Numerical simulations of (bilinear) quantum control often rely on either monotonically convergent algorithms or tracking schemes. However, despite their mathematical simplicity, very limited intuitive understanding exists at this time to explain the former type of algorithms. Departing from the usual mathematical formalization, we present in this paper an interpretation of the monotonic algorithms as finite horizon, local in time, tracking schemes. Our purpose is not to present a new class of procedures but rather to introduce the necessary rigorous framework that supports this interpretation. As a by-product we show that at each instant, estimates of the future quality of the current control field are available and used in the optimization. When the target is expressed as reaching a prescribed final state, we also present an intuitive geometrical interpretation as the minimization of the distance between two correlated trajectories: one starting from the given initial state and the other backward in time from the target state. As an illustration, a stochastic monotonic algorithm is introduced. Numerical discretizations of the two procedures are also presented.