The monitor and control project work process is performed to monitor project processes associated with initiating, planning, executing, and closing. Corrective or preventive actions are taken to control the project performance. Monitoring is an aspect of project management performed throughout the project. Monitoring includes collecting, measuring, and disseminating performance information, and assessing measurements and trends to effect process improvements. Continuous monitoring gives the project management team insight into the health of the project and identifies those areas that can require special attention. The monitor and control project work process is concerned with
■ Comparing actual project performance against the project management plan
■ Assessing performance to determine whether any corrective or preventive actions are indicated and then recommending those actions as necessary
■ Analyzing, tracking, and monitoring project risks to make sure that the risks are identified, their status reported, and that appropriate risk response plans are being executed
■ Maintaining an accurate and timely information base concerning the project's products and their associated documentation through project completion
■ Providing information to support status reporting, progress measurement, and forecasting
■ Monitoring implementation of approved changes as and when they occur
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.