You can change the version name and access rights.
To modify versions:
Optional: For Typelist, modify the type of version to display for the application:
Standard Target - Values are entered from the parent level down.
Standard Bottom Up - Values are entered at the lowest member level and aggregated upward.
Optional: For Alias Table, select an alias table to associate with the version, and enter a description.
Optional: Select Enabled for Process Management to include this version in approvals.
This option is not available for target versions.