A portfolio encompasses a collection of projects, programs, and operational activities that are managed collectively to achieve strategic business objectives. Projects within a portfolio may be unrelated but are grouped to optimize resources and align with the organization's goals. The other options either confuse portfolios with programs, which are groups of related projects, or misrepresent the nature of portfolios and projects.
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What is the difference between a project and a portfolio?
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How do portfolios differ from programs in project management?
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Why is aligning a portfolio with strategic objectives important?