In the last forty years, the Logical Framework Approach (LFA) has been used as a model for the planning, implementation and evaluation of development projects by bilateral and multilateral agencies, governmental and nongovernmental organizations. Conducting projects with the support of the approach provided subsidies for the evolution of the original concept, branching into new models and tools, but its main instrument, the Logical Framework, remained running, despite some little changes. During its period of greatest development, the 1990s, some strong criticism questioned the effectiveness of the method, but failed to affect its use, since the number of users continued to grow. The criticisms served to reflection. With the creation and evolution of other project management tools, it was possible to assimilate the use of components of these models, in conjunction with the LFA, providing improvements in its use, and making it more consistent. The purpose of this study was, after contrasting the characteristics of business projects and development projects, and considering the wide use of the Project Management Body of Knowledge (PMBOK) in the Americas, to evaluate the potential contributions that this set of tools can provide to the LFA, directly addressing its weaknesses and drawbacks and demonstrating the ways in which PMBOK can help to reduce its vulnerabilities.