We all don't like doing the same thing twice, that's why you can duplicate existing PI sessions and just need to update a few things before you're ready for your next PI.
Apart from saving precious time, there are mainly two reasons why you'd want to duplicate an existing session.
Prepare for a new PI
Updating the teams
How to duplicate a session
Hover over the Action menu item in the SAFe PI Session page in the RTE Cockpit
Select Duplicate
Choose Option
It will open the same flow as when you would configure a new PI session from scratch but you'll have values already filled out, based on the selected option.
Update the missing configurations needed for your new session and click Next on the last (Iterations) screen.
Prepare new PI
When setting up a new PI you can start based on a former configuration. Selecting this option you have to update
General information (#1)
Teams (#2)
Iteration names and mapping (#11)
All other configurations will be copied.
Duplicate this PI
In case your team composition changes before PI Planning but you already have all the configurations ready, select this option. With this option you have to update
General information (#1)
Teams (#2)
All other configurations, including Iteration names and mapping will be copied.