This document describes the processes and procedures used by the University of Georgia Project R.O.M.E. (Results Oriented Management in Education) assessment staff during 1974-75 to produce the following products: (1) performance indicators of public school principal competencies initially developed during the 1973-74 project year, (2) a report of the results of a statewide survey utilizing practicing school principal judgments to develop a set of high-priority competency indicators, and (3) a report of the results of field testing the Georgia Principal Assessment System to validate high priority administrator competencies and performance indicators against meaningful school outcome measures. The complete Project Report comprises three volumes. This first volume contains a description of research and development activities related to the above-mentioned products. The second volume contains data appendixes to the report. A third volume contains copies of all the instrumentation utilized in field testing. (Author)