Monitoring and Controlling is a crucial phase in project management that ensures a project stays on track. It involves regularly checking the project's progress against the planned objectives, timelines, and budgets. This process helps identify any deviations early, allowing for timely adjustments to keep the project aligned with its goals. During this phase, project managers use various tools and techniques, such as performance metrics and status reports, to assess the project's health. Effective Monitoring and Controlling not only helps in managing risks but also enhances communication among team members, ensuring everyone is informed and engaged throughout the project lifecycle.