The capacity of emerging contractors (ECs) to enhance their business performance in the construction industry of South Africa has been marred by evidence of poor construction quality, delays in project execution and completion leading to cost overruns, and public frustration with ECs’ structures. These challenges are attributed to poor project management practices and the limited resources capability of most ECs. However, project business requires the use of a project management approach to support successful project outcomes. This study aimed to develop a project management framework (PMF) consisting of a project life cycle, project control cycle, tools, and templates that could improve the business performance of emerging contractors in the South African construction industry. The study draws on an explanatory sequential mixed method research design to achieve the aim of the study. Findings suggest that the PMF could consistently support ECs to define, plan, execute, and close the project they undertake, thereby successfully enhancing project outcomes. This is because the PMF offers a structured approach that supports the project management process in undertaking projects in the construction industry, leading to successful project outcomes. The paper concludes that the proposed PMF can support the drive to improve the business performance of ECs in the construction industry if ECs consider the PMF for their project activities. Thus, there is a need for the proposed PMF to be considered a working document to support the drive to improve the business performance of ECs in South African construction.