Project Management Maturity Model (PMMM) is a concept that lets Project-Based Organizations assess their project management success. It is basically a matrix that illustrates how a company's project management process evolves over time.

The purpose of Project management maturity model is to provide leadership a guideline of steps they can take to improve. When laid out visually, the PMMM looks like a matrix with five columns across that indicates maturity levels, and 10 rows down to indicate knowledge areas.

PMMM was created based on already existing business models such as the Capability Maturity Model (CMM). In recent times the concept of a project management maturity model has evolved considerably from the software industry. There is the need to understand and measure many variables, manage great complexity, obtain consistent results and achieve stringent delivery targets within budget.

There are total 5 maturity levels of the PMMM they are:

• Level 1: Initial process: In the initial process level the organization operates quite randomly, with low implementation of control tools . In this scenario, it’s difficult to predict any future success, since no one can tell how the organization will behave in a crisis.

Different teams may use different project management processes, resulting in a lack of accountability and cohesion between teams. Initial process is not necessarily a bad stage to be in—all teams have to start somewhere. The main takeaway with this stage is to be aware of the lack of processes and documentation, so you can work with your team to develop them.

• Level 2: Structured process and standards: In structural process and standards level companies implement basic project management practices, but only on an individual project level. This means there is no broad approach regarding PM success, which is likely to depend on key individuals in the organization.

Structured process and standards level is still low when it comes to facing an emergency situation and it’s equally difficult to predict success with any degree of certainty.

• Level 3: Organizational Standards and Institutionalized Process: By being at this level an organization should have a well-defined project management system that is standard throughout the organization.

In this level the organization is prepared to face a crisis as it has the necessary documented procedures that will guide both management and employees towards the steps to take. Furthermore, at organization level it is interested in creating documentation that helps define the relationship between management and employees and between the organization and customers.

Documentation at this stage is very important, and there are set processes and information that clearly notate what standard business processes look like. If a business-critical emergency happens, there are clear contingency plans in place to prevent the business from completely failing.

• Level 4: Managed Process: Managed process level introduces metrics that are used to assess the current level of productivity based on the project management procedures and standards that are in effect. In this way, the management can know, at any time, if a project is destined for success or if there are problems that need to be addressed.

During this stage, management regularly begins monitoring metrics and looking at past performance to make decisions for future projects. And thus in this level, management has a clear understanding of how to achieve project success.

• Level 5: Optimizing Process: At optimizing process level the focus of entrie project tewm is set on optimization. In this level all the procedures are in right place and available at an organizational level, the management is interested in continuously improving project management performance based on their specific experience.