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It is worth spending a few moments on Terminology.


Workspace - this is an Eclipse term and refers to a root folder in your file system where you will store your projects. When you install the Designer it creates a default Workspace called "workspace" for you.
Project - this is where you will create your Transformations. You can put one or more transformation "Graphs" into a single project.
Transformation - the general term for a set of operations that will manipulate your data.
Graph - this is the formal term for the graphical layout that contains a set of transformation components.
Transformation Components - these are the graphical objects that you will drag into your graph.
Edge - an edge is the line that joins components together.


Use the image below to see where these terms fit into the actual Designer application.