diff --git a/.github/ISSUE_TEMPLATE/bug_report.md b/.github/ISSUE_TEMPLATE/bug_report.md
index c61f4844..0474363d 100644
--- a/.github/ISSUE_TEMPLATE/bug_report.md
+++ b/.github/ISSUE_TEMPLATE/bug_report.md
@@ -23,7 +23,7 @@ IMP: Please don't mention any credentials or API keys
 **Anything else we need to know?**:
 
 **Environment**:
-- pvsadm version (use `pvsadm version`):
+- pvsadm version (use `pvsadm --version`):
 - Environment - On-Prem or IBM PowerVS:
 - OS (e.g: `cat /etc/os-release`):
 - Kernel (e.g. `uname -a`):
diff --git a/cmd/create/port/port.go b/cmd/create/port/port.go
index 695a3784..4351faad 100644
--- a/cmd/create/port/port.go
+++ b/cmd/create/port/port.go
@@ -36,7 +36,7 @@ var Cmd = &cobra.Command{
 	Short: "Create PowerVS network port",
 	Long:  `Create PowerVS network port`,
 	PreRunE: func(cmd *cobra.Command, args []string) error {
-		return utils.EnsureWorkspaceIDorNameIsSet(pkg.Options.WorkspaceID, pkg.Options.WorkspaceName)
+		return utils.EnsurePrerequisitesAreSet(pkg.Options.APIKey, pkg.Options.WorkspaceID, pkg.Options.WorkspaceName)
 	},
 	RunE: func(cmd *cobra.Command, args []string) error {
 		opt := pkg.Options
diff --git a/cmd/get/events/events.go b/cmd/get/events/events.go
index 3674667c..ae6e1ae9 100644
--- a/cmd/get/events/events.go
+++ b/cmd/get/events/events.go
@@ -34,7 +34,7 @@ var Cmd = &cobra.Command{
 	Short: "Get Powervs events",
 	Long:  `Get the PowerVS events`,
 	PreRunE: func(cmd *cobra.Command, args []string) error {
-		return utils.EnsureWorkspaceIDorNameIsSet(pkg.Options.WorkspaceID, pkg.Options.WorkspaceName)
+		return utils.EnsurePrerequisitesAreSet(pkg.Options.APIKey, pkg.Options.WorkspaceID, pkg.Options.WorkspaceName)
 	},
 	RunE: func(cmd *cobra.Command, args []string) error {
 		opt := pkg.Options
diff --git a/cmd/get/peravailability/peravailability.go b/cmd/get/peravailability/peravailability.go
index 67400a33..a9d06f4e 100644
--- a/cmd/get/peravailability/peravailability.go
+++ b/cmd/get/peravailability/peravailability.go
@@ -32,7 +32,7 @@ var Cmd = &cobra.Command{
 	Short: "List regions that support PER",
 	Long:  "List regions that support Power Edge Router (PER)",
 	PreRunE: func(cmd *cobra.Command, args []string) error {
-		return utils.EnsureWorkspaceIDorNameIsSet(pkg.Options.WorkspaceID, pkg.Options.WorkspaceName)
+		return utils.EnsurePrerequisitesAreSet(pkg.Options.APIKey, pkg.Options.WorkspaceID, pkg.Options.WorkspaceName)
 	},
 	RunE: func(cmd *cobra.Command, args []string) error {
 		var perEnabledRegions []string
diff --git a/cmd/get/ports/ports.go b/cmd/get/ports/ports.go
index 27c7e758..15a04c8e 100644
--- a/cmd/get/ports/ports.go
+++ b/cmd/get/ports/ports.go
@@ -35,7 +35,7 @@ var Cmd = &cobra.Command{
 	Short: "Get PowerVS network ports",
 	Long:  `Get PowerVS network ports`,
 	PreRunE: func(cmd *cobra.Command, args []string) error {
-		return utils.EnsureWorkspaceIDorNameIsSet(pkg.Options.WorkspaceID, pkg.Options.WorkspaceName)
+		return utils.EnsurePrerequisitesAreSet(pkg.Options.APIKey, pkg.Options.WorkspaceID, pkg.Options.WorkspaceName)
 	},
 	RunE: func(cmd *cobra.Command, args []string) error {
 		opt := pkg.Options
diff --git a/cmd/image/import/import.go b/cmd/image/import/import.go
index 84fcc953..7d52052f 100644
--- a/cmd/image/import/import.go
+++ b/cmd/image/import/import.go
@@ -140,22 +140,17 @@ pvsadm image import -n upstream-core-lon04 -b <BUCKETNAME> --object rhel-83-1003
 pvsadm image import -n upstream-core-lon04 -b <BUCKETNAME> --object rhel-83-10032020.ova.gz --pvs-image-name test-image -r <REGION> --public-bucket
 `,
 	PreRunE: func(cmd *cobra.Command, args []string) error {
-		if pkg.ImageCMDOptions.WorkspaceID == "" && pkg.ImageCMDOptions.WorkspaceName == "" {
-			return fmt.Errorf("--workspace-name or --workspace-id required")
-		}
-
 		// ensure that both, the AccessKey and SecretKey are either both set or unset
 		if (len(pkg.ImageCMDOptions.AccessKey) > 0) != (len(pkg.ImageCMDOptions.SecretKey) > 0) {
 			return fmt.Errorf("required both --accesskey and --secretkey values")
 		}
-		return nil
+		return utils.EnsurePrerequisitesAreSet(pkg.Options.APIKey, pkg.ImageCMDOptions.WorkspaceID, pkg.ImageCMDOptions.WorkspaceName)
 	},
 
