Flight path monitoring means the observation and interpretation of the flight path data, aircraft-configuration status, automation modes and on-board systems appropriate to the phase of flight. It involves a cognitive comparison of real-time data against the expected values, modes and procedures. It also includes observation of the other pilot and timely intervention in the event of a deviation.
This definition covers anytime the aircraft is in motion, including during taxi. It also includes continuous awareness of both the trajectory and energy state of the aircraft.