Third in my series of everything you wanted to know but were afraid to ask: If I move a project from one location to another on a single hard drive, will AE (2014) automatically find the footage with 100% accuracy?
No. It will not. If the footage is located in the same folder as the project file -- even in another UNDISTURBED folder within -- it will find it. The reason: the pointers to the footage in the project file retain their relative file path.
But if your footage is in a folder that DOESN'T move with the project file, it's dead simple to reconnect. That's a blessing.
KGAN (CBS) & KFXA (Fox) Cedar Rapids, IA