Guide to Performance Monitoring in Virtual Team Management - PMP

What is Performance Monitoring
Performance Monitoring in virtual team management pertains to the continuous oversight and review of a team's ability to achieve the expected results. It involves the tracking of project-specific performance measures and the ongoing observance of the virtual team's output.

Why It's Important
Understanding performance monitoring is vital because it helps in determining whether a project is on its scheduled track and it aids in identifying potential problems at an earlier stage. By constantly checking the progress against the project plan, corrective measures can be timely implemented.

How It Works
In performance monitoring, key performance indicators (KPIs) are defined to evaluate the success of a particular activity. The project manager continuously records and compares the actual performance against these KPIs. Any deviations can then be identified and resolved.

Exam Tips: Answering Questions on Performance Monitoring
Always remember, in the exam, questions on performance monitoring tend to test your understanding of the process and the ability to apply it in different scenarios. Therefore, make sure to grasp the purpose and steps of performance monitoring fully. Also, some questions may seek your understanding of the performance reporting techniques, so be prepared for them.

Remember, performance monitoring is not about blaming someone for poor performance but about identifying issues and developing solutions. Keep this in mind while answering questions related to this topic.