Analyzing Challenges and Benefits of Business Process Management

This essay discusses the challenges and benefits of Business Process Management (BPM), drawing upon insights from industry experts like Thomas Kolvenbach. It highlights that BPM involves managerial tasks and activities related to creating, modifying, and assessing business processes. The essay emphasizes the importance of data understanding, accessible repositories, ownership, leadership, and continuous innovation for effective process management. Furthermore, it explores how technology, particularly BPM software solutions, plays a crucial role in overcoming business challenges. Key benefits include risk minimization, better operational control, enhanced collaboration, agility, and maximized productivity. The essay references various sources to support its arguments, providing a comprehensive overview of BPM's impact on modern business operations.

Challenges and Benefits of Business
process Management

Contents
Article on challenges and Benefits of business process management.............................................2
REFERENCES................................................................................................................................4
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Article on challenges and Benefits of business process management
Thomas Kolvenbach, Principal BPM Consultant expressed some common problems associated
with Business process management by sharing some real-life examples and recommended best
practices for overcoming various BPM challenges. Therefore, as per his words Business process
management is all about the managerial task and activities of overall business processes. Mainly,
this process is entirely related with how an association creates, modified and assess the modern
forecasted procedures in order to sum up the core of its business. It’s all about forming and
sustaining the procedure of improvements as well as treats process of business as a key
knowledge asset for an organization (Noe, 2017). As per this article, effective process
management is fully depending upon on several things such as;
 Data and information which is appropriately understood by users of business.
 Central repository is that the process needs to be easy to access.
 Needs to provide groups tools in order to promote procedure of ownership and
accountability.
 Leadership needs to be followed on top.
 Framework which helps in promoting continuous innovation and enhancement of
processes.
In today’s era, it has been proven that technology plays a crucial role in business and support
business to grow seamlessly. In fact, corporate firms are experiencing a drop in its manufacturing
as well as profit level if they get failed in coping with necessary arrangements of modern
technologies. Moreover, organizations which are accepting software solutions for BPM are
becoming more successful and developed as well as long sustaining. Therefore, as per this article
there are almost five advantages are identified with the use of BPM solutions for overcoming
distinct challenges of business activities (Elizabeth Quirk). Hence, some of the useful benefits of
having BPM is discussed as follows-
 Minimization of risk and data Redundancy- As per this element, BPM is a tool which
helps in providing entire visibility into organizational processes which permits towards
special attention towards errors. Therefore, it helps enterprises in providing various
opportunities of work for accomplishing it in more efficient way and save the resources.
Moreover, automation is a key for maintaining the desired level of quality and make sure
that it will maintain in a same way at every time.
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 Better control of operations- It is really indispensable for business to control all the task
and activities which are running at workplace or person who is working at there in order
to make sure that all the business operations must meet the deadlines. For example; BPM
software provides best opportunity for accessing to all the information through common
dashboards and data charts for monitoring the progress of projects (Virgin, Shaw &
Grant, (2017).
 Enhance business collaboration- In this modern world, traditional methods of
communication are not appropriate solutions. Thus, messages, notifications and sharing
of file systems is most suitable one for making the communication process easier.
 Agility- According to the fluctuation in market trends and demand of consumers BPM
process are playing crucial role in maintaining the smoothness in business process which
are flexible. As a result, flexibility helps an association in implementing change process
in better manner by providing large number of benefits to the organization (Elizabeth
Quirk).
 Maximization of productivity and performance- Relevant data and information are
stored and used for measuring the performance of process with the use of BPM solution.
Thus, by comparing the data with forecasted outcomes, an organization can easily
determine the points of improvement for supporting association in order to generate
maximum revenues.
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REFERENCES
Books and Journals
 Noe, R. A. (2017). Human resource management: Gaining a competitive advantage.
New York, NY: McGraw-Hill Education.
 Virgin, R., Shaw, S., & Grant, D. B. (2017). Management challenges in creating value
from business analytics. European Journal of Operational Research, 261(2), 626-639.
 Elizabeth Quirk, 2019. Top 5 BPM Challenges and How to Defeat Them. [Online].
Available through < https://solutionsreview.com/business-process-management/top-5-
bpm-challenges-and-how-to-defeat-them/ >.
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