A project management framework is a structured approach that guides the planning, execution, and completion of projects. It includes processes, tools, and techniques that help project managers and teams organize their work effectively. This framework ensures that projects are completed on time, within budget, and meet the desired quality standards. Key components of a project management framework often include project initiation, planning, execution, monitoring and controlling, and closing. By following this framework, organizations can improve collaboration, enhance communication, and increase the likelihood of project success, ultimately leading to better outcomes and satisfied stakeholders.