What is the significance of project monitoring?

Project monitoring plays a crucial role in ensuring that the project remains on track with its established timelines and plans. By continuously tracking progress, project managers can identify any discrepancies between the actual performance and the planned performance. This allows them to make informed decisions and adjustments as necessary to mitigate risks and address issues promptly.

Effective monitoring involves regularly evaluating various aspects of the project, such as deliverables, budget, resource allocation, and overall progress. This proactive approach ensures that the project adheres to its schedule and objectives, leading to successful completion within the intended timeframe and budget. Thus, choice B highlights the importance of maintaining alignment with project goals through consistent monitoring, making it the correct choice in this context.