Which Practice Area contains practices that help increase the probability of meeting business objectives by ensuring that corrective action is taken when performance deviates significantly from the plan?

The correct answer focuses on the Monitoring and Control practice area, which is dedicated to the systematic assessment of project performance against the established plan. This involves tracking various metrics and milestones to identify any deviations from expected outcomes. When performance does deviate significantly, the practices in this area guide the implementation of corrective actions to realign the project’s progress with its objectives.

Monitoring and Control emphasizes ongoing oversight and adjustment processes to ensure that the project remains on track. It provides mechanisms for stakeholders to identify risks, measure progress, and implement changes as necessary, thereby increasing the likelihood of achieving business objectives. This proactive approach is fundamental to successful project management as it not only addresses issues as they arise but also enhances overall project accountability and adaptability, ultimately leading to improved outcomes.