TFS 2010 - Unable to create Team Project

I had created a Team Project Collection开发者_JAVA百科 and added a team project on TFS 2010 which was a created on a VMWare space. Of late my system administrator copied the image of the server and recreated it on to a new VMWare server due to space shortage.

Not sure if the given issue is occuring due to that but post the movement I am getting this error when trying to create a Team Project on TFS 2010

Error TF24023:

Team Foundation Server Configuration Failure. The New Team Project Wizard work item component could not connect to the Team Foundation Server \

Explanation

Contact the administrator for the Team Foundation Server \ to confirm that the server is available on the network. Also, you might find additional helpful information in the project creation log. The log shows each action taken by the wizard at the time of the failure and may include additional details about the error.

User Action

The Project Creation Wizard was not able to connect to the Team Foundation Server \. The reason for the failed connection cannot be determined at this time.

The server is accessible and am able to work with my earlier created Team Project, but not able to create a new one as it tries to look at the servername\projectcollectionname instance as the server name. Can someone help to resolve this.

Tried searching the error number and the log related solutions and other forums but could not get any specifics related to my issue.

What is in the log files? Do you have SharePoint or SSRS configured? And are those configurations still valid?