Yes, admins need to do it.
Jira 3 came out around 15 years ago, shortly after I got into Atlassian work. Portfolio 3 is nowhere near that old, but has been around for months.
But, Portfolio for Cloud and Portfolio for Server have diverged, as Cloud has diverged from Server.
I don't know how to say this differently.
Portfolio for Jira is installed by Atlassian and is maintained at "the latest available version Atlassian wants to support" on Cloud
Therefore, it will be ugraded when they have a new version ready to be installed on Cloud.
You're in the right place, but we can't answer your question.
You have chosen to use Cloud, where you buy a service from Atlassian. There are some plans to give Enterprise Cloud customers a slightly more fixed platform, but at the moment, and for most of us, you get whatever they are prepared to support, installed when they are happy to do it.
Atlassian does not give out fixed release dates, they release when it is ready. Both Server and Cloud versions. More importantly, they don't hand out any details about where they are going. You can ask them if you might get a certain feature, and you might get a "yes, this date", but generally, you won't get anything back at all. You can look into JaC to see if they've got something logged and have not yet said "no", and if you keep up with their news and blogging, you can generally get a feel for the general direction, but you'll never get an answer to "when will X happen". If you're lucky, you might get a "yes we are planning to do that", but I'm afraid your question is probably one where you should be asking "Am I going to get this?", not "When".
I should also emphasise that Cloud is not Server or DC. They are different products and are diverging. There are things going into DC that will never go to Cloud and there are things in Cloud that DC will never get.
To see this feature in action check out our recent dependencies demo here: https://www.youtube.com/watch?v=eQu5VsUqyZA Keeping on top of your dependencies is a key part of ensuring project success....
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