Can we use lift and shift method for migrating objects from Cognos version 7 to Cognos 10.1.1 (objects with extensions IMR, PPR, IQD's, VIZ, MDC, PYI)?

Migration from ver 7 to 10.xx is not a simple Lift and Shift process

Yes

Argument

When you migrate your applications, the following strategies are available

• Lift and Shift

  Move batches of BI content from IBM Cognos Series7 to IBM Cognos BI to reproduce the corresponding application in IBM Cognos BI.