vsts - TFS setup for one small team and multiple parallel projects -

we have 5 member dev team , building multiple internal projects in parallel. upon researching, find best create 1 team project, our situation, correct?

if so, please recommend how setup proper iterations projects , timelines?

http://arstechnica.com/civis/viewtopic.php?f=20&t=1293955 sounds similar situation can't seem more 1 "current" iteration in tfs agile process board?

per team project can have 1 iteration tree (and therefore 1 current iteration). should decide based on how plan team resources. want have single backlog whole team or different backlogs each project. each has pros , cons, depending whether want use visual studio team service planning team resources or planning projects.

using single team project / backlog

with approach easy plan whole team resources next sprint. can assign people different tasks in different projects , have overview on team working. assign work items different projects can use area path.

planning , tracking progress of individual projects little bit harder approach since have same iteration structure projects , common set of tags. there external tools can integrate visual studio team service available marketplace though, can planning individual projects.

using team project per project

with approach have clear overview of progress of each project , can have individual iterations, tags, etc.

on other hand it's harder plan team resources since won't have single backlog , no place see team working on @ moment @ glance.