TFS Project with Multiple Visual Studio Solutions

Question

Our team is looking at using Team Foundation Server v.11 (2012) to manage our projects. We currently do our project management in spread sheets. Our team develops software for i

Answer 1

If you want to have a centralized reporting for the whole codebase, you should explore the possibility to use one TeamProject to host everything.
In order to then distinguish between the different components/parts you can employ separate Areas within this TeamProject.
Check out this very interesting article, especially the Pros/Cons section.