Xilinx recommends you manage the project directory that was created for the project in Vivado Lab Edition under revision control. The hw_* directories in the Lab Edition project directory stores information about custom dashboards, trigger, capture conditions, waveform configuration files, etc., in the Vivado hardware manager as part of using the Debug and Programming. The .lpr file in the Lab Edition project directory is the project file that you need to manage under revision control. The entire project can be recreated by opening this project file, provided that the hw_* directory are at their original locations.