This study investigates a novel approach - both to precisely plan for project execution and to monitor execution status in near real-time. In this approach, two lean construction techniques - such as pull planning and integrated project delivery - are combined with the fine-grained planning and near real-time monitoring of the executed work. In order to plan for and monitor the flow of work, work packages are defined at the smallest discernible amount of work - the task. Work packages are divided by unique location sectors and, hence, are further discretized. Deviations based on predictions of completed work are proactively reported and assessed in near real-time. In addition, productivity ratios for completed projects are utilized to pre-qualify contractors for future project endeavors and to generate accurate bidding information. Thus, an emphasis to stabilize workflow is at the core of the proposed fine-grained production planning and near real-time monitoring approach. Through an intervention test in a facility project, a comparison of relevant metrics is used to quantify and validate the impact of the novel approach.