This document discusses current thinking and research on projects and their management, particularly in regard to performance variables. Part one defines project management, discusses its relation to education and considers the need for a conceptual framework. Part two focuses on the purpose, assumptions, components, and external environment of a conceptual framework. Part three describes current research findings. The summary of the document states that the studies cited in part indicate that research is available regarding the relationship between components and dimensions of a conceptual framework for project management. A list of references is included. (Author/JS)