how to use project feature for manufacturing unit?

how to use project feature for manufacturing unit?

i am in fabrication / furniture manufacturing field.
now i want to use project feature for financial watch. but can't find it useful as of now.

can someone throw light on usage of project for non service ( manufacturing ) unit?

currently, i tried this :-
1. made a project by name of PO.
2. adding expenses regarding that work in the same project.
3. now, when i generate the bill (invoice), it shows "1 unbilled project" under Items table. but when i add that project, it shows PO name as Item name, and project details ( which i entered at the time of creating project) as item discription.
But i want actual Item name in invoice.

suppose, i add project name same as item name, what would be if i have two PO of same items like "M S Fabrication"? i can not differentiate between two or more.