diff --git a/VERSION b/VERSION
index 8c88236c86..03dba87c43 100644
--- a/VERSION
+++ b/VERSION
@@ -17,7 +17,7 @@
 
 major=3
 minor=0
-release=1
+release=2
 
 # PRRTE required dependency versions.
 # List in x.y.z format.
@@ -89,7 +89,7 @@ date="Nov 24, 2018"
 # Version numbers are described in the Libtool current:revision:age
 # format.
 
-libprrte_so_version=3:1:0
+libprrte_so_version=3:2:0
 
 # "Common" components install standalone libraries that are run-time
 # linked by one or more components.  So they need to be versioned as
diff --git a/docs/news/news-v3.0.rst b/docs/news/news-v3.0.rst
index 8ceafed692..5bb39d2e56 100644
--- a/docs/news/news-v3.0.rst
+++ b/docs/news/news-v3.0.rst
@@ -4,6 +4,11 @@ PRRTE v3.x series
 This file contains all the NEWS updates for the PRRTE v3.0
 series, in reverse chronological order.
 
+3.0.2 -- TBD
+------------
+- PR #: Roll VERSION to v3.0.2
+
+
 3.0.1 -- 27 Sep 2023
 --------------------
 .. important:: This release contains a major revision of the PRRTE