Which of the following refers to the 'one version of the truth' technique?

Question

Options

• AReferring variances beyond control limit from plan to the portfolio governance body
• BReporting via a documented route and schedule
• CSpecifying points at which reviews of initiatives are linked to funding release
• DDeriving forecasts of costs, duration and benefits of an initiative from similar previous projects

• A
  3% (1)
• B
  94% (29)
• D
  3% (1)

Explanation

Option B is correct because "one version of the truth" means all stakeholders receive the same information from a single, consistent source - achieved by establishing a formal, documented reporting route and schedule. This prevents different groups from working from conflicting or out-of-date data, ensuring everyone sees identical status information at the same time.

Option A describes exception reporting or escalation (referring variances to governance), which is about how problems are handled, not about information consistency. Option C describes investment decision points or stage gates, where funding is tied to review milestones - a governance mechanism, not a reporting integrity concept. Option D describes analogous estimating, a forecasting technique using historical data from similar projects.

Memory tip: Think of "one version of the truth" as a single newspaper that everyone reads on the same day - a documented route (the delivery channel) and schedule (the publication date) ensures nobody is reading a different edition.

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