Project Monitoring is the process of tracking the progress and performance of a project to ensure it stays on schedule and within budget. It involves collecting data on various aspects of the project, such as tasks completed, resources used, and any issues that arise. This information helps project managers make informed decisions and adjustments as needed. Effective Project Monitoring also includes regular communication with team members and stakeholders. By sharing updates and addressing concerns promptly, project managers can foster collaboration and keep everyone aligned with the project's goals. This proactive approach helps mitigate risks and enhances the likelihood of project success.