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How to update existing project attribute value when its value is renamed

Question asked by RahulSarkar4202881 on Mar 30, 2012
Latest reply on Jun 16, 2012 by another_martink

Our users wanted to change one of the values of project field : "Funding Source".
(For example : "ABC Project" to "LMN Project". We know this can be done by Project Object Atributes.

But we want this rename should be updated in all existing projects and old project records.
Is there any existing process Clarity has in place to update all the existing or old project records with this update.

We want to accomplish the same with Idea as well.

Please help us in this regard.

Any idea is extremly appreciated.