This document outlines an approach called Performance-Based Project Management (PBPM) that aims to increase the probability of project success. It discusses 5 key principles: defining what success looks like, planning the work, ensuring adequate resources, identifying progress impediments, and measuring progress. It then describes 5 processes for implementing PBPM: organizing the work, budgeting and scheduling, project accounting, performance analysis, and change control. Finally, it maps PBPM to the knowledge areas and process groups of the Project Management Body of Knowledge (PMBOK).