Is it possible to to create a shortcut to open a terminal window to a specific directory? I'm using [gcc](http://gcc.gnu.org/) a lot to build small C programs but it is annoying to have to navigate to the directory where my source code is. Is there anyway to configure an short cut (or anything) to terminal to open the window in a given directory? 

**Update**: This problem is still eluding me. The most voted answer is the one I've just tried to implement. But, I'm apparently having trouble putting together what would be the $PROJECTDIR path. 

Lets assume that the files are in something like the following location:

```
 /Documents/SVN Working Copies/School/Term-1/CSC-373/

```

I can get there when I `cd` to every thing by itself but I've been using the wild card:

```
cd doc*
cd svn*
cd *
cd *

```

What I tried was (things like):

```
cd /Documents/SVN Working Copies/School/Term-1/CSC-373/  

```

(again, in place of $PROJECTDIR.) When I open the terminal window, I have access to Documents so I figured I would when creating the new profile...