What term describes a group of related programs that support a long-term organizational goal?

The term that describes a group of related programs that support a long-term organizational goal is "Portfolio." In project management, a portfolio consists of multiple projects and programs that are managed and coordinated to achieve specific strategic objectives. Unlike individual projects or programs that focus on particular outcomes or targets, a portfolio aligns with an organization's overarching goals and integrates different initiatives to maximize benefits and minimize risks.

This strategic alignment emphasizes the importance of resource allocation and prioritization among the various projects and programs within the portfolio, ensuring that the organization is effectively moving towards its long-term objectives. Portfolios enable organizations to assess performance, make informed decisions regarding project selection, and optimize the use of organizational resources across various initiatives.