A provision of 10,191,900 is made for contractual services for portfolio management.

Portfolio management

Delivery project portfolio of services

Figure 18 Cost of management of the Fund's portfolio by the Investment Management Service

The 2005 estimated portfolio is 414.8 million in project budgets and services contracts.

Budget increases in the ongoing project portfolio of services are not recorded in this figure.

(b) In order to establish accountability, the Investment Management Service should either (i) ensure that the fixed income investment officer acts with greater independence in the management of the portfolio or (ii) consider outsourcing the fixed income portfolio while maintaining the investment officer to monitor the performance of the outsourced portfolio (AS2003 801 02 011)

General description The Major Programme provides direction and management for six programmes Human Resource Management, Financial Services, Information Network and Knowledge Management Services, Procurement and Logistics Services, Legal Services and Buildings Management.

(e) The new investment officer will be specialized in alternative asset management, the skills for which significantly differ from those for conventional portfolio management.

As of 30 November 2004, new business acquired under the project portfolio of services reached 663 million.

(a) Management services

The existing portfolio of development projects and services only provision will continue to evolve over the next two years.

Management and support services

E. Management services agreements

Buildings Management Services 53.7

(ii) Asset and information management services efficient and effective management of all non expendable property, equipment and support of automation for facility management services

Management and central support services

(iii) Buildings Management Services (BMS).

Article 76 A securities firm shall undertake real time monitoring on trading behaviors of its self operation accounts and portfolio management accounts.

Facilities and Camp Management Services Unit

OTHER HEADQUARTERS FUNDS BUILDINGS MANAGEMENT SERVICES

(b) Develop, administer and maintain system interface with investment advisers, custodians, bankers and all related financial institutions, and maintain the infrastructure and portfolio management and operational systems of the Investment Management Service

(a) Providing administrative and management direction including appropriate programme support services (covering human resources management, medical services, financial, security, procurement and travel related operations, facilities and buildings management, information technology and communications, conference, language and editorial services)

The fixed income portion of the advisory services plan is to be discontinued, based on the planned outsourcing of the fixed income portfolio.

Common services in Vienna Buildings Management Service

The Consultative Group to Assist the Poor (CGAP) review of the UNDP microfinance portfolio found that MicroStart is the most successful model in the entire UNDP portfolio, and that the design and technical management of UNCDF were key factors behind its success.

Major Programme G provides a number of specific programmes to meet the full range of administrative needs of UNIDO, including human resource management, financial services, procurement and logistical services (formerly referred to as General Services), legal services, and information and knowledge management, as well as the overall direction and management of these services.

Common and joint buildings management services are fully described under Major Programme H Buildings Management.

Article 82 Where a securities firm conducts trading between its security self operation accounts and portfolio management accounts, or between different portfolio management accounts, and has no sufficient evidences to prove effective separation of these accounts is realized according to laws, it shall be punished according to the provisions prescribed in Article 220 of the Securities Law of the People s Republic of China.

(d) It is imperative to develop policies outlining the standards of the Investment Management Service that specifically focus on portfolio management and trading practices, independent pricing and valuation of portfolio securities, safety and custody of assets, disclosure to Fund participants, disclosure of potential conflicts of interest, privacy protection, protection of non public information, business continuity and standards of ethical behaviour for investment staff

Disaster management is a complex portfolio, and though most countries have an established national disaster management agency, the magnitude of the disaster is sometimes way beyond their capabilities hence the apparent state of paralysis which follows.

(5) Where a securities firm engaging in portfolio management business accepts a single entrustment of its client with the value less than the minimal value prescribed.

The proposals related to specific sections such as health services, waste management services or information products.

(4) Where the investment scopes or investment proportions of the security self operation business and portfolio management business of a securities firm are not conformed to provisions

General description The Programme will carry out management and coordination functions in order to provide adequate service in the areas of human resource management, including implementation of staff training programmes to all UNIDO staff, financial services, including implementation of technical cooperation projects, procurement and logistics services, legal services, and other administrative services, including buildings management.

The Common Services Management System is a result tracking and management system developed specifically for inter agency common services arrangements, enabling country teams, regional teams, Regional Director teams, UNDGO and the UNDG Management Group to monitor individual country common services arrangements, using both quantitative and qualitative indicators.

Accordingly, the Administration contracted the services of a programme management firm on 4 October 2004 to oversee the management of design and construction documentation services, among other things.

A state of the art system will allow the Investment Management Service to rapidly and accurately handle complex investment data and analyse the portfolio risk and its performance.

In the context of the Global Environment Facility (GEF), UNDP has initiated a programme for integrated risk management and climate change adaptation for a growing portfolio of projects.

It believed that economies could be made in areas such as management, general services, travel, and consulting services.

The Department of Management is solely responsible for activities covered by subprogramme 1, Management services and administration of justice.

Consulting services now include project management, UNIX administration in Geneva, system administration in New York and help desk services.

A Portfolio Approach to Climate Change

b The Department of Management is solely responsible for activities covered by subprogramme 1, Management services and administration of justice.

The achievement of UNOPS in growing and diversifying its business portfolio demonstrates, inter alia, that there is demand for UNOPS services and recognition of the added value that UNOPS provides.