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Microsoft provides you three options, called update channels, to control how often Office 365 Pro Plus is updated with new features. Visio Online Plan 2 (previously named Visio Pro for Office 365) Project Online Desktop Client Office 365 Business, which is the version of Office that comes with some Office 365 plans, such as Business Premium.
In the four months prior to a new Semi-Annual Channel feature release, Microsoft provides builds of the upcoming release so that pilot users and application compatibility testers in your organization can work with the upcoming release.
These builds are provided through the Semi-Annual Channel (Targeted) update channel and provide the same features and functionality that will be in the next release of Semi-Annual Channel that includes new features.
One of the benefits of Office 365 Pro Plus is that Microsoft can provide new features for Office apps on a regular basis, through monthly updates.
However, as the admin who deploys Office 365 Pro Plus to the users in your organization, you might want to have more control over how often your users get these new features.
The March and September feature releases for Semi-Annual Channel (Targeted) also include security and non-security updates that have been released previously in Monthly Channel.