IMPROVING THE EFFICIENCY OF LOGICAL FRAMEWORK APPROACH AS A PROJECT MONITORING AND EVALUATION INSTRUMENT

The paper focuses on important features of Logical Framework Approach (LFA) due to which the mentioned classical project management tool is lasting for more than 40 years in project management practice, proving to be a more requested instrument than ever by different international financing bodies. The article emphasizes the main elements of building a Logical Framework Matrix (LFM), highlighting its connexions with the process of project monitoring and evaluation. Also, the paper presents the main causes of recurrent failures of the method, and some improvement measures, so that LFA could become more powerful as a project management tool.