Bottom component supplies the sound, jiān → lán with full initial drift but rime preserved.
监 is itself a person looking down into a basin of water (the ancient mirror), now meaning 'oversee'. As a phonetic it also drives
篮 lán (basket — the same blue-rime),
览 lǎn (view),
蓝 lán (blue) — a tight lán/jiān cluster.