An unhandled exception occurred: readConfiguration is not a function

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I am trying to convert one of my Angular10 project to Angular12. These are the steps i followed to convert my Angular10 project to Angular12.

I uninstalled older version of angular-cli I installed a newer updated version of angular-cli Now, When I try to do ng serve it gave me the error as stated below. Please correct me if i am not following the correct steps to upgrade to Angular12

This is a simple server for use in testing or debugging Angular applications locally. It hasn't been reviewed for security issues.

DON'T USE IT FOR PRODUCTION!


An unhandled exception occurred: readConfiguration is not a function

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