A project often requires an independent party to oversee its implementation to ensure that the execution of the project meets the technical specification and is within prescribed financial and schedule parameters.
Project goals, approaches, and specifications can vary considerably, requiring a unique organizational structure for each project. Since project implementation is not typically part of the Ownersa's routine operations, intemal resources to monitor the project may be limited. Specialized staff with specific technical skills and expertise may be required to manage your projects successfully.
In addition, any uncertainties in schedule, cost, and site conditions require continual monitoring to minimize risks during the project execution and subsequent operation phases. If not addressed properly, unanticipated budget overruns and delays in the project start up can cause a huge impact on your company's financial performance.