Check the version first
If After Effects says the project was created by a newer version, the fastest path is to save a compatible copy from newer AE or try a structured AEP downgrade.
Separate version errors from missing assets
Missing footage and missing plugins usually appear after a project opens. Version mismatch can prevent the file from opening at all.
Protect the original project
Always keep the source .aep and test a converted copy in the target AE version before sending it to collaborators.