Sichuan Province, A Large-value Payment System Of Rural Credit Project Investment Management

With the continuous development of market economy, the competition in the financial sector becomes more intense, competition for markets and customers become more significant. An easy and fast means of payment and settlement is one of the important weapons to win these competitions. Currently, the clearing channels of Sichuan Rural Credit Cooperatives (SCRCC) are scattered, the use of funds is inefficient, and there is an urgent need for smooth settlement channels. Through accessing to the large-value payment system of People's Bank of China, it will effectively address the settle channels'flow problems of rural credit cooperatives in Sichuan Province, and enhance its market competitiveness.Based on the theoretical analysis, and combined with the project implementation experience of accessing to large-value payment system in SCRCC, This paper analyzed the investment of accessing to large-value payment system with the method of synthesis and comparison. For the characteristics of information incomplete in the project, in this paper, we summarized the general method of project management under information incomplete. This paper is organized as the following four sections:Section 1 introduced the project background and literature reviews. Combined with the actual situation of project implementation, this part focused on summarizing and describing the project management under information incomplete.The project construction process was described in Section 2. There are three phases in the process of project construction: the first stage is project approval and program design; the second stage is the project implementation, specifically the system software development and network construction; the final stage is the stage of system operation.Section 3 is an investment and economic analysis of the project. By analyzing the project investments from planned investment and actual investment, this part identified differences by comparing the situation between the two, and also analyzed the reasons for large differences. The Cost-Benefit analysis on the project magnifies the project has good economic efficiency, significantly saved costs for the SCRCC, improved the management level , and thus enhanced the core competitiveness of the rural credit cooperatives.In Section 4, we summarized the achievements of the project construction and the experience of the construction, analyzed the problems during system operation, and made recommendations accordingly. According to the information incomplete characteristics of this project, we summarized and proposed management methods, such as using small-scale error trial and employing the thinking of waterfall iterative to improve continuously.Through the comparing the differences of planned investment and actual investment on projects of accessing to large-value payment system, the reasons was deeply searched, the practical experience was fully summed up, and provided some new knowledge and recommendations for the project investment management under conditions of information incomplete .