As usual we lookin layman term first before PMBOK 3, the Monitoring & Controlling process group helps to track the project progress with the purpose of ensuring project is on track to meet the project objectives, identify issues & problems, find resolutions to sort out the identified issues & issues, tracks project schedule, status, cost.
PMBOK 3 definition as follows.
The Monitoring & Controlling process group is where project performance measurements are taken, analysed and determine the project progress is align with the project plan. This will assist to identify the issues & problems and take corrective actions to meet the project objectives. While taking corrective actions, the PM may re-visit to the earlier process groups such as planning, executing.
The objectives of the Monitoring & Controlling the Project domain are as follows:
1. Measure Project Performance.
2. Verify and Manage Changes to the Project
3. Ensure Project Deliverables Conform to Quality Standards
4. Monitor all Risks
Knowledge Areas & Processes
|Integration||1. Monitor and control Project Work|
|2. Integrated Change Control|
|Scope||1. Scope Verification|
|2. Scope Control|
|Time||1. Schedule Control|
|Cost||1. Cost Control|
|Quality||1. Perform Quality Control|
|1. Manage Project Team|
|Communication||1. Performance Reporting|
|2. Manage Stakeholders|
|Risk||1. Risk Monitoring and Control|
|Procurement||1. Contract Administration|
-Posted by Dhana