Final answer:
The Project Management Institute (PMI) is recognized worldwide for setting project management standards, providing certifications like PMP, and publishing the PMBOK Guide.
Step-by-step explanation:
The organization recognized worldwide for setting project management standards is B. PMI, which stands for the Project Management Institute. PMI is a non-profit professional organization for project management professionals. They provide certifications such as Project Management Professional (PMP), publish the PMBOK (Project Management Body of Knowledge), which is a set of standard terminology and guidelines for project management, and set the industry standard for best practices in project management. The PMP certification, for instance, is an internationally recognized professional designation offered by PMI.