NO Version Management in SAP BPC-is it in SAP BPC7.0 NW AND/OR SAP BPC70 MS

All,
As far as I know SAP BPC doest not have versions management. How you guys out there handle version management for SAP BPC. Do we have VM on SAP BPC 7.0 NW?
Why there is no VM in BPC. Come on convince me : - )
Thanks,
SK

Guys,
What is the verdict on Version Management being there in BPC? Can you (Saquib or others) give an example as to what Version Management functionality you might be looking for?
From the little I know, when you are doing software development through lifecycle (in SAP it would be called Transport strategy) management, you promote different changes in the target system and hence SAP has an implicit version management. I am assuming that BPC 7.0 NW version would have that automatically since it is promoted through transport strategy only. Are you referring to the same thing as version management or is it something else? But I also read somewhere that only appset is promoted through transport and not sure if each and every component is part of that.
Please enlighten with your insighs.
Thanks.

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