The Functioning of Senior Review Boards April 2005 7050-11-35 (CRS) Study of Capital Project Oversight and Accountability: The Functioning of Senior Review Boards Final – April 2005 SYNOPSIS This paper presents the results of a brief study performed by the Chief of Review Services (CRS). [...] Key issues pertain to the frequency of meetings and the corresponding demands on the time of senior people, as well as the consequent tendency for Boards to sometimes function more in form than substance. [...] The objective would be to adjust the frequency and timing of SRBs to coincide with project decision points and transitions that warrant the attention of senior people. [...] With the exception of DGSP, core members are those supervising the immediate project staff and consist of representatives from the sponsor and the implementer. [...] These include the following: a. Leave the sponsor as the chair throughout the life of the project.