# poetry > Manage Python packages and dependencies. > More information: . - Create a new Poetry project in the directory with a specific name: `poetry new {{project_name}}` - Install a dependency and its subdependencies: `poetry add {{dependency}}` - 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}}`