Business Process Management
Business Process Management
Business process management (BPM), scope is broad and should not be confused with task and project management. Task management focuses on individual tasks whereas BPM observes the whole end-to-end process. Project management refers to a one-time scope of work while BPM focuses specifically on processes that are repeatable. BPM typically entails discover, model, analyze, measure, improve and optimize business strategy and processes.
Methodologies like Six Sigma and Lean are examples of BPM. By continuously reengineering processes, organizations can streamline workflows, leading to increased efficiencies and cost savings. By incorporating advanced analytics, activity monitoring, and decision management capabilities, BPM suites coordinate people, systems, information, and materials to achieve business outcomes, thus accelerating digital transformation strategies.
BPM types
There are three main types of business process management:
- Amalgamation Focuses on processes with minimal human involvement, relying on APIs and mechanisms to integrate data across systems, such as HRM or CRM.
- Manual Centers around human involvement, typically where approvals are required. Intuitive user interfaces with drag-and-drop features allow teams to assign tasks to different roles, making accountability easier.
- The Vault Focuses on specific documents, such as contracts, which need to go through various forms and rounds of approval to develop agreements between clients and vendors.