Management-monitoring and project management

You are employed as a supervisor at the local mail distribution Centre. The Centre wishes to develop a new staff recruitment and selection process, to be implemented within the next three months. You have been assigned the responsibility of project manager. How would you monitor and manage project finances, resources (human, physical and technical) and quality? Do not limit your ideas to methods used in the text. Why would you use these methods? Why do you think it is superior to other monitoring methods?