Final answer:
The statement is false; a PMO with a weather station model plays a proactive role in risk management and strategic guidance, not just tracking and monitoring projects.
Step-by-step explanation:
The statement that the weather station model of the project management office (PMO) uses the PMO as only a tracking and monitoring device is False. The weather station model is one of the many metaphors used to describe the functions of a PMO. This particular metaphor emphasizes the PMO’s role in sensing changes in the project environment, in the same way that a weather station detects changes in the weather. As such, a PMO in the capacity of a weather station does not simply track and monitor projects, it also analyzes project data to forecast potential issues, provides early warnings about risks, and helps in strategic decision making. Therefore, the PMO's role extends beyond just tracking and monitoring; it plays a proactive part in risk management and strategic guidance.