Go to: File - Import Flex Project (FXP) - will bring up a panel where you can choose a project folder/directiry or a project file.
use radio btn. file and browse/select it wait a couple of secons and the 'Finish Btn" will enable !
Lower part of panel use to re name your new file !
Click 'the 'Finish Btn' - Project will Import in full fully set up - That will be it !!!