In other words if you have a drive with a folder and subfolders that contain your project and footage then it'll pop open without forcing you to relink it because Windows uses drive letters and Mac uses volume. Newer versions of Premiere (I believe CS6 included) store a version of the file path as the relative path from the project to the file.
Workspaces Working with Panels Windows touch and gesture controls. Move and delete projects Work with multiple open projects Work with Project Shortcuts Backward compatibility of Premiere Pro projects Open and edit Premiere Rush projects in Premiere Pro Best Practices: Create your own project templates Workspaces and workflows.