Monitoring and controlling are two of the most important aspects of successful project management. Monitoring refers to proactively tracking progress and performance of projects, while controlling focuses on taking corrective action when needed. At its core, monitoring and controlling is all about staying informed of progress and assessing risks. It involves regularly assessing whether a project is on track and making sure that any changes to the scope, timeline, or budget are documented and tracked. Through monitoring and controlling, effective project managers can ensure that their projects stay on track, on time, and on budget.