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Easiest way to play PS3 on PC Monitor?

Just want to know the cheapest and easiest way to play my PS3 on a computer monitor WITH my headset.

Things i have:
1)PS3
2)Tritton AX720
3)HDMI cable
4)1080p 23" monitor

Things i might need:
1)vga to hdmi adapter

So far this is what i think on how to setup my PS3:

Monitor------vga to hdmi adapter-----hdmi cable------PS3
Ax720-----Tritton converter box----PS3 optical and USB

Is that ^^^^ basically it?
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