# poetry > Manage Python packages and dependencies. > See also: `asdf`. > More information: . - Create a new Poetry project in the directory with a specific name: `poetry new {{project_name}}` - Install and add a dependency and its sub-dependencies to the `pyproject.toml` file in the current directory: `poetry add {{dependency}}` - Install the project dependencies using the `pyproject.toml` file in the current directory: `poetry install` - Interactively initialize the current directory as a new Poetry project: `poetry init` - Get the latest version of all dependencies and update `poetry.lock`: `poetry update` - Execute a command inside the project's virtual environment: `poetry run {{command}}` - Bump the version of the project in `pyproject.toml`: `poetry version {{patch|minor|major|prepatch|preminor|premajor|prerelease}}` - Spawn a shell within the project's virtual environment: `poetry shell`