Dear Sunil Nadig,
Good day! Thank you for posting to Microsoft Community. We are happy to help you.
As per your description, it seems that you are having issue with Project Online, Macros get disabled with the latest office upgrade.
If the understanding above is right, to help you better and for the further troubleshoot, we would like to collect more detailed information you're experiencing so that we can have a further investigation:
- Would you please share screenshots of the issue encounter again by using the Insert image button (as shown below), or directly copy and paste the image to your post.
- Does the issue happen on different devices with different users?
- Please also share your Office version with us by going to Project Online desktop app > File > Account and take a screenshot as shown below? For your reference: What version of Office am I using? - Microsoft Support

Meanwhile, please check the suggestions shared in below official article can help.
For your reference: Enable or disable macros in Microsoft 365 files - Microsoft Support
Appreciate your understanding that sometimes the initial reply may not resolve the situation very soon. However, we can work together to narrow down and resolve the situation. Please kindly post back and provide the more information, then we can focus on your specific scenario and provide specific suggestions.
If the understanding above is not consistent with yours, please feel free to post back and point that.
Your understanding and patience will be highly appreciated. We hope that you are keeping safe and well!
Thanks for your cooperation.
Sincerely,
Rhoda | Microsoft Community Moderator