The organization can choose how they would like the folder will be created. There are four options:
Project number and name
Project name and number
Project number and Project external name
Note: If the organization chooses one sync, and then it changes of options, the old projects have the folder name format how it was imported, and the new sync will have the new folder name format. Any modification in the cloud of a folder project already sync will create a new folder with the new format. This means, that the project folder will be duplicated with different name formats. So, we suggest that the organization choose one definitive option before the synchronization.