Which best represents what OPM3 stands for?
  1. An organization’s Project Management status relative to other organizations
  2. The third component of the “Triple Constraint” concept
  3. A type of software used by the PMO
  4. A model which organizations can use to gauge their knowledge level of Project Management
  5. A repository of project management knowledge
Explanation
Answer: d - OPM3 is a model against which organizations can measure their knowledge of Project Management. It doesn’t have anything to do with measuring an organization relative to other organizations, nor is it a type of software used by a Project Management Office.

Lastly, it’s also not a component of the “Triple Constraint” concept (which originally only had scope, cost, and time; and which now includes risk, quality and customer satisfaction).

Key Take Away: Good project managers often rise to position where they get to oversee project management processes across the organization. Maturity models are useful guiding and advancing organizations towards being more effective.
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