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NEW QUESTION: 1
The Portfolio Management Office plays an integral role in Portfolio Management and offers support to the portfolio manager throughout the portfolio life cycle. What is the role of the PMO with respect to the portfolio performance metrics?
A. PMO should be prepared to develop new metrics when appropriate and delete or change metrics that are no longer relevant
B. The Portfolio Manager develops and updates the portfolio metrics and the PMO approves them
C. PMO does not have a role in the development or update of performance metrics; it should only offer support to Portfolio Manager with the needed templates to develop metrics
D. PMO should work hand in hand with the governance board to approve the performance metrics
The portfolio management office should be prepared to develop new metrics when appropriate and delete or change metrics that are no longer relevant to the stakeholders or that no longer support the organizational strategy and objectives. Approving the metrics is the responsibility of the governance board.