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Project unit name change

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Project unit name change impact

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We have configured project units, project templates and have converted multiple projects under this project unit. Our customer would like to change the project unit name now. I know we can change it in the manage project unit organizations setup, but i would like to know what impact it's gonna have on the existing projects. Will all the existing projects get updated to the new project unit name automatically, upon changing the project name? We expect the existing projects as well to get updated with the new ones, but I wanna know if its gonna cause any other issues.

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