Currently Being ModeratedNov 20, 2012 7:02 PM (in response to maw3cube)
First of all, photos can only belong to a Project. You can Move a photo from one Project to another. A Project can be in a Folder, but moving a photo must be between two Projects.
Photos can be referenced in more than one Album, but they are not stored in the Album. There can be one or more folders withing a Project, but they can only organize Albums.
With that background, what is it you want to do?