Performance monitoring is the process of regularly assessing the efficiency and effectiveness of a system, team, or individual. It involves collecting data on various metrics to understand how well objectives are being met. This can include tracking productivity, quality of work, and adherence to deadlines, helping organizations identify areas for improvement. In a business context, performance monitoring often utilizes tools and software to analyze data trends over time. This practice is essential for making informed decisions, optimizing processes, and ensuring that resources are used effectively. By implementing Key Performance Indicators (KPIs), organizations can set clear benchmarks for success.