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Tracking And Monitoring In Project Management

oboloo Glossary

Tracking And Monitoring In Project Management

Tracking and Monitoring in Project Management is a systematic process of analyzing project progress, performance, and resources for any given project. It involves identifying, measuring, and communicating measurable objectives, milestones, risks, costs, and timelines; comparing actual performance with planned performance; and taking necessary corrective action to ensure the success of the project. The goal is to ensure that the project is on track and to maximize the effectiveness of all stakeholders involved. Tracking and Monitoring in Project Management provides visibility into the current project activities, which helps avoid costly missteps and delays. It is essential for managing projects efficiently and effectively by providing greater insight into where you stand at any point in time and what actions need to be taken to meet deadlines.

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