Importance of project monitoring, evaluation and control
Posted: Sat Apr 19, 2025 6:23 am
Companies waste an average of 9.9% of the money invested in each project due to poor performance. However, project monitoring, evaluation, and control are three parts of the same tool. Together, they improve the overall effectiveness of a project. For example, project monitoring helps detect and resolve problems before it's too late.
Thus, it is clear how this stage of project monitoring, as well as its sub-stages, can benefit the entire project and lead to better results. In summary, project monitoring, evaluation, and control are essential aspects of project management for several reasons:
They help to better guarantee the success of a project by verifying that the project stays on the right course and achieves the expected objectives and results,
They help identify problems earlier, so project managers can develop plans to address and correct them,
They optimize resources by ensuring that they are always used efficiently,
They encourage accountability within dominican republic phone number lead teams by specifying everyone's tasks and responsibilities,
They enable project managers to identify project deviations and gaps more quickly before they escalate into larger issues.
To start
Best practices for project monitoring, control and evaluation
Now that we have a better idea of what project tracking involves, it's time to implement your own project tracking process, keeping in mind some best practices. Every team and company's project tracking process is different. However, if you follow these project tracking tips, you can ensure the long-term success of your project.
Set expectations from the start
From the very beginning of your project, it's important to clearly define your project objectives. Also, communicate specific expectations regarding your team and your collaborators. Next, ensure each collaborator knows how to effectively communicate updates or any obstacles encountered. This will ensure the project monitoring process runs smoothly.
Use project tracking tools
It's obviously recommended to use project management tools throughout a project's lifecycle. However, it's during the project tracking process that they're particularly useful. A comprehensive project tracking tool like monday.com helps streamline your work processes efficiently. It allows you to quickly collect data and feedback or produce accurate activity reports on performance and collected data. In addition, you can easily visualize your team's workloads. This makes it easy to assess the project's progress and what needs to be changed or corrected.
Thus, it is clear how this stage of project monitoring, as well as its sub-stages, can benefit the entire project and lead to better results. In summary, project monitoring, evaluation, and control are essential aspects of project management for several reasons:
They help to better guarantee the success of a project by verifying that the project stays on the right course and achieves the expected objectives and results,
They help identify problems earlier, so project managers can develop plans to address and correct them,
They optimize resources by ensuring that they are always used efficiently,
They encourage accountability within dominican republic phone number lead teams by specifying everyone's tasks and responsibilities,
They enable project managers to identify project deviations and gaps more quickly before they escalate into larger issues.
To start
Best practices for project monitoring, control and evaluation
Now that we have a better idea of what project tracking involves, it's time to implement your own project tracking process, keeping in mind some best practices. Every team and company's project tracking process is different. However, if you follow these project tracking tips, you can ensure the long-term success of your project.
Set expectations from the start
From the very beginning of your project, it's important to clearly define your project objectives. Also, communicate specific expectations regarding your team and your collaborators. Next, ensure each collaborator knows how to effectively communicate updates or any obstacles encountered. This will ensure the project monitoring process runs smoothly.
Use project tracking tools
It's obviously recommended to use project management tools throughout a project's lifecycle. However, it's during the project tracking process that they're particularly useful. A comprehensive project tracking tool like monday.com helps streamline your work processes efficiently. It allows you to quickly collect data and feedback or produce accurate activity reports on performance and collected data. In addition, you can easily visualize your team's workloads. This makes it easy to assess the project's progress and what needs to be changed or corrected.