If your account is a member of a group that is allowed to create team projects in Team Foundation Server, contact the administrator ...

If your account is a member of a group that is allowed to create team projects in 
Team Foundation Server, contact the administrator for the server that is running Windows 
SharePoint Services, and request that your account be added to the SharePoint Central 
Administration group on the appropriate server. For more information, see "Managing Team 
Foundation Server Sites in Windows SharePoint Services" on the Microsoft Web site 
(http://go.microsoft.com/fwlink/?LinkId=91051).