LCMF is not a predefined set of solutions, but rather a set of repeatable processes and techniques for analyzing a business situation and developing and implementing the best solution. The discipline of the LCMF ensures that all elements of a problem are effectively addressed thereby ensuring that the intended business value is realized.
The LCMF provides increased visibility into project execution, which results in greater accountability. The LCMF recognizes that delivery success depends on ensuring resources are available before a project starts. Resources include funding, contracts, people, technology, procedures/processes, and infrastructure.