No matter which application is used to create a project, its display environment settings, default resolution, and proxy management settings are fully compatible with other Autodesk applications. Even if you create a project in, for example, Flame, its project resource directories will include an action directory for saving Action setups should the project be loaded in Smoke.
Even if you create a project in Backdraft Conform, it is fully equipped to be loaded into any other product, without restriction.
When you share projects between products, an independent desktop and EditDesk are maintained. Clips left on the desktop following an Effects session are not available on the EditDesk in a subsequent Finishing session, and vice versa. To ensure that all clips are accessible to all products, make sure you save them to a clip library.