HyperWorks has one out-of-the-box repository, Personal (managed repository).

Selecting Last Selected from the repository selector opens the last used repository and library. This option is available only when the Organize browser is first opened and no repository is selected. Selecting Manage Remote Sites from the repository selector opens the Manage Remote Sites dialog, used to add and configure team and enterprise repositories to be accessed from HyperWorks Collaboration Tools.
Note: Team and enterprise repositories can only be used if HyperWorks Enterprise Foundation is available.

Repositories can have multiple libraries. A library is a database of contents. Different libraries may have different content definitions. Use the view selector to toggle between the Repository view, blue icon, which shows all content in the repository, for the selected library; and Workspace view, yellow icon, which shows contents that have been retrieved, through Get or Checkout, to the selected workspace.