For Romania, European Integration came with new challenges for the entire society, especially for investment project promoters, including public higher education institutions. Investments in human capital development and education have an important role in a country’s economic development and growth but, in spite of the large number of human resources development public projects being financed, major problems were identified in their implementation process, particularly factors from the macro-economic and institutional environment. Most of the current interest in this area is centered on identifying and analyzing these key factors since their understanding might lead to ensuring an improvement of the implementation process and to a project’s success. In this context, our paper’s objective is to provide a set of critical success factors for HRD projects’ implementation process by developing a framework for external environment factors’ analysis from a public project management perspective. Taking into consideration the current impact of the external environment’ factors upon projects in Romania, in this paper we chose to focus our attention only on the critical success factors of the external socio-economic, institutional, technological and cultural environment, that affect the implementation phase of a project. We started with an analysis of the Romanian context that allowed us to develop a conceptual framework. We then realized a survey on a sample of three Romanian public universities which implemented projects in human capital development by developing and applying a questionnaire to 112 persons involved as management in projects in order to identify the key factors from the external environment that affect a project’s implementation process. Results show that the most significant factors, with a negative impact, are political and economical ones while technological and cultural factors are perceived as factors with a positive influence. Our conclusions have a high informational content and can be useful for those involved in policy making and building institutional capacity in terms of human resources development