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B. (2020a, mayo 22). What Are The Five Elements In The Management​ Process? Coaching Online. Recuperado 22 de marzo de 2022, de https://www.coaching-online.org/what-are-the-five-elements-in-the-management-process/

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Project performance and monitoring ensure that project results align with the management plan. Project managers use key performance indicators (KPIs) to determine if the project is on track, such as:
Project indicators: Indicates if a project is on schedule.
Quality Deliverables: This determines if specific task deliverables are being met.

Effort and Cost Tracking: PMs will account for the effort and cost of resources to see if the budget is on track.

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In order to have a successful project, planning is key. During the planning phase, project managers should organize their teams, set up collaborative resources, and set goals. Vey in tune with the method SMART: Specific, Measurable, Attainable, Realistic, and Time-based.

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In this part of the process, you get to see the project results and the managers tend to evaluate the failures and successes of the project. Here, managers tend to enlist Project Punchlists -for them to evaluate the goals that didn't get to meet-; a final Project Budget, and a Final Project Report.

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Here, you tend to manage the project resources and start to allocate them. Is the part where you start executing the standards you already had given to yourself. You're going to encounter some problems along the way and it's your job to know how to approach them with your decision-making skills.

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Phase 4: Project Performance and Monitoring

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Phase 4: Project Performance and Monitoring

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In this part of the process, you define the goals and create a small business case -the reasoning for the initialization of the task-. A project charter is often used for you to define the scope, objectives, and participants of the project; is the part where you slowly piece together the preparation needed for the project.