When attempting to open an SSIS package created by Sql Server Data Tools from the Sql Server 2012 install, using Visual Studio 2012, the text (incompatible) appears beside the project name and the package icon appears with a blue circle on it.
If you try to open the package, a message appears saying “The application is not installed.”. The package would open without any problem using Sql Server Data Tools under the Microsoft SQL Server 2012 folder on the Start menu, which uses the Visual Studio 2010 shell.
To resolve this you need to install a Microsoft SQL Server Data Tools update.
Download and run SSDTBI_VS2012_x86_ENU.exe on your system. During the installation expect an SQL Server 2012 Setup panel to appear. Click Next to go start the setup. By default it may be set to install a new instance of SQL Server, keep this setting because you are not creating a new database engine, just the data tools. Select “SQL Server Data Tools – Business Intelligence for Visual Studio 2012” under Shared Features, on the Feature Selection panel. Open Visual Studio 2012 and create a new project. You should see the Business Intelligence projects available on the left hand side.