Upgrade / Update Unreal Project To Newer Version (including common issues) step by step guide, in under 2 minutes.
NOTE: The latest version at the time of this recording was 5.8 (coming from 5.7), but older UE versions and possibly future UE5 versions should still apply when using the info presented in this video.
https://dev.epicgames.com/community/learning/tutorials/7Owd/unreal-engine-upgrade-update-unreal-project-to-newer-version