A new approach to projects for undergraduate electronic engineering in an Australian university has been applied successfully for over 10 years. This approach has a number of projects running over three year period. Feedback from past graduates and their managers has confirmed that these projects train the students well, giving them the ability and confidence to work independently and collectively in the industrial world. Due to their importance to universities, staff and students alike, together with the potential heavy financial burden on the universities, careful planning has to be undertaken before implementing such projects. This paper presents some detailed suggestions on how such projects should be administered and operated as well as setting out possible criteria to assist supervisors in evaluating the final product from such projects.