A phenomenological model was developed to describe the dynamic evolution of the batch suspension polymerization of methyl methacrylate in terms of reactor temperature, pressure, concentrations and molecular properties of the final polymer. Then, the phenomenological model was used as a process constraint in dynamic data reconciliation procedures, which allowed for the successful monitoring of reaction variables in real-time and on-line. The obtained results indicate that heat transfer coefficients change significantly during the reaction time and from batch to batch, exerting a tremendous impact on the process operation. Obtained results also indicate that it can be difficult to attain thermodynamic equilibrium conditions in this system, because of the continuous condensation of evaporated monomer and the large mass transfer resistance offered by the viscous suspended droplets.