I had created a project with several clips. Last night I added a title, deleted some bad cells and saved the file. Now when I try to open it, Premiere goes through the motions of loading the project and the following message comes up: "The project is not compatible with current version of Premiere Elements."
I am at a loss how a file I created using a program is incompatible with the program that created it.
I have tried opening the file using "Open Recent" and double clicking on the file. The results were the same.
I am running version 14.1 on a Mac with OS X 10.11.4 a Mac
Another El Capitan issue. Ugh.
Try opening one of the Auto-saves of your project. You'll find them in the same directory as your project file, in a sub-folder called Adobe Premiere Elements Auto-Save.
If that doesn't work, try uninstalling and reinstalling the program.