Hi Richard,
If you are asking how to change the name of your vm in the Parallels menu of Vm's under Parallels 11 Pro, Yes there is
Select the vm in question but do not turn it on>on the Parallels top Menu select Action>Configure...>This will bring up a pop-up box>
select General> You can change the name you have given the vm here and/or the name with the icon to change the name >just enter the name in the NAME: area
to change the Name with Icon> click or hover over the name icon area a drop down menu will appear, then select the type of vm you wish listed.