Which statements about the Portfolio Office (headed by the Portfolio Manager) are true? 1. It helps to ensure that a consistent approach is applied across the portfolio 2. It prepares the Portfolio St

Question

Options

• A1, 2, 3
• B1, 2, 4
• C1, 3, 4
• D2, 3, 4

• B
  91% (20)
• C
  5% (1)
• D
  5% (1)

Explanation

Option B (1, 2, 4) is correct because the Portfolio Office is a permanent, standing function that ensures consistency across the portfolio (statement 1), prepares key strategic documents like the Portfolio Strategy and Delivery Plan (statement 2), and provides assurance to senior management on the effectiveness of change delivery (statement 4).

Statement 3 is the distractor and is false - describing the Portfolio Office as a "temporary structure" confuses it with a Programme or Project Office, which are set up for the duration of a specific initiative and then disbanded. The Portfolio Office is an enduring organizational function that exists as long as the portfolio exists.

Memory tip: Think of the Portfolio Office as the permanent home base for portfolio governance - it owns consistency, planning, and assurance. If a structure is temporary, it belongs to a programme or project, not the portfolio level.

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