This template is designed for use if you have a small project with only a few project members.
Only the minimum of Work Item types are defined in this template. Tasks, Change Requests and Test Runs are not used.
All reports are specifically designed for this template, so if you start working with this template you will quickly know the status of your project and what is needs to be done next.
You don´t need to worry where you have to store your requirements and test cases. Nearly everything is working automaticaly.
Typical steps are the following: import requirements you get from a customer into your project, specify requirements to these customer requirements and test your requirements to verify that all requirements are covered and tested successful.
If some of these tests fail you can also do the defect tracking in this project.
You should plan requirements, test cases and defects directly so all of these Work Item types are visible in the live plan and your work records are also tracked directly to these items without creating a task for each requirement or test case.