For efficient version management, why is it advocated to create separate versions?

Creating separate versions is advocated for handling long-term plans effectively because it enables organizations to track different scenarios, adjustments, and outcomes over extended periods. By maintaining distinct versions for long-term planning, teams can monitor changes, compare performance across various scenarios, and make data-driven decisions based on evolving business environments. This approach not only facilitates strategic planning but also ensures that historical data is preserved, allowing organizations to analyze trends and patterns over time.

Each version can represent different strategic initiatives or financial projections, providing clarity and focus on the organization's objectives. This capability becomes particularly crucial when stakeholders need to evaluate the impact of long-term decisions and adjust plans as needed. Overall, efficient version management fosters a robust planning process, aligning resources and expectations with the organization's longer-term strategic goals.