China USD Reserve Diversification Internet Virtual Country and Property Exchange MarketWord下载.docx

China USD Reserve Diversification Internet Virtual Country and Property Exchange MarketWord下载.docx

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Identifywhatwe'

rebuilding2

Goals:

Awordontheproblem2

Execution2

Discovery2

Refinement2

Articulation,ValidationandPrioritization2

Description2

Estimation2

Authorization2

Definition:

Translatewhatwe'

rebuildingintoadefinition2

Architecture2

Schedule2

Treatmentof"

side-projects"

Risksandscheduleimpact2

Howtheplaniskept2

Deliveragainstthedescription2

Detaileddesign2

Iterativedevelopment2

Scheduletracking2

QA2

Endgame2

Documentcontrol2

GeneralProcessIssues2

Decisionprocessforresearch-orientedefforts2

DecisionsandMeetingDocumentation2

Longer-TermDevelopmentIssues2

ChangeRequests2

AppendixA:

MindSet（or,“TheFiveHabitsofHighlyEffectiveCompanyXMarketingProfessionals”）2

AppendixB:

FeatureIdeaForm2

Title:

Yourname:

Date:

Adescriptionofthe"

BusinessProblem"

Adescriptionofthenecessarycharacteristicsofasolution.2

Adescriptionofapossiblesolutionorsolutions.2

Anecessarytime-frame.2

AppendixC:

Needs/SolutionSpecificationPackage2

Whatexactlyisthepain?

Whattechnologies/solutionscurrentlyexisttoeasethepain?

Whatistheexactrequiredsolution?

Whatwouldbethelikelybottom-lineimpactifwedeliveredthesolution?

Doesthislineupwithourmission?

Withourinitiatives?

Whatisitspriority?

Isthisabigdeal,development-wise,orasmalldeal?

AppendixD:

DevelopmentAuthorizationForm2

AppendixE:

EmergencyManagementChangeOrder2

Title2

Signoffs2

CrucialDrivingBusinessNeed:

TimeDriver（whenmustthisfeaturebedelivered）:

Downside（whatdowelosebydoingthis）:

Requirements:

Specifications:

RiskAnalysis:

Estimate:

Version

Date

Author

Comments

1

6/14/10

LiewKeongHan

Overview

IntendedAudience

ChinaInvestmentCorporation（CIC-china）,SingaporeGovernmentInvestmentCorporation（GIC-sg）,TemasekHoldingsLtd,*GoogleCorporation,*LindenLab（SecondLife）andanyotherpotentialinvestors.

DescriptionoftheChallengefacingChina

WemakethefollowingobservationsaboutthehughUSDreserveholdingbyChinaGovernment:

USAisfacingoneofthegreatestchallengesinitshistory.Highunemploymentrate,nationaldebthitrecordofUSD13trillion,andUSgovernmentisremainpreparinghughbudgetdeficitsandeconomicstimuluspackagetospenditswayoutofthestagnanteconomy.

USDastheworldreservecurrencystandardfordecades,itspotentialofsignificantdevaluationisgoingtohavelargeimpactontheentireworld,especiallythosecountriesholdinglargeUSDreservelikesChina,Japanetc.

USAeffortinstrugglingtorecoverfromsubprimemortgagecrisiswillautomaticallytranslateintohistoricalmassiveliquidityintothemarket.Asacountrywithitsowncurrencyserveasworldwidereservecurrency,USAisindirectlyreducing“intrinsicvalue”ofworldwideUSDreserveholdingbyvariouscountriestofinancefortheirmassivestimuluspackage.Inshort,USgovernmentismakinguseofitsreservecurrencystatusto“kidnap”theentireworldtohelpthemspendingitswayoutofthecrisis.

Inanynormalcase,anycurrencywillsufferagreatdevaluationwheneverthegovernmentloosensupthemonetarypolicytoallowmassiveliquidityflowingintothemarket.However,USDisdefinitelyanexceptionalcase.ConsideringthenumberofUSDreserveinvariouscountries,allowingUSDtodevaluatesubstantivelyisheavyblowtothosecountrieswithhughUSDreserve.OneofthebestexampleswillbeChina.

Withtrillionofreserveathand,Chinagovernmentisindeedinitsdilemma:

Option1-DiversificationagainstUSDdevaluationrisks?

Consequently,

Thereisnoclear,articulatedroadmapfora）synthesizingacoherentvisionb）turningthatvisionintoaproductdefinitionc）crystallizingthedefinitionintoanimplementationandd）deliveringthesolution.

Thereisnoclearunderstandingofresponsibilitiesandthereforethescheduleslipsonthefuzzyfront-end.Thevisionisfuzzy,andsolutionsarefuzzyvs.thisfuzzyvision.Itisunclearhowavisiontakesform.Whodecidestherequirementsandhowtheserelatetothevision?

Whodecidesthespecifications?

Whosignsoff?

Whoiscriticalpathwhen?

Whomakesthecost/benefitcalls,bothintermsofrealandopportunitycosts?

Howdowedriveprogressonresearch-orientedeffortsrequiredtosupportourlong-termvision?

Howarereleasestimedandmanagedalongthewaytowardsfullreleases?

