What is the business value of implementing processes that meet the intent of the practices in the Monitor and Control (MC) practice area?

Implementing processes that align with the intent of the practices in the Monitor and Control (MC) practice area brings significant business value by increasing the probability that performance objectives will be met. This approach focuses on systematically tracking performance against goals, assessing whether the commitments made at the outset of a project are being honored. By establishing a strong monitoring and controlling process, organizations can effectively identify variances from planned performance and take proactive steps to ensure that objectives are realized. This not only enhances the chances of success but also fosters better project predictability and accountability.

While other aspects such as keeping track of schedule dates, taking corrective actions, and comparing actuals to planned estimates are important components of the monitoring and controlling processes, their primary aim is to support the overarching goal of meeting performance objectives. Therefore, the true business value is realized when the practices contribute to a higher likelihood of achieving strategic goals. By focusing on this, organizations can maximize resource utilization, improve stakeholder satisfaction, and ultimately drive better business outcomes.