GroupOnProject is a class in the report.
Look down the structure list on the left and look for GroupOnProject to discover what it is. (Probably a frame.) It could also be in an ROL if your report uses libraires.
set NewContent = new persistent GroupOnProject
Looks like it is dynamically creating a new instance of GroupOnProject and wants that frame as a content frame. (This code appears to be in NewContent() method.)
Persistent keywords says this newly made object will appear in the ROI. (ie: it will be persisyed in the ROI, not just vanish when the method if exitied.)
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