 	RunE: func(cmd *cobra.Command, args []string) error {
 		opt := pkg.ImageCMDOptions
-		apikey := pkg.Options.APIKey
 
-		pvsClient, err := client.NewClientWithEnv(apikey, pkg.Options.Environment, pkg.Options.Debug)
+		pvsClient, err := client.NewClientWithEnv(pkg.Options.APIKey, pkg.Options.Environment, pkg.Options.Debug)
 		if err != nil {
 			return err
 		}
diff --git a/cmd/purge/purge.go b/cmd/purge/purge.go
index 50bb983c..1820f521 100644
--- a/cmd/purge/purge.go
+++ b/cmd/purge/purge.go
@@ -85,7 +85,8 @@ Examples:
 		if pkg.Options.Since != 0 && pkg.Options.Before != 0 {
 			return fmt.Errorf("--since and --before options can not be set at a time")
 		}
-		return utils.EnsureWorkspaceIDorNameIsSet(pkg.Options.WorkspaceID, pkg.Options.WorkspaceName)
+
+		return utils.EnsurePrerequisitesAreSet(pkg.Options.APIKey, pkg.Options.WorkspaceID, pkg.Options.WorkspaceName)
 	},
 }
 
diff --git a/cmd/root.go b/cmd/root.go
index a341c45b..4cf059a0 100644
--- a/cmd/root.go
+++ b/cmd/root.go
@@ -18,6 +18,7 @@ import (
 	goflag "flag"
 	"fmt"
 	"os"
+	"runtime"
 	"strings"
 
 	"github.com/spf13/cobra"
@@ -31,15 +32,17 @@ import (
 	"github.com/ppc64le-cloud/pvsadm/cmd/get"
 	"github.com/ppc64le-cloud/pvsadm/cmd/image"
 	"github.com/ppc64le-cloud/pvsadm/cmd/purge"
-	"github.com/ppc64le-cloud/pvsadm/cmd/version"
+	versioncmd "github.com/ppc64le-cloud/pvsadm/cmd/version"
 	"github.com/ppc64le-cloud/pvsadm/pkg"
 	"github.com/ppc64le-cloud/pvsadm/pkg/audit"
 	"github.com/ppc64le-cloud/pvsadm/pkg/client"
+	"github.com/ppc64le-cloud/pvsadm/pkg/version"
 )
 
 var rootCmd = &cobra.Command{
-	Use:   "pvsadm",
-	Short: "pvsadm is a command line tool for managing IBM Cloud PowerVS infrastructure",
+	Use:     "pvsadm",
+	Version: version.Version + " " + fmt.Sprintf("GoVersion: %s\n", runtime.Version()),
+	Short:   "pvsadm is a command line tool for managing IBM Cloud PowerVS infrastructure",
 	Long: `Power Systems Virtual Server projects deliver flexible compute capacity for Power Systems workloads.
 Integrated with the IBM Cloud platform for on-demand provisioning.
 
