In the last decades, there was an increasing need for understanding, recognising and accessing project management competence, which resulted in the development of different project management standards from the second half of the 1990s. These standards prescribed the requirements, which are inevitable for the effective project management performance, so the majority of them connects to certain certification processes. The most important critical remark about them was that they put the required knowledge and skills into the focus and less attention was devoted the personality characteristics and behaviours (Crawford, 2000). The purpose of this academic research paper is to draw comparison among the project management competence approaches in different, wildly known project competency standards. Altogether four standards were involved in the research: (1) the second edition of Project Manager Competency Development (PMCD) Framework (2007) issued by the Project Management Institute’s (PMI), (2) Version 4.0 of the Individual Competence Baseline for Project, Programme & Portfolio Management (2015) issued by the International Project Management Association (IPMA), (3) the Australian Institute of Project Management’s (AIPM) Professional Competency Standards for Project Management (2008), and (4) the Association for Project Management’s (APM) Competence Framework (2008). The paper focuses on the following questions: How do project management standards define project management competencies? What kind of structure do these project management competency standards follow? Which competency levels could be identified in them? What are the similarities in their structure? What are the most important content elements/knowledge areas in these standards? How could we group them? Bearing in mind the different approaches adopted by the different standards, comparison dimensions were identified, based on which differences amongst the approaches in standards could be highlighted. There is a major misunderstanding in practice and in the academy about the definition of project management competence, so this study introduces the different definitions, which could be connected to project management competency, and how do this terms relate to each other. The aim is to get a structured, multidimensional overview of the different project management competence approaches in the standards.