True or False: A Model Lifecycle record can be created for tracking purposes when a model is retired.

Creating a Model Lifecycle record when a model is retired is considered a best practice in Software Asset Management (SAM) because it allows organizations to track the entire history of software usage, including its retirement phase. This record serves as documentation that provides transparency and clarity on the model's journey through different stages of its lifecycle.

Having this record is crucial for ensuring that all compliance requirements are met and for maintaining accurate statistics about software assets. It facilitates audits and provides insights into software usage patterns, helping organizations make informed decisions regarding future software investments. Additionally, tracking models during retirement can highlight any potential risks or compliance issues associated with the decommissioning process.

While the other options mention specific scenarios or limitations for Model Lifecycle record creation, the accurate practice is to create a record for all models, particularly when they are retired, to ensure thorough tracking and management of software assets.