Project Monitoring Software
Project Monitoring System tracks and monitors activities and tasks to ensure the highest level of efficiency and effectiveness for your projects.
Project Monitoring System is a tool accessible via web browser which enables monitoring and management of projects within the scope of works and expenditures. It is a tool created for both project managers and people responsible for the management of the entire project portfolio in an organization.
Monitoring and controlling project work is the process of tracking, reviewing, and regulating the progress in order to meet the performance objectives.
Project Monitoring is the process of watching, keeping track of and gathering data about performance.
Monitoring in Project Management
A classical project development includes normally following major stages*:
- Initiation
- Planning
- Production (Execution)
- Monitoring and controlling
- Closing
The most common Project Management Software Tools basically automate the planning stage only. PM-Tool starts where they stop and helps to monitor the project. Both stages (Planing and Monitoring) are very important for the project management and complement one another.
Importance of Project Monitoring
Project Monitoring refers to the process of keeping track of all project-related metrics including team performance and task duration, identifying potential problems and taking corrective actions necessary to ensure that the project is within scope, on budget and meets the specified deadlines
How is project monitoring done?
Project monitoring is defined as a process which is performed to track the progress of project execution so that potential problems can be identified well in time for the taking of the corrective actions for the purpose of controlling the execution of the project.
Steps of Project Monitoring
- Monitor Project Planning Parameters.
- Monitor Commitments.
- Monitor Project Risks.
- Monitor Data Management.
- Monitor Stakeholder Involvement.
- Conduct Progress Reviews.
- Manage Corrective Action to Closure.
Project Monitoring Tools
- Real-Time Dashboards. Know at-a-glance that your projects and your team are on track.
- Gantt Charts. The most powerful, interactive Gantt features, yet simple to use.
- Plans.
- Scheduling.
- Reports.
- Task Lists.
- Timesheets.
- Resource Management.