According to PMI terminology, which concept represents a group of related projects managed in a coordinated way so that their combined benefits exceed those achievable if the projects were managed separately?
Project
Program
Operation
Portfolio
A program is a group of related projects managed in a coordinated manner to achieve benefits and control not available from managing them separately. Programs focus on interdependencies between projects to optimize resource utilization and achieve broader objectives. A project is a temporary endeavor undertaken to create a unique product, service, or result, but it does not involve managing multiple projects together. A portfolio is a collection of projects, programs, and operations managed collectively to achieve strategic business objectives, but it is broader in scope and not limited to related projects. An operation involves ongoing, repetitive activities that sustain the business. Therefore, the description best fits a program.
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