A collection of projects and programs managed together to achieve strategic objectives is known as a:
A portfolio groups projects, programmes and related work under one umbrella so they can be managed collectively against strategic objectives. This directly satisfies the stem's requirement for coordinated management achieving strategy, distinguishing it from a single project or programme, which deliver narrower outputs or outcomes rather than enterprise-level alignment.
Why this answer
A portfolio is a collection of projects, programs, and operational work managed together to achieve strategic organizational objectives. Portfolios align with strategic goals and prioritize resource allocation across the entire collection. This is the standard PMI definition and the correct answer.
Exam trap
PK0-005 often tests the hierarchy of portfolio vs program vs project, and candidates confuse program (related projects) with portfolio (strategic collection of projects, programs, and operations).
How to eliminate wrong answers
Option A is wrong because operations are ongoing, repetitive activities that sustain the business, not a collection of projects and programs managed for strategic objectives. Option B is wrong because a project is a temporary endeavor with a defined start and end, producing a unique product or service, not a collection of projects. Option C is wrong because a program is a group of related projects managed in a coordinated way to obtain benefits not available from managing them individually; a portfolio is broader and includes programs plus other work.