Organization was set up with one Business Unit. Now it wishes to create a new one.

Summary:

When we configured PPM Oracle, a single business unit was defined for sponsored awards and projects. Now the organization wants to split up this business unit in two business units. According to the documentation, it is understood that the business unit cannot be changed in an award or project.

According to the knowledge base and what I understood, the option is to close down the existing business unit and create two new business units. Then recreate the awards and projects with the appropriate business unit.

Will it be possible to create just one business unit and recreate the awards and projects associated with this new unit and close them in the original business unit?