Question

A(n) _____ is "a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually."

A) Portfolio
B) Initiative
C) Program
D) Enterprise

Answer 1

The correct answer is 'Program', which refers to the management of a group of related projects in a coordinated manner to achieve benefits not possible if managed separately.

Step-by-step explanation:

A program is defined as "a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually." In project management, this concept is crucial as it allows organizations to align multiple projects towards a common goal or strategy. By managing these projects collectively, the organization can ensure more effective resource utilization, risk management, and achievement of strategic objectives.