In the knowledge project, you will store only documents. It could be your knowledge library. You can create different knowledge projects by topic, subjects...
It supports shortcut from/to these workspaces.
The Sourcing project enables you to create all your projects for sourcing. In theses projects you will we able to have your event sourcing with eRFI, eAuction, eRfq, eRFp. And beeing able to have some tasks workflow to drive your sourcing project.
You can also store some documents to support your sourcing projects.
Hope that will help you
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Hugo is correct. I would suggest making yourself familiar with the Help link in the solution. The guides would provide an answer for you also. A lot of good information there. Also, try searching in Connect, you might find some knowledge documents that would help clarify. David Morel
What is documents exactly.
Ravi...you can add excel, word, powerpoints, text, anything you can upload.