Monitoring and Results Measurement (MRM) is fundamental to good program management. It provides vital information that programs need to make good decisions in order to maximize impact over the life of a project. Over the last three years, with guidance from the SEEP Value Advisors, the Value Initiative Program (VIP) partners in India, Indonesia, Jamaica and Kenya have worked hard to install and use strong MRM systems in their urban value chain projects. As a team, the VIP partners and advisors have shared experiences in monitoring and results measurement and adjusted both the overall MRM system for VIP as well as the systems in individual projects. The aim of this learning and adjustment was to make MRM both as practical and as useful as possible. The focus was equally on MRM for reporting and for management purposes. We made some mistakes and we had some successes along the way. This paper aims to share our top ten lessons with other value chain practitioners.