Carl --
1. No, this is not how Versions work in Project Server. You cannot save an
alternate version as the Published version. By that, I mean you cannot open
the alternate version, click File - Save As, select the Published version,
and then save it. The system will prevent you from doing so. Instead, I
would recommend that you use a custom enterprise Project outline code for
this purpose. The outline code could describe the current state of the
project, such as: In Planning, In Production, On Hold, Cancelled,
Completed. The PM or PMO would be responsible for setting the appropriate
value for each project as the project progresses. You can then add this
custom enterprise Project outline code to your Project Center views and then
do grouping and filtering on it. You can also build a Portfolio Analyzer
view that shows data for one or more Versions of each project.
2. I do not recommend you use the Target version for baselining. Instead,
here's the process I would follow:
A. I plan the project and save it as the Published version
B. When the project is approved I baseline the project, save it, and then
save it again as the Target version
C. During the life of the project, I track project variance in the
Published version against the project baseline
D. When I finish the project, I use the Compare Project Versions utility to
note the changes between the original project (Target) and the completed
project (Published)
Just some thoughts. Hope this helps.