Identify the one statement that best describes the relationship between programs, project, and portfolios?
A program is the over-arching [controlling] program within which everything else functions [projects, portfolios, etc].
A project could be part of several programs, but only part of one portfolio.
A portfolio is the aggregation of one or more programs which consists of one or more projects.
A program could be part of several portfolios, but each program would only contain one project.