An important development in project management in recent years has been the emergence of a new class of projects, in areas such as organisational change and IT, integrated business solutions, and long-term public service delivery. Often referred to as ‘business projects’, this new class of projects (and programmes) reflects a growing conceptual shift away from the traditional engineering view of projects, towards a more business-oriented view, in which the primary concern is no longer the capital asset, system or facility etc, but increasingly the challenge of implementing business strategy, improving organisational effectiveness, and managing the realisation of stakeholder benefits. Drawing on recent research from the UK Government-funded Rethinking Project Management Network, this paper argues that future research in this area needs to look beyond the mainstream literature on project management, to other relevant disciplines such as strategic management, operations management, and the management of change. Against this background, the authors present four conceptual perspectives from the management literature, which can be usefully applied to business projects. They represent exploratory contributions from four participants in the Network – a special collaboration between researchers – whose ideas and perspectives were either discussed at the Network meetings, or are the subject of research elsewhere. Collectively, the four contributions represent an exploratory discussion of different theoretical perspectives, in order to inform and stimulate other researchers and practitioners working in the field.