What does the 'Version History' feature allow users to do?

The 'Version History' feature in Smartsheet is primarily designed to provide users with the ability to review and restore previous versions of a sheet. This functionality is crucial for project management, as it enables teams to track changes made over time, revert to earlier versions if mistakes occur, and maintain a clear audit trail of edits. Users can see who made changes, when they were made, and what specific alterations occurred, making it an essential tool for managing document integrity and collaboration.

The other options do not align with the core functionality of the 'Version History' feature. For instance, real-time collaboration capabilities are found in other aspects of the platform but are not the focus of the version history. Tracking expenses is generally handled by different tools or features specifically designed for budgeting and finance. Changing the ownership of a sheet is a separate administrative function that does not involve version control. Thus, 'Version History' distinctly focuses on managing the progression and alterations to a sheet's content over time.