Text items are created by selecting Create > Text.
The default formatting for new and existing text items can be modified in Project Options.
To customise the formatting of the text, use the toolbar buttons or right-click on text and select Paragraph... (i.e., like in Word and PowerPoint).
You may adjust the width of the text items by dragging the resize grabber to the right of the text box, or by manually entering a default width in Project Options.
Use Shift+Enter to add line breaks within a list item.