Software project development and maintenance activities have been reported in various repositories. The data contained in these repositories have been widely used in various studies on specific problems, e.g., predicting bug appearance, allocating issues to developers, and identifying duplicated issues. Developed analysis schemes are usually based on simplified data models while issue report details are neglected. Confronting this problem requires a deep and wide-ranging exploration of software repository contents adapted to their specificities, which differs significantly from classical data mining. This paper is targeted at three aspects: the structural and semantic exploration of repositories, deriving characteristic features in value and time perspectives, and defining the space of project monitoring goals. The considerations presented demonstrate a holistic image of the project development process, which is useful in the assessment of its efficiency and identification of imperfections. The original analysis introduced in this work was verified using open source and some commercial software project repositories.