"project operated" is correct and can be used in written English.
You could use it to describe something that is managed or conducted as part of a larger project. For example, "The project operated for three months before it was shut down."
This image is part of the DeCew Guide project operated by UC Berkeley's University and Jepson Herbaria.
Last week those scenes were repeated at an exploratory drilling site near Manchester as anti-fracking campaigners descended on a project operated by IGas in Barton Moss.
Despite the ongoing investigations, Whitehall trade officials are also actively considering giving further financial support to a project operated by two companies embroiled in the scandal.
LIGO is a joint project operated by the California Institute of Technology and the Massachusetts Institute of Technology and funded by the National Science Foundation.
Our operating frequencies were well in the ultrasonic band, which meant there was hardly any noise at the audio frequency bands at which our project operated.
From 1974 until construction began in 1997, Project operated out of a dilapidated factory on this site that was as renowned for its leaky roof as for the controversial works it produced.
The asthma project operates both in and out of the classroom.
It was gathered as part of the Scottish wildcat conservation project operating across northern Scotland.
A trickle of money comes from publishing articles on harassment, but the project operates at a loss.
The project operates on the honor system, in that there is no independent verification by which to judge corporate claims.
The Middle Awash project operates under permit from the Ethiopian Authority for Research and Conservation of Cultural Heritage of the Ethiopian Ministry of Youth, Sports and Culture.
