Business process Model Migration

I have read the migration documentation to move business process models. I was wondering if someone can confirm my understanding.

  1. Run generation report listing to see all items that need to be moved

  2. Export Business Process model as complete from Modeler

  3. Migrate the design server package on the source to the target design server

  4. Import business process model from source to target

  5. Ensure all Referenced items (Docs, etcs) exist on the target server as well.