The version of a package can be managed in the view option. You can update or roll back the package by changing the version.
From the list of Processes, click on the View option. A Version wizard will appear.
AutoUpdate – If this auto-update feature is enabled, then the package version of the process gets automatically updated each time a new version of the project is published in Studio.
Choose the required version and click on Update. Now the version will get updated for the specified process.