Difference Between "Create a Copy" and "Create New Version" in Smart Assessment Templates

[pokulkarni]

Hi everyone,

I'm working with Assessment Templates in ServiceNow (Third-Party Risk Assessment) and noticed the following options in the template menu:

• Create a Copy
• Create New Version

Could someone help clarify:

1. What is the functional difference between Create a Copy and Create New Version?
2. When should each option be used?
3. How do these options impact existing assessments that were already created from the template?
4. Are there any best practices for managing assessment template changes over time?

Any examples or guidance would be greatly appreciated. Thanks!

Thanks,

Poorvi