If a Managed Service Provider (MSP) wants to monitor existing GCP projects of a client that are associated to a client billing account ( meaning the client is directly paying to Google for it ) , how can the MSP start monitoring those ? What are the strategies around IAM that enable the MSP to start monitoring the client projects?
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Using the Cloud IAM(Identity and Access Management), any member can be assigned with the access/control over the GCP resources/projects. You can check this documentation for various roles that can be given to a member.
For your specific concern over 'monitoring the billing', a member (in your case a MSP provider) can be given any specific role under “Cloud Billing Roles”. It will help that member to view/manage various billing scenarios over the GCP project/resources.
Apart from your use case scenario, you can also check this blog for various updates over MSP partners. You can make valuable suggestion by commenting there as well.

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