【正文】 elopment, standardisation and assessment of project investment proposals Subject matter expertise in Project Investment Management including: Consultancy Skills: System capacity planning and definition of infrastructure requirements. Oracle Skills: Knowledge of current project investment management practices within Huawei. Alignment of work breakdown structures between project management approaches (. task pletion management) and collection of costs (. financial management) to ensure consistency between project and financial records.The Invent phase will include documenting the Project Investment Management process to show each of the steps involved in constructing investment proposals, submitting these for approval, gaining approval for the allocation of funds, setting up projects, capturing relevant cost data and maintaining appropriate project costing records. Throughout the above Huawei will need to carefully consider the level of detail that is to be captured to satisfy the bined goals of effective project management and financial control.Finally, the Invent phase will include identification of required project investment management and project costing skills and assessment of the availability of those skills within Huawei.LaunchThis phase will ensure that the project investment management process is properly introduced, that the supporting systems chosen are appropriately configured / developed, tested and rolled out and that all staff involved in the new processes are trained and capable of performing their new responsibilities.Details of activities and tasks to be undertaken are set out in the appendix to this document.Resources and TimingSkills and Experience RequiredThis project requires a bination of resources that bring skills and experience in Project Investment Management, process reengineering and system configuration to the project. Specifically, the project requires access to resources that have an indepth knowledge of current Huawei Project Investment Management practices and procedures. The skills required by the project are listed below. Note: It is important that the scope of these skills be covered by the entire project team. It should not be expected that a single individual possess all the required skills in the categories under which they are listed. Project authority levels. Definition of the nature of costs to be collected . standard costs, actual costs, direct costs, direct plus indirect costs. Definition of project hierarchies for cost collection purposes eg relationships between task, activity, subproject and project. Definition of the support technology and organisational infrastructure required to implement an effective project investment management process. Establishment of links between allocation of funds through the Project Investment Management process and reporting of cost performance against such approvals. Establishment of a standard form for gathering information, pleting investment analysis and presenting requests for funds. Establishment of an investment evaluation group with responsibility for approving expenditures. Increase in project approval turnaround time. A realignment in thinking to consider expenditures in light of their individual return to the business. Lack of clarity and overlap of authority between departments for acquisition of I/T eg acquisition of enterprise wide solutions like Notes and ERP.Intangible benefitsThis project will benefit Huawei by contributing to: Product development projects being funded via calendar budgets rather than as “projects” that may extend over a single year. Relatively few development projects are cancelled. New product decisions being technically driven. Identify investment policy alternatives and agree on financial strategy. Set criteria and format of feasibility study reports. Staged release of budget for each new product authorised in conjunction with the Integrated Portfolio Management Team (IPMT) for the next phase as the team successfully pletes a phase as reviewed by the IPMT. approval of all major investments, such as new product development, major I/T projects, fixed asset additions and external investments, and Development of a mon framework by which all new product projects and technology projects will be evaluated from an investment viewpoint. The ability to accurately capture cost information for specific product development projects and thus provide cost histories for use in determining likely costs of future projects. Reassess projects at specific milestones throughout the product development process in terms of expected financial return. Coordinate and effectively apply resources across multiple development projects. Post pletion audit of approved projects.At the pletion of this project Huawei will be positioned to: Establishment of a consistent approach to managing large investment projects. Evaluation and selection of desirable expenditures, including ranking of project investment alternatives. Documentation and justification of requests for capital expenditures, mainly product development proposals. The Budgeting and Forecasting projectIn designing new project costing processes, the project will seek to Ieverage the features provided in the Oracle ‘Project Costing’ and ‘Project Connect’ modules. Use of these Oracle applications is remended as they fall within the overall applications architecture and standard ERP system currently in use within Huawei. A key aspect of the Oracle implementation is to ensure integration is properly designed and implemented. This is to be achieved by reviewing other processes that feed or take data into the project to ensure project related tasks are properly pleted . project coding during the purchasing process. Specific objectives of this project are to establish a process that covers: Ad