Financial Warning Conceptual Model Of The Enterprise Project Management Research

Project management is an operation mode widely used by modern enterprises in IT, finance, service and engineering industries and so on. So far there are plenty of theoretic productions on project management, however, overseas studies on enterprises project management under significantly uncertain circumstances have a short history of almost 20 years. Project management in our country was more relative behindhand, the success rate was lower and the reason was finance factors mostly influence. Some related study showed that only 17%of the projects achieved their goals, 50% changed their goals and the residual 33% were usually canceled. The phenomenon of Cost overspending in projects was ubiquitous, the costs of about 55%of all projects overspent relative to their budgets, only less half projects could achieve their budget cost. The study on finance problem in project management is pressing and has its realistic signification.This paper studied the finance early-warning of enterprises projects based on investigations aiming at building a concept model of finance early-warning, detecting the factors that might lead to finance crisis and their interrelations in project management, identifying those so-called "dangerous information" and evaluating the endanger character and degree. Firstly a variable system was proposed based on reading related literatures, which included those presumable factors might lead to project finance crisis, and a concept model of finance early-warning system was constructed, corresponding assumptions were also presented ant the same time. The paper abstracted two types of variables: environment variables and human variables, and measured them using nine indexes. Afterwards, some data information was collected according to the assumptions presented before, through Factor-analysis approach, correlation analysis approach and Structural Equation Model analyzing approaches and so on, using SPSS11.0 and LISREL8.53 software to analyze these data, the model and assumptions were firstly validated. The study results showed some conclusions as following: (1) Corporation culture is mildly related to senior management group, both have a significant path relationship with human variables; (2) Matrix structure of project organization could make the authority and responsibility more clear, improving the ability of dealing with gusty accidents and enhancing the sense of finance crisis; (3) Constructing a work network platform based on information software can tremendously decrease finance crisis and increase the ability of dealing with gusty accidents; (4) Human variables have a very great impact on the project finance crisis, which is the primary controlling variable decreasing finance crisis of project. And some countermeasures are presented according to these conclusions, finally the paper pointed out the farther studying orientation and emphases.