Project performance is measured and analyzed at regular intervals, appropriate events, or exception conditions to identify variances from the project management plan.
The Monitoring and Controlling Process consists of those processes required to track, review, and orchestrate the progress and performance of the project; identify any areas in which changes to the plan are necessary, and initiate the corresponding changes. The Monitoring and Controlling Process also involves:
This continuous monitoring provides the project team insight into the health of the project and identifies any areas requiring additional attention. The Monitoring and Controlling Process not only monitors and controls the work being done within a Process but also monitors and controls the entire project effort. In multiphase projects, the Monitoring and Controlling Process coordinates project phases in order to implement corrective or preventive actions to bring the project into compliance with the project management plan. This review can result in recommended and approved updates to the project management plan. For example, a missed activity finish date may require adjustments and trade-offs between budget and schedule objectives. In order to reduce control overhead, management-by-exception procedures and other techniques can be appropriately considered.