When using ALM, the timescale and its properties are currently treated as a non-production list, which means that changes to Current Period and Switchover need to be performed in DEV, and then sync'd across to PROD. This is not best practice for SDLC, since it means you are mixing regular monthly admin tasks with the model enhancement process.
For example, if I had some partially built model changes in my DEV environment, I would need to create a revision tag, restore back to the last 'clean' state, which was was probably right after the last official release from DEV (assuming I have everything properly tagged), make my admin changes, sync to PROD, and then restore my DEV model back to the current dev state. It is extremely easy for someone to make a mistake while doing this, and inadvertently release untested changes to PROD, or even delete incomplete dev work
I would suggest this should be a high priority for fixing in a future release - it just needs the timescale and related properties set as Production list/data
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