Project management provides organizations with the knowledge, skills, tools and techniques to help plan and execute projects on time and on budget. According to the PMBOK® Guide, project management is accomplished through the use of Process Groups, such as Initiating, Planning, Executing, Controlling and Closing. With increasing competition within all industries and professions, organizations worldwide are embracing project management as a way to successfully complete projects and achieve organizational goals. Organizational project management focuses on the clear correlation between an organization’s capabilities in the management of projects, programs and portfolios and its effective strategy, which directly impacts its financial results. The degree to which an organization practices this type of project management is referred to as its organizational project management maturity. Our Developed tool OPM3 an Evaluation & Audit Assessment for Project Management Effectiveness and Measuring the Maturity of Project Management implemented in the Organizations .