Jr. Herbert Marshall / JrHerbert Marshall
Whether you are a project manager tasked with overseeing an outsourced capital project or an owner investing in a major project critical to the future of your business, you are most likely starting at a disadvantage. A savvy contractor’s project team is likely to be populated with project management professionals who have read an abundance of literature on how to maximize project value for themselves. Unfortunately, as any book search will show you, there is virtually no guidance out there for how to successfully oversee a capital project from an owner’s perspective. In project management terms, the client or owner is just a 'managed external stakeholder.' The Project Oversight Guide (POG) is intended to bridge the gap between knowing how to run a project and knowing how to oversee one. Readers of the POG will learn that project oversight and project management are uniquely different disciplines. Bad project oversight can make an otherwise good project fail, whereas good oversight can lead a substandard project team or contractor to succeed in delivering the expected return on investment. Did you know that, when done right, project oversight more than pays for itself? By reading the POG, owners and project management students and professionals will gain insights into all facets of capital project oversight, including tools and techniques, organizational design, best practices, behaviors, and processes. The POG packages this information in an examples-based look-see at real situations and lessons learned from the field.
