Where do you set the location of a new project and its assets?

The new project dialogue is the correct choice for setting the location of a new project and its assets. When you initiate a new project in video editing software, the new project dialogue often provides options for defining key elements of the project, including the project name, file location, and where associated media assets will be stored. This is crucial as it helps establish an organized workflow and ensures that all project files are easily accessible.

Options like the project settings menu or the preferences panel focus on adjusting various settings and configurations once a project has been created rather than establishing its foundational structure. The tools menu typically encompasses tools used in editing and does not pertain to project organization or asset management. Hence, the new project dialogue is specifically designed to lay the groundwork for your project, making it the appropriate location to set your project and its asset paths.