Howareresourcesleveledagainstdevelopmentefforts?

Andhowarefiner-grainedquestionsansweredduringdevelopmentoftheproduct?

Furthermore,thereisalegitimatetensionbetweentheneedsofMarketingtoreacttomarketdemandsandtheneedsoftheDevelopmenttohavestablerequirementsagainstwhichtodeliverproducts.Withouttheformer,acompanycandeliveraveryhighqualityproductwhichmay,after6months,bewoefullyoff-target.Withoutthelatter,nothingevergetsdelivered.

TheSolution

Thesolutionistoviewproductdevelopmentasapipelinedprocessandtofullyspecifytheprocess.Inthisway,requirementsforoneversionarebeingrefinedwhilethepreviousversionisbeingdeveloped.Releasecyclesareshort（weaimfortwo-monthcycles）allowingforstablerequirementsduringthedevelopmentphase,butallowingforrelativelyquickreactiontimesonfeatures:

ifafeatureisneeded,itisplacedintothepipelinequeueforreleaseduringthenextdevelopmentphase.

Release1

Release2

Definition

Discovery

Delivery

Thisdocumentoutlinestheprocess,calledtheProductPipeline,includingresponsibilities,timelines,documentsanddeliverables.

Goals

TheoverridinggoalofthisdocumentistoarticulatethemeansbywhichCompanyXwillefficientlycreatewildlysuccessfulproducts.

ForeachmemberofCompanyX,fromPresidenttoJanitor,thegoalisforeveryonetounderstandatanymomentintimethefollowing

1）Whatisthedrivingvisionofthecurrentefforts?

2）Whereweareintheprocess?

3）Whoiscriticalpathnow?

4）What'

shappeningnext,andespeciallywhatismynextresponsibilityis?

5）WhatdoIhaveauthoritytodecideandwhatdoInot?

6）Whatismyrole?

7）HowIcangetmygreatideaintothepipelineforconsideration?

8）Howarefeatureadditionsconsideredandprioritized--thatis,howwillideasbejudgedandcomparedvs.othergreatideas?

9）How,ifIdomyjobwell,ismycontributionlikelytoresultinthesuccessoftheproject,theteam,andthecompany?

10）HowdoIdecidewhichofmycurrenttaskshavehighestpriority?

Forthecompany,goalsincludethefollowing:

1）Maximizeefficiencywithintheorganization（reductionofmeetings,eliminatewastedtimeonthefront-end）

2）Getthefinishedproductdefinedanddeliveredeffectively.

3）Streamlineandclarifythedecision-makingprocess

4）Allowthecompanytooperatein“InternetTime”

SuccessCriteria

Shortterm,thisdocumentwillbeasuccessifprogressoccursevenintheabsenceofdirectandcontinualmanagerialattention.

Longterm,thisdocumentwillbeconsideredasuccessifthefollowingconditionsaresubstantiallytrueduringtheLeavenworthandEastSoundreleases:

1）Thereisnowastedtimeonthefuzzyfrontend.

2）Thesereleasesarereleasedontime.

3）Thereleasesareconsideredbymanagementtohavebeensuccessfullyreleasedagainstacoherentvision.

Glossary

PMProductManager.UntilaProductManagerishired,theresponsibilitiesofthePMwillfalltoadesignatedindividualexceptwherenoted.

DDDirectorofDevelopment

NSSPNeed/SolutionSpecificationPackage.Adocumentdescribingeverythingaboutasetoffunctionality,fromthebusinessneed,throughexistingsolutions,theproposedsolution,businessrequirements,specificationandestimate.

ArchitectureDescriptionofthemajorsubsystemswithinasoftwarepackageandhowtheyrelate,includingdataflowdiagrams,coarseAPIdescriptions,errorhandlingmechanisms.

DetailedDesignDescriptionofthesoftwaredowntothesubroutine/class,includingparameters,descriptions,API'

s,returnvalues.

SpecificationHowthesoftwareworksfromaUIperspective.ThisincludesallpossiblepermutationsofstatwithinaUIgroup,aswellaslimitsoninputandbehavior.

RiskOfficer:

Apersondesignatedtoworry.Thiscanbeanymemberoftheteam,buttheirfunctioninthiscapacityistoidentifyriskstotheschedule,estimatetheirpotentialimpact,assignalikelihoodtothis,gatherandmanagetheplanformitigatingoreliminatingtherisk,andtomaintainallthisintheRiskManagementSpreadsheet.

CRCChangeReviewCommittee.Adesignatedgroupofrepresentativesfromvariouspartswithintheorganizationwhosejobitistocategorize,andapproveordenychangerequests.Typically,thisincludestheDD,adeveloperandthePM.TheCRCcontrolsBugcategorization（whichgetfixedandwhichdon’t,whofixesit）andreviewsFeatureIdeaformsiftheyaresubmittedasurgent（thatis,iftheyaretobeconsideredforthecurrentrelease）.

DevelopmentAuthorizationDocumentAdocumentservingasthemainauthorizationforadevelopmenteffort.Itcontainsgeneralinformationabouttheproject,hyperlinkstospecificdocumentsthatmakeuptheproject（projectschedule,ri