To create a term set, follow these steps:
- From the SharePoint admin center, select Classic features, and then select Open under Term store:

- If this is your first time administering the Term Store, you'll need to grant an account permissions. In the tree-view navigation pane, select Taxonomy_<id>, and then add an account to Term Store Administrators and click Save.
- Click on Taxonomy_<id>, then select New Group.
- Fill out the properties for the name of the group managers and contributors and then click Save.
- Point to the new term set (or an existing one if you have previously configured a group to be associated with a ...