@@ -65,11 +68,6 @@ This is a tool built for the Power Systems Virtual Server helps managing and mai
 			os.Setenv("IBMCLOUD_APIKEY", pkg.Options.APIKey)
 		}
 
-		// If the API-key is still unset, it's highly likely that the API key was neither set through the environment variable nor the flag.
-		if pkg.Options.APIKey == "" {
-			return fmt.Errorf("api-key can't be empty, pass the token via --api-key or set IBMCLOUD_APIKEY environment variable")
-		}
-
 		if _, err := client.GetEnvironment(pkg.Options.Environment); err != nil {
 			return fmt.Errorf("invalid \"%s\" IBM Cloud Environment passed, valid values are: %s", pkg.Options.Environment, strings.Join(client.ListEnvironments(), ", "))
 		}
@@ -82,6 +80,7 @@ func init() {
 	klog.InitFlags(nil)
 	flag.CommandLine.AddGoFlagSet(goflag.CommandLine)
 
+	rootCmd.SetVersionTemplate(`Version: {{.Version}}`)
 	rootCmd.AddGroup(&cobra.Group{ID: "resource", Title: "Resource Management Commands:"})
 	rootCmd.AddGroup(&cobra.Group{ID: "dhcp", Title: "DHCP Commands:"})
 	rootCmd.AddGroup(&cobra.Group{ID: "image", Title: "Image Commands:"})
@@ -90,7 +89,8 @@ func init() {
 	rootCmd.SetCompletionCommandGroupID("admin")
 	rootCmd.AddCommand(purge.Cmd)
 	rootCmd.AddCommand(get.Cmd)
-	rootCmd.AddCommand(version.Cmd)
+	// TODO : Remove the version command in a future release.
+	rootCmd.AddCommand(versioncmd.Cmd)
 	rootCmd.AddCommand(image.Cmd)
 	rootCmd.AddCommand(create.Cmd)
 	rootCmd.AddCommand(deletecmd.Cmd)
diff --git a/cmd/version/version.go b/cmd/version/version.go
index f51d7bb1..4c8eca47 100644
--- a/cmd/version/version.go
+++ b/cmd/version/version.go
@@ -24,9 +24,10 @@ import (
 )
 
 var Cmd = &cobra.Command{
-	Use:     "version",
-	Short:   "Print the version number",
-	GroupID: "admin",
+	Use:        "version",
+	Short:      "Print the version number",
+	Deprecated: "Please use pvsadm --version instead.",
+	GroupID:    "admin",
 	Run: func(cmd *cobra.Command, args []string) {
 		fmt.Printf("Version: %s, GoVersion: %s\n", version.Get(), runtime.Version())
 	},
diff --git a/get.sh b/get.sh
index 604bef42..b8f53f9d 100755
--- a/get.sh
+++ b/get.sh
@@ -75,6 +75,7 @@ function install_pvsadm() {
 
     if command -v "pvsadm" &> /dev/null; then
         echo "pvsadm is already installed!"
+        # TODO: move to pvsadm --version for future releases.
         pvsadm version
         exit 1
     fi
@@ -91,7 +92,7 @@ function install_pvsadm() {
     fi
 
     chmod +x /usr/local/bin/pvsadm
-    pvsadm version
+    pvsadm --version
 }
 
 function run (){
diff --git a/pkg/utils/utils.go b/pkg/utils/utils.go
index c8a939b0..94c28ecc 100644
--- a/pkg/utils/utils.go
+++ b/pkg/utils/utils.go
@@ -37,7 +37,12 @@ func Contains(s []string, e string) bool {
 	return false
 }
 
-func EnsureWorkspaceIDorNameIsSet(workspaceID, workspaceName string) error {
+// Ensure that either the workspaceID or the workspaceName is set, along with the API Key.
+func EnsurePrerequisitesAreSet(apiKey, workspaceID, workspaceName string) error {
+	if apiKey == "" {
+		return fmt.Errorf("api-key can't be empty, pass the token via --api-key or set IBMCLOUD_APIKEY environment variable")
+	}
+
 	if workspaceID == "" && workspaceName == "" {
 		return fmt.Errorf("--workspace-id or --workspace-name required")
 	}