To launch the Log Configuration dialog:
The System Profiler perspective also allows you to create Kernel Event Trace log configurations using the log dropdown from the toolbar.
If you don't already have a target project, you'll have to create one.
To create a target project:
You can use this target project for a number of different tasks (debugging, memory analysis, profiling), so once you create it, you won't have to worry about connecting to your target again. Note also that the qconn target agent must be running on your target machine.