This research had the general objective of assessment of project monitoring and evaluationrnpractice: the case of Amhara Water Work Construction Enterprise. To achieve this objectiverndescriptive survey was used as a research design and strategy and a non-probability judgmental/rnpurposive sampling as sampling technique and mixed (Qualitative and quantities) data werernused. Both primary and secondary data source were used. For the primary data the researchrnused questionnaire and interview and for the secondary data the research employed documentrnreviews. The research employed purposive or judgmental sampling technique and censes werernemployed to selected projects as well as respondents involved. Six projects and 55 respondentsrninvolved in this research. The primary data gathered through the questionnaire was analyzedrnusing the statistical package for social science (SPSS-20) and the results were presented usingrntables, frequencies and percentages and charts. The research found that the monitoring andrnevaluation system as well as practices of the organization exercised very poor level. Thernaggregate mean (Î¼=2.33) of monitoring and evaluation practice ensured that there is low levelrnof monitoring and evaluation practice in the enterprise. Surprisingly the enterprise assignedrnbudget for monitoring and evaluation, and it is not used for intended purpose and not assignedrnskilled human resource for implementation of monitoring and evaluation practice. The studyrnalso found that the enterprise used a cost benefit analysis to evaluate project performance for thernpurpose of calculating only the profit without making corrective action for incorrect practicernand process or activity monitoring also used to track the progress of the project. The aggregaternmean of all the response on the M&E and project cycle management is found to be (â‚¬ =2.37)rnimplying that a negative response, that means AWWCE does not implement M&E and projectrncycle management as tool of monitoring and evaluation. There is no external/independentrnevaluation on the project of the enterprise. The enterprise not used standard monitoring andrnevaluation approach, framework and no base line assessment prior to the start of project. Thernstudy recommends that the enterprise develop monitoring and evaluation system, hire skilledrnpersonal or provide trainings for the existing technical staff and build capacity and expertise andrnmainly establish its own standardized monitoring and evaluation frameworks and formats.