Final answer:
The Policy Manager is a tool that centralizes governance assets, manages data policies, handles issues, and maintains organizational rules.
Step-by-step explanation:
The Policy Manager serves as a pivotal tool within an organization, ensuring that governance assets are centrally accessible, thereby streamlining the process of managing various policies. Functions of the Policy Manager include the ability to create, review, and update data policies, effectively handle issue management, and maintain a repository of easily identifiable logic and rules that govern the organization's procedures and compliance measures.