Error: Project value does not match any project using the current Display Project As setting

While importing time entries from a CSV file, CORE reports an issue:

Project value "1001-Office Renovation" does not match any project using the current Display Project As setting.

This happens when a Project value in the CSV file does not match how the project displays in CORE. Each value must match exactly the format set under Within CORE in Settings > Projects > Project Display. Correct the values in your file and import it again.