No the computer does not monitor fuel pressure. During cranking the computer uses pulse width modulation (PWM) to lower the pressure output of the pump but the computer doesn't actually know what the pressure is the on time and off time is preprogramed into the ECM. Pulse width modulation means that the computer is pulsing 12volts to the pump. Changing the on time vs the off time gives you diffrent pressures. The lift pump normally runs for 2 seconds after key on and 30 seconds after a failed start attempt like when you bump the starter to fill the fuel filter after changing it, some flashes seem to change the times the lift pump runs for key on and after bumping the starter. If the engine is running the lift pump is supplied with a constant 12 volts. If the engine stalls the lift pump shuts off.