This document provides an introduction to Business Process Management (BPM) and its benefits and shortcomings. It also discusses the BPM vs BPR lifecycle and the combination of BPM and BPR. The document further explores the foundations of BPMN and provides explanations and reviews of BPMN models. Additionally, it includes a section on calculating competitive offers. The bibliography at the end provides references for further reading. This study material is available on Desklib.