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Folders are nodes in the Cloud Platform Resource Hierarchy. A folder can contain projects, other folders, or a combination of both. Organizations can use folders to group projects under the organization node in a hierarchy. For example, your organization might contain multiple departments, each with its own set of Google Cloud resources. Folders allow you to group these resources on a per-department basis. Folders are used to group resources that share common IAM policies. While a folder can contain multiple folders or resources, a given folder or resource can have exactly one parent.https://cloud.google.com/resource-manager/docs/creating-managing-folders