The Publishing Monitor provides information about the status of recent publishes through the CMS.
In the MY CURRENT PUBLISH area, you'll find the status of the last publish that you initiated, whether manually or through workflow.
RECENT PUBLISHES lists the last three publishes that have been processed by anyone in the system, which are color-coded to indicate the level of completion.
Publishing is when the CMS packages up content that is ready for publish and gets it ready to send to a DSS. The process usually includes publishing and replication. Understanding publishing is key to knowing when your content will appear on your live website.