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CCS v3.1.0: Unable to open project (Project --> Open menu option is not available)

When I launch CCS v3.1.0, with either 5502 Target Processor (when I do not have the target emulator connected/powered) or the 5502 Device Simulator as the configuration in the Setup Utility, the Project menu options are not available.

I had a coworker of mine launch CCS v3.1.0 in a similar way (he had an eval board configuration, but it was also not connected/powered) and he was able to get the menu option.

Here is a screenshot of my CCS and setup in which I am not able to open a project.