Progress in optical networking has stimulated interest in optical performance monitoring (OPM), particularly regarding signal quality measures such as optical signal-to-noise ratio (SNR), Q-factor, and dispersion. These advanced monitoring methods have the potential to extend fault management and quality-of-service (QoS) monitoring into the optical domain. This paper reviews OPM applications and techniques, while examining the role of OPM as an enabling technology for advances in high-speed and optically switched networks.