There is always going to be some delay between what is seen on the camera to what is seen on the remote PC.
WebCam Monitor captures from your webcam and broadcasts the stream as quickly as your PC is able to. Having a fast PC helps reduce delay.
Much of the delay is introduced by the Windows Media Player on your PC, you can reduce this. Start your Windows Media Player, click Tools >> Options >> Performance and reduce the buffer time to 0 seconds. This should give you a more 'real-time' view.