It is essential for establishing confidence that a project will be executed effectively and with minimal waste. A plan for performance measurement requires identifying which critical element should be measured, how they are measured, and when they are measured to communicate if the project is on track.
At a minimum the section will contain the following:
Measurable objectives identified as milestones on the Gantt chart
Risk mitigation strategy for analyzing and reporting unplanned changes as well what procedures you plan to implement for handling change control issues
Description of project reporting regarding the on-going evaluation and status of project efforts to stakeholder and participants on the project team
Method for determining whether the project has met its objectives and how the project is terminated