Analyzing Unified Logging Service (ULS) Logs using SharePoint’s Central Admin
If you run into issues with your SharePoint farm (including Project Server instances), as a farm administrator you might not have access to the folder where the logs are stored (typically under C:\Program Files\Common Files\Microsoft Shared\web server extensions\12\LOGS).
To work around this access right you can get the person with the proper administrative rights to setup this Log Viewer feature to your farm: SharePoint 2007 Features
The Log Viewer will render in a webpage the logs stored in the ULS files as shown below: