I am new to whole python django world and currently learning rapidsms. i am at a point where I installed virtualenvwrapper and created virtualenv for project mkvirtualenv projXYZ and workon projXYZ. I have installed django and rapidsms after this. So right now as per my understanding I only have pip, python and virtualenv installed on my local and all project specific tech is installed in virtual env created by name projXYZ. Is my understanding correct?
After this as I am following tutorials I am to create new RapidSMS-django project from template. I am confused whether to create this project with same name as projectXYZ since I have virtualenv for project or Can it be other project name as well.
Is my understanding correct?
Yes, that's right. But as far as I know you can to extend standard setup script and to add some additional default packages. See this link for detail.
or Can it be other project name as well.
This could be any other name you like. Virtualenv does not limit you in this way.