What role does an expert play when managing large projects, often in regard to a reserve fund?

An expert, particularly in the context of managing large projects related to reserve funds, typically acts as a consultant. This role is crucial because a consultant brings specialized knowledge and experience to the table, enabling them to assess the financial requirements and long-term planning necessary for the effective management of the reserve fund.

Consultants can provide valuable insights into best practices, help evaluate risks, and guide the development of strategies to ensure that adequate funds are available for future repairs and maintenance of the condominium's common elements. Their expertise allows them to offer tailored recommendations, ensuring that the reserve fund aligns with the specific needs and goals of the condominium corporation.

In contrast, directors are usually responsible for making governing decisions and overseeing the overall management of the condominium, but they may not have the specialized financial knowledge needed for this intricate task. Managers may handle day-to-day operations, and coordinators generally assist with administrative tasks and logistical aspects. While these roles are essential for the management structure, they do not typically encompass the advanced financial strategic guidance that an expert consultant provides when dealing with reserve funds.