Error loading Django in Pycharm..

Hello All,
I was trying to run django console (Tool > Run django console), but when the console popped up I got this error:

"Traceback (most recent call last):
  File "<input>", line 1, in <module>
  File "C:\Program Files (x86)\JetBrains\PyCharm 3.4.1\helpers\pycharm\django_manage_shell.py", line 4, in <module>
    from django.core import management
ImportError: No module named 'django'"

Question is - I have django installed, what does this mean and how can I solve this error.

Thanks