What parent object can have child objects in a project management context?

In the context of project management, a portfolio serves as a parent object that can encompass multiple child objects, such as projects and programs. A portfolio is designed to group and manage related projects and initiatives, which allows organizations to align their projects with broader business objectives and strategies.

Projects, which are key operational units, can house various tasks, issues, and resources related to specific objectives. However, the hierarchy starts at the portfolio level, making it the primary entity that can contain multiple projects beneath it, thereby facilitating oversight at a strategic level.

Understanding this hierarchical structure is critical in project management, as it aids in effectively organizing work, allocating resources, and tracking progress within a larger framework that ultimately contributes to the organization's goals.