Creating Penrose Project
To create the Penrose project, go to File -> New -> Project ...

Then click Next.

Enter the project name and source directory that you check out from SVN.

Finally click Finish.
Creating Penrose Studio Project
To create the Penrose Studio project, go to File -> New -> Project ...

Then click Next.

Enter the project name and source directory that you check out from SVN.

Finally click Finish.