The main purpose of the project status meeting is to determine the status of the project and to keep all project team members informed. This way every project team member knows the project status of his colleagues and knows the current problems, issues and risks. Everyone then knows what is planned for the next days or weeks, or, for example, which activities will be postponed. However, the most important item on the agenda is the status of the work packages (progress, costs, deadlines, risks, issues). Project status meetings don’t have to last long but should be done more often (take agile projects with the Daily Stand-up Meetings as a guide). The shorter and riskier the project, the more often status meetings should take place.

Once the project plan is finalized and approved, the project manager monitors the progress making sure that the tasks are completed accordingly.
The project manager has a plan of tasks and an estimated duration period for each. Therefore, at the end of each day, week, or month the project manager should be able to report on whether the project is on track or not.

It is imperative that each deliverable meets the client’s expectations. At minimum digital products must be bug-free. You must also make sure that the product performs as expected.

The section above illustrated how you can monitor actual task completion versus expected task completion.
There are 4 main types of monitoring that the project manager should focus on:

Schedule monitoring

Change monitoring

Quality monitoring

Cost monitoring