The Logical Framework Approach (LFA) is a project management tool used to improve planning, implementation, and evaluation of projects. It helps teams clarify objectives, identify resources, and outline expected outcomes. By using a structured format, LFA ensures that all stakeholders understand the project's goals and how to achieve them. LFA typically involves creating a Logical Framework Matrix, which includes four key components: objectives, indicators, means of verification, and assumptions. This matrix serves as a visual representation of the project, making it easier to track progress and make necessary adjustments throughout the project lifecycle.