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monitoring is the constant reviewing of project progress against the schedule budget and scope reporting on the other hand is the interpretation and communication of this information to the wider project team but what does consistent monitoring involve it includes tracking costs and recording actuals marking key tasks and milestones as complete in particular those that make up the critical path making sure the work being completed is of a high standard and to scope reviewing risks and opportunities and recording any agreed changes to the original scope of work reporting on all this information might include creating summary documents showing when key activities took place providing written feedback of progress against schedule dates including any changes to costs or timelines writing project status reports including any recovery actions needed to get the project back on track or highlighting any risks or issues done well monitoring and reporting allow you to make corrections as needed