Today the PowerShell team announced the release of version 5.1 of the Windows Management Framework, for most people better known as PowerShell 5.1. While Windows Server 2016 already contained WMF 5.1 when the product was released, the download released today allows administrator to install WMF 5.1 on older operating systems such as Windows Server 2008 R2, 2012 and 2012 R2.
This is a reminder that currently no version of Exchange Server supports a newer version of WMF than the version that was released with the operating system. As always when it comes to supportability questions, the Exchange Server Supportability Matrix is a valuable resource.
Strictly speaking the same limitation applies to a remote management computer too, but I am not aware of any issues with running a newer version of Remote PowerShell against Exchange on an operating system with an older version of WMF. But be aware of the supportability limitations around WMF and PowerShell.
Thanks Niklas, for pointing out that Server 2016 was released with WMF 5.1, not 5.0 as I wrote initially.