P3OF practice question 1 of 15
Which P3O model features a single permanent office providing strategic planning and portfolio support?
Full set: 75 questionsThe Organization Portfolio Office is a P3O model defined as a single, permanent office established at the corporate level. Its primary purpose is to support senior management's decision-making on strategic matters and to manage the organization's investment portfolio. This model provides a centralized overview of all change initiatives, ensuring they are aligned with strategic objectives and that portfolio-level support, such as strategic planning and dependency management, is consistently applied across the organization.
A. P3O model with Hub Portfolio Offices: This is not a single office model; it consists of a central hub office and multiple satellite (spoke) offices.
C. Virtual Office: This model is not a permanent, physical office but rather a decentralized structure where P3O functions are performed by individuals across the business.
D. Flexible resource pool: This is a function or service that a P3O may provide (managing skilled resources), not a structural P3O model itself.
AXELOS. (2013). Portfolio
Programme and Project Offices (P3O). The Stationery Office.
Section 3.3.1
Organization Portfolio Office: "An Organization Portfolio Office is a single permanent office set up to support senior management to make strategic decisions..." (p. 26).
Section 3.3.2
Hub Portfolio Offices: Describes this model as a central hub with several permanent or temporary spoke P3Os (p. 27).
Section 3.3.3
Virtual P3O: "A virtual P3O model is not a physical office..." (p. 28).
Section 2.3.2
Centre of Excellence Functions: Lists 'Developing and managing a flexible resource pool' as a potential P3O function
not a model (p. 18).
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