According to the PMBOK Guide, a project manager should manage stakeholder expectations and ensure that the project aligns with the organizational strategy and governance framework1. The project manager should also communicate effectively with the PMO and follow the organizational policies and procedures for reporting2. Therefore, the best option is to meet with the project stakeholders and explain the need to comply with the PMO standards and update the status report format accordingly. This way, the project manager can balance the stakeholder needs and preferences with the organizational requirements and expectations. References:
* 1: PMBOK Guide, 6th edition, Chapter 13: Stakeholder Management, p. 513-514
* 2: PMBOK Guide, 6th edition, Chapter 2: The Environment in Which Projects Operate, p. 38-39