Business Process Management is a systematic approach to the continuous improvement of the organization by identification, modeling, implementation, execution, monitoring, analysis and optimization of the business processes to meet the objectives of the organization.
The business objective is often to increase process speed or reduce cycle time; to increase quality; or to reduce costs, such as labour, materials, scrap, or capital costs. In practice, a management decision to invest in business process modeling is often motivated by the need to document requirements for an information technology project.
Change management programs are typically involved to put any improved business processes into practice. With advances in software design, the vision of BPM models becoming fully executable (and capable of simulations and round-trip engineering) is coming closer to reality.
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