My experience with the bachelors was that despite my project being derailed by the bullshit around formatting the document, doing "research" by searching the library for peer reviewed papers that backed up my claims, etc, etc; I got a excellent mark. In short I set out to make something and due to the academic processes failed in making anything, but because I was able to critically reflect on it, I got a good mark. Waste of time, unless you were just are a good mark.
For my masters I know the project doesn't matter, I'm concentrating on the academic nonsense because that's where the marks are.