Best Practice to Change Department Name in HCM

We need to change the Department Name of several departments in HCM. What is best practice - update or create the existing Department or create a New Department?

We do utilize Costing of Department to tie the HR department to Payroll Costing and we also use Organization Trees to link the Department to Division. We also use Position Management for part of our population.

We are currently using Oracle Fusion 24D.