Use [EnVisage]

UPDATE dbo.[Security] SET SecurityObject = 'AccessToOtherResources' WHERE SecurityObject = 'NonProjectTimeFullAccess'
GO

INSERT INTO dbo.[Security] (PrincipalId, [Read], [Write], SecurityObject) 
	SELECT A.PrincipalId, A.[Read], A.[Write], 'RD_ResourceNonProjectTime' FROM dbo.[Security] A
	WHERE A.SecurityObject = 'AccessToOtherResources' AND
	NOT EXISTS(
		SELECT B.* FROM dbo.[Security] B 
		WHERE (B.PrincipalId = A.PrincipalId) AND (B.SecurityObject = 'RD_ResourceNonProjectTime')
	)
GO