diff --git a/samples/boards/stm32/power_mgmt/adc/prj.conf b/samples/boards/stm32/power_mgmt/adc/prj.conf
index c5359fe0238..6c9650f1dfb 100644
--- a/samples/boards/stm32/power_mgmt/adc/prj.conf
+++ b/samples/boards/stm32/power_mgmt/adc/prj.conf
@@ -1,6 +1,6 @@
 CONFIG_PM=y
 CONFIG_PM_DEVICE=y
 CONFIG_PM_DEVICE_RUNTIME=y
-CONFIG_PM_DEVICE_RUNTIME_EXCLUSIVE=n
+CONFIG_PM_DEVICE_SYSTEM_MANAGED=y
 CONFIG_ADC=y
 #CONFIG_DEBUG=y
diff --git a/samples/boards/stm32/power_mgmt/blinky/prj.conf b/samples/boards/stm32/power_mgmt/blinky/prj.conf
index fa60e82b4f0..6888f24a03f 100644
--- a/samples/boards/stm32/power_mgmt/blinky/prj.conf
+++ b/samples/boards/stm32/power_mgmt/blinky/prj.conf
@@ -1,5 +1,5 @@
 CONFIG_PM=y
 CONFIG_PM_DEVICE=y
 CONFIG_PM_DEVICE_RUNTIME=y
-CONFIG_PM_DEVICE_RUNTIME_EXCLUSIVE=n
+CONFIG_PM_DEVICE_SYSTEM_MANAGED=y
 CONFIG_ASSERT=y
diff --git a/samples/boards/stm32/power_mgmt/serial_wakeup/prj.conf b/samples/boards/stm32/power_mgmt/serial_wakeup/prj.conf
index ca1e6cf73a9..526010f5d16 100644
--- a/samples/boards/stm32/power_mgmt/serial_wakeup/prj.conf
+++ b/samples/boards/stm32/power_mgmt/serial_wakeup/prj.conf
@@ -1,7 +1,7 @@
 CONFIG_PM=y
 CONFIG_PM_DEVICE=y
 CONFIG_PM_DEVICE_RUNTIME=y
-CONFIG_PM_DEVICE_RUNTIME_EXCLUSIVE=y
+CONFIG_PM_DEVICE_SYSTEM_MANAGED=n
 
 CONFIG_SHELL=y
 
diff --git a/samples/boards/stm32/power_mgmt/suspend_to_ram/prj.conf b/samples/boards/stm32/power_mgmt/suspend_to_ram/prj.conf
index 78963168c5a..ce43f3f936f 100644
--- a/samples/boards/stm32/power_mgmt/suspend_to_ram/prj.conf
+++ b/samples/boards/stm32/power_mgmt/suspend_to_ram/prj.conf
@@ -1,7 +1,7 @@
 CONFIG_PM=y
 CONFIG_PM_DEVICE=y
 CONFIG_PM_DEVICE_RUNTIME=y
-CONFIG_PM_DEVICE_RUNTIME_EXCLUSIVE=n
+CONFIG_PM_DEVICE_SYSTEM_MANAGED=y
 CONFIG_PM_S2RAM=y
 CONFIG_ADC=y
 CONFIG_ENTROPY_GENERATOR=y
diff --git a/tests/subsys/pm/power_mgmt/prj.conf b/tests/subsys/pm/power_mgmt/prj.conf
index 81edc8f7e26..8c6a19ef3af 100644
--- a/tests/subsys/pm/power_mgmt/prj.conf
+++ b/tests/subsys/pm/power_mgmt/prj.conf
@@ -4,4 +4,4 @@ CONFIG_PM_DEVICE=y
 CONFIG_PM_DEVICE_RUNTIME=y
 CONFIG_PM_POLICY_CUSTOM=y
 CONFIG_MP_MAX_NUM_CPUS=1
-CONFIG_PM_DEVICE_RUNTIME_EXCLUSIVE=n
+CONFIG_PM_DEVICE_SYSTEM_MANAGED=y