1. derive team members first
2. chalkout the design of the project
3. assemble all tools related to your project or project report, take all information in detail, fragment this work into the members, so that your work will be easy, deside one captain of the team, all team member will interact with him and give him the reporting concerned with the topic or project
4. train them in all respect to face the examiners or professors as far the project knowledge is concern equaly
5. the number of members you can select limitless but see the volume of the project or work and assign the jobs to the members accordingly, but it is useful to assign limited people while compiling your project.
6. good communication and interpersonal relations maintainence within the team mebers, 7. the captain has to support to all team members and proper guidelines in respect of the actual work, 8. boost their morale about the project, 9. wipe out their small mistakes if they are doing so, 10. test the good fruits of your projects finally, you will be succeed over the task. "nothing is difficult in this world", just remind it.
There are many points I can add here but above are the important and easy to follow.
convey me if I am correct or wrong!

sunil