The Hub Portfolio Office model is designed to balance central consistency with local delivery needs. A key success factor for this model is its ability to allow localized application of standards. This is achieved by the central office defining core standards, which are then adapted or 'tailored' by the hub offices (e.g., Programme or Project Offices) to fit the specific context, scale, and complexity of their respective initiatives. This tailoring ensures that standards are relevant and practical at the local level while maintaining alignment with central governance, providing a flexible yet controlled environment.

B. Planning resource capacity at a local level: While resource planning may occur locally, it is a specific P3O function, not the underlying success factor that enables the localized application of standards.

C. Reviewing the Blueprint regularly: Reviewing the P3O Blueprint is a governance activity to ensure the P3O model remains fit for purpose, not the mechanism for applying standards locally.

D. Following a clearly defined business strategy: A clear business strategy is essential for aligning the P3O's purpose, but it does not describe the operational method for adapting standards within a Hub model.

AXELOS. (2013). Portfolio

Programme and Project Offices (P3O). TSO (The Stationery Office).

Section 2.3.1

Page 14: "The model should allow for appropriate levels of tailoring of the corporate standards to suit the scale and complexity of the particular programme or project." This directly supports the concept of tailoring standards.

Section 3.3.3

Page 24: This section describes the Hub Portfolio Office model

highlighting the role of the central office in providing "centrally driven standards" and the hub offices in providing "locally focused services

" which implies the adaptation of those standards for local use.