What computer operating system for your Premiere Elements 14?
Please open the project to the Expert workspace. Do you see at Create header? If so, please click on that. Do you find Instant Movie there?
And, do you see "Create a template based movie" in the main screen when you open the project. That option includes Instant Movie.
Please check out those locations, and let us know the outcome. Please give more details if you can find Instant Movie from the above information.