If you would like to change the wording of a question in an active cycle, you would need to do so through the template level. Navigate to 'Reviews' > 'Templates' > click 'Manage template' next to the wanted template > 'Questions'. Once saved, these changes to the question will affect all cycles created with that template. If changing the wording will change the question's meaning, please create a new question in the template instead. If you create a new question, this new question will not be added to all the past and present cycles created from the template and will only affect future cycles. Therefore, the only changes you can make to questions in an active cycle are correcting spelling or clarifying the question.
If you want to make changes to the competencies, team assignments, or levels during an ongoing cycle and you would like these to be reflected in an ongoing cycle, you can easily do this by navigating into the 'Reviews' > 'Cycles' > 'Questions' and clicking on 'Update competency assignments based on current teams & roles'.