We've had at least two instances recently, zarf (#497) and minder (#506) where contributors were interested in updating references to the their projects, which would've involved modifying a previously submitted project lifecycle applications.
In my opinion, these documents should be point-in-time references, with the content remaining static.
That said, with our current versions of the template, we will continue to run into instances like this.
Discussed in the aforementioned issues, as well as the August 5th TAC meeting.
cc: @steiza
Ideas
Some combination of these could work: