Project Financial Management

Abstract

Projects are the basic units and cells of business management at Huawei. There are different types of projects, including R&D, sales, delivery, and management transformation projects. If projects are not effectively managed , it will be impossible for a company to achieve robust operations. Huawei is working hard to shift its operating model from being function-centered to being project-centered. This is going to be a huge change. It means thousands of field teams will be mobilized. It also means that functional departments will no longer be centers of authority, but centers of expertise and resources. Huawei believes that a project-centered model will help reduce redundancy and avoid the pitfalls experienced by large companies that operate with a function-centered organizational structure. The project-centered model will also make the company more competitive and enable managers to develop rapidly. To adopt a project-centered model, a company needs to establish a corporate-level project management system. Moving forward, Huawei aims to build a management system like a dragon, whose head moves flexibly to look for food or attack a target. Its bone systems are flexible and powerful to ensure that the whole body moves to support any attack the head may start. Our field project operations must be as flexible as a drag-on's head and our back-office management support systems must be like a dragon's bone systems. This will make up the basic architecture of our future management system.