Once password is set , it can be removed also if necessary.However to remove password, existing password is required to unlock.Open the password clear window by clicking clear password button or pressing short cut key ALT+C.It will open the clear password window only if the current project has password set.Open the window and enter the existing password to clear it.

After clearing the password, the 'Password Protected' display will disappear.
It may be noted that the password protected project can be opened only by entering the correct password failing which the password protected project can't be open.It is therefore recommended that the password if any set must be kept safely.The password protected self extractor can be installed in to the target machine with the project password only without which install will not take place.Therefore, 'password protected self extractor'  password must be given separately to install.It is also to be noted that 'Recovery of lost password' is not possible.