TF30034: You do not have permission to create a new team project.
This error occurs after the first time that the New Team Project Wizard connects to Team Foundation Server to determine whether your user account has been granted permission to create a new team project. The wizard is in the process of creating a new team project and encounters another server component (for example, the virtual directory used by Internet Information Server) that checks the permissions set on your user account. If your user account does not have the required permissions, the wizard displays this error. The Team Foundation Server administrator sets the permissions on your user account or can help you contact the appropriate system administrator.
To correct this error
Contact your Team Foundation Server administrator and ask that the required permission be added to your user account. You also need permissions to access Windows SharePoint Services and SQL Server Reporting Services; contact the administrator for those services to have the appropriate permissions added to your user account.