The Logical Framework Approach (LFA) is a specific strategic planning methodology that can be used to prepare many different types of projects, including environmental investment projects. The output of LFA is the Logical Framework Matrix (LogFrame). The use of LFA is required by many international financing institutions (such as the World Bank) and is obligatory for projects funded by EU financial assistance programmes. In other words, each project proposal for EU financial assistance must be presented in the form of a LogFrame. The reason for this is that LFA is a very useful methodology for project design and preparation. A properly prepared LogFrame is an easy-to-read summary of the project proposal, describing the key logical links and project parameters.