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Version Up command is not found in: File - Preferences - Drafting -
General/Setup - Workflow -Version Up, in NX11.
Solution
Before NX11, Version Up command is available in File - Preferences - Drafting -
General/Setup - Workflow.
Now in NX11 this is moved to Menu-Tools-Version Up.
Notes and References
Hardware/Software Configuration
Platform: INTEL
OS: windows
OS Version: 764
Product: NX
Application: DRAFTING
Version: V11.0
Function: VERSION_UP
Ref: 002-7009576