You may get a “workspace already exists” when you have VS 2008 or VS 2010 installed as well as VS 2012 and you try to connect them to TFS 2012.
Figure: The Workspace already exists on computer
This results in this error ever time you start VS 2010 or VS 2008.
If Visual Studio 2012 is the first thing that you open to create a new workspace against a new collection a default workspace of “computername;username” will be created as a “Local” workspace.
When you subsequently open VS 2008 or VS 2010, which do not support Local Workspaces, you get this error when it tries to create a workspace. Visual Studio does not detect that this workspace already exists as when it queries the server the “agent” filtering does not return local workspaces.
Manually create a “Server” workspace for use in VS 2010 and VS 2008.
Figure: Create a new Workspace with a new Name
You can now connect to Source Control..
Originally published at Where Technology Meets Teamwork by Martin Hinshelwood , Senior ALM Consultant. ( source )
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