diff --git a/examples/obs-agent-iks/main.tf b/examples/obs-agent-iks/main.tf
index 32978729..64e70427 100644
--- a/examples/obs-agent-iks/main.tf
+++ b/examples/obs-agent-iks/main.tf
@@ -4,7 +4,7 @@
 
 module "resource_group" {
   source  = "terraform-ibm-modules/resource-group/ibm"
-  version = "1.1.6"
+  version = "1.2.0"
   # if an existing resource group is not set (null) create a new one using prefix
   resource_group_name          = var.resource_group == null ? "${var.prefix}-resource-group" : null
   existing_resource_group_name = var.resource_group
@@ -70,7 +70,7 @@ locals {
 
 module "ocp_base" {
   source                              = "terraform-ibm-modules/base-ocp-vpc/ibm"
-  version                             = "3.41.7"
+  version                             = "3.46.8"
   resource_group_id                   = module.resource_group.resource_group_id
   region                              = var.region
   tags                                = var.resource_tags
@@ -99,7 +99,7 @@ resource "time_sleep" "wait_operators" {
 
 module "cloud_monitoring" {
   source                  = "terraform-ibm-modules/observability-instances/ibm//modules/cloud_monitoring"
-  version                 = "3.5.0"
+  version                 = "3.5.1"
   instance_name           = "${var.prefix}-cloud-monitoring"
   resource_group_id       = module.resource_group.resource_group_id
   region                  = var.region
diff --git a/examples/obs-agent-ocp/main.tf b/examples/obs-agent-ocp/main.tf
index b088401f..26c7cc9e 100644
--- a/examples/obs-agent-ocp/main.tf
+++ b/examples/obs-agent-ocp/main.tf
@@ -4,7 +4,7 @@
 
 module "resource_group" {
   source  = "terraform-ibm-modules/resource-group/ibm"
-  version = "1.1.6"
+  version = "1.2.0"
   # if an existing resource group is not set (null) create a new one using prefix
   resource_group_name          = var.resource_group == null ? "${var.prefix}-resource-group" : null
   existing_resource_group_name = var.resource_group
@@ -70,7 +70,7 @@ locals {
 
 module "ocp_base" {
   source                              = "terraform-ibm-modules/base-ocp-vpc/ibm"
-  version                             = "3.41.7"
+  version                             = "3.46.8"
   resource_group_id                   = module.resource_group.resource_group_id
   region                              = var.region
   tags                                = var.resource_tags
@@ -96,7 +96,7 @@ data "ibm_container_cluster_config" "cluster_config" {
 
 module "cloud_monitoring" {
   source                  = "terraform-ibm-modules/observability-instances/ibm//modules/cloud_monitoring"
-  version                 = "3.5.0"
+  version                 = "3.5.1"
   instance_name           = "${var.prefix}-cloud-monitoring"
   resource_group_id       = module.resource_group.resource_group_id
   region                  = var.region
diff --git a/tests/resources/main.tf b/tests/resources/main.tf
index 46097071..6094a97a 100644
--- a/tests/resources/main.tf
+++ b/tests/resources/main.tf
@@ -4,7 +4,7 @@
 
 module "resource_group" {
   source  = "terraform-ibm-modules/resource-group/ibm"
-  version = "1.1.6"
+  version = "1.2.0"
   # if an existing resource group is not set (null) create a new one using prefix
   resource_group_name          = var.resource_group == null ? "${var.prefix}-resource-group" : null
   existing_resource_group_name = var.resource_group
@@ -74,7 +74,7 @@ locals {
 
 module "ocp_base" {
   source                              = "terraform-ibm-modules/base-ocp-vpc/ibm"
-  version                             = "3.43.1"
+  version                             = "3.46.8"
   resource_group_id                   = module.resource_group.resource_group_id
   region                              = var.region
   tags                                = var.resource_tags
@@ -94,7 +94,7 @@ module "ocp_base" {
 
 module "cloud_monitoring" {
   source                  = "terraform-ibm-modules/observability-instances/ibm//modules/cloud_monitoring"
-  version                 = "3.5.0"
+  version                 = "3.5.1"
   instance_name           = "${var.prefix}-cloud-monitoring"
   resource_group_id       = module.resource_group.resource_group_id
   region                  = var.region