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Prerequisites
Before you create a VCN and Subnets, ensure you have the following:
- An active OCI account.
- Make sure you Loged in as Account user who has, necessary IAM policies to create and manage networking components and Resources.
Lab Task :
Renaming a Compartments in Oracle Cloud Infrastructure (OCI)
Lab Task Flow
Task 1: Creating a Compartment
To Rename a Compartment we need to have a Compartment first, we assume that you already have an compartment, else kindly create your Compartment by following below Guided Hand-on Lab Link
Task 2: Examine your projects OCI Logical diagram
Examine your projects OCI Logical diagram and choose the compartment which you want to Rename, make sure about what are the resources which will get affected by Renaming the compartment you choose, have awareness about the compartments Parent and levels of Child compartments within it
In Our Lab we have following Compartments, Let us try Renaming them.

If you want to create such Architectural / Logical Cloud diagrams check this link - Click here :
Task 3: Renaming a Compartment
Detailed Video Explanation:
Required concept knowledge
Manually Renaming a compartment
Compartments can be renamed and policy defined to that compartment will automatically be applied to the renamed compartment.
You can’t change the name of your root compartment.
Reference
Stay tuned for more posts on managing your OCI resources effectively! Happy cloud computing!