Business Project Management: Steps, Critical Success Factors, and Pitfalls
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Added on 2023/06/10
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This article discusses the five steps of building a business case for BPM, critical success factors, and pitfalls to avoid. It covers topics such as validating the starting point, defining success criteria, strategic alignment, culture, and more. The article also provides references for further reading.
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Running head: BUSINESS PROJECT MANAGEMENT Business Project Management Name of the Student: Name of the University: Author note:
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1BUSINESS PROJECT MANAGEMENT 1. The five steps of building a business case for BPM (Business Project Management) are: Validating the starting point- This stage enables for the clarity. It is very important to have careful preparation in this step as it allows for grater the direction. Benchmarking the current process- This step is all about understanding the way a person is doing something and for what purpose. Defining the success criteria and performance metrics- This stage is considered to be more or less elementary. However, it is also to note that a person when arguing at this stage, must not be overlooked and underestimated in any way (Karle & Teichenthaler, 2018). This is because failure to align the performance goals as well as accurate metrics could led to failure of the project. Optimising for the future process- It is a less controllable stage. However, the justification for the inclusion of it is because of the fact that the companies must be well aware of the future needs that might be needed and then plan accordingly (Salazar & Heyl, 2015). Developing a ROI model- This stage provided a financial logic and reason that would finally help in strengthening the business care. 2. The critical success factors of BPM are as follows: Strategic alignment- It is the key success factor of BPM implementation. However, the success of these initiative is endangered until the firms try to develop BPM activities that are independent of the strategic ones. Culture- In order to ensure success for BPM initiatives, corporate culture is utmost important. Employees along with their BPM qualification- The attitudes of the employees towards the BPM initiative is likely to determine its success. They must have required
2BUSINESS PROJECT MANAGEMENT qualification as well in order to alter the corporate realty with structured process models (Vuksic, Glavan & Merkas, 2016). Performance measurement- It ensures the relation between process orientation and business goals Methodology- Employment of the accurate and suitable methods is important along with the habits, experiences and capabilities of the person. InformationTechnology-Itplaysanimportantroleintheatomisationand implementation process. Every successful factor could turn into pitfalls. The pitfalls of BPM comprise of the lack of governance, strategic linking, process owner and the shortage of business need and user buy-in. In absence of integration of the BPM activities into the corporate strategy, the outcome of the initiative would not match the expected contribution and planned objectives (Weibach et al., 2016). All these pitfalls need to be bypassed in order to ensure successful BPM initiatives.
3BUSINESS PROJECT MANAGEMENT References: Karle, T., & Teichenthaler, K. (2018). Collaborative BPM for Business Transformations in Telecommunications: The Case of “3”. InBusiness Process Management Cases(pp. 235-255). Springer, Cham. Salazar, N. R., & Heyl, B. H. (2015, November). Integration and Implementation of an EA strategy based operating model with BPM technology-Case Study: Housing credit process, Banco Estado Ecuador. InChilean Computer Science Society (SCCC), 2015 34th International Conference of the(pp. 1-8). IEEE. Vuksic, V. B., Glavan, L. M., & Merkas, Z. (2016, June). THE SUCCESS FACTORS OF BUSINESSPROCESSMANAGEMENT:ACASESTUDYOFCROATIAN COMPANY. InAn Enterprise Odyssey. International Conference Proceedings(p. 697). University of Zagreb, Faculty of Economics and Business. Weißbach, R., Kirchner, K., Reher, F., & Heinrich, R. (2016, September). Challenges in Business Processes Modeling–Is Agile BPM a Solution?. InInternational Conference on Business Process Management(pp. 157-167). Springer, Cham.