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When a project plan is implemented, one of the primary objectives is to ensure that all activities are executed according to the plan. This involves monitoring and controlling activities against the project baseline, which is the original plan plus any approved changes. Monitoring and control are critical processes in project management that involve tracking the progress of the project, identifying variances from the plan, and taking corrective actions when necessary. Key Points: Monitoring and Controlling: Activities are monitored against the project baseline to ensure they are on track in terms of scope, time, and cost. Control mechanisms are implemented to correct any deviations from the baseline, ensuring that the project objectives are met. Other Options: Formalizing Payment Applications: This is related to the financial aspect but not directly linked to the overall project monitoring and control. Forward and Backward Pass: These are scheduling techniques used during the planning phase, not during the implementation phase. CPI and SPI Calculation: These are performance metrics calculated during the project, but they are part of the monitoring and control process. Conclusion: The correct answer is A. Activities are carefully monitored and controlled against the baseline because this is the primary focus during the implementation phase of the project plan.