Final answer:
The correct answer is C) Portfolio Management Office (PfMO), which is tasked with overseeing projects and programs as a portfolio of investments to align with an organization's strategic objectives.
Step-by-step explanation:
As part of Portfolio Management Office (PfMO) organizations group and manage projects and programs as a portfolio of investments that contribute to the entire enterprise's success. Each of these offices provides different functions within an organization. A PMO typically focuses on project management standards and methodologies for individual projects, a PgMO oversees a set of related projects known as a program, and an EPMO aligns project and program activities with the organization's strategic objectives. However, the PfMO is responsible for managing and ensuring that the portfolio of projects and programs align with the overall strategic objectives and deliver value to the organization. It does this through prioritizing projects, allocating resources across the portfolio, and tracking performance to ensure that investments yield the expected business benefits.