Business Project Management: Building Cases, Factors, and Pitfalls

Verified

Added on  2023/06/10

|4
|726
|293
Report
AI Summary
This report delves into the core aspects of Business Project Management (BPM), outlining the five essential steps in building a robust business case, including validating the starting point, benchmarking current processes, defining success criteria, optimizing for the future, and developing a ROI model. It also identifies critical success factors such as strategic alignment, corporate culture, employee qualifications, performance measurement, suitable methodology, and information technology. The report further examines potential pitfalls, including lack of governance, strategic linking, and user buy-in. By analyzing these elements, the report provides a comprehensive overview of BPM implementation, aiming to guide organizations toward successful project outcomes and the achievement of planned objectives. References to academic sources are included to support the analysis.
Document Page
Running head: BUSINESS PROJECT MANAGEMENT
Business Project Management
Name of the Student:
Name of the University:
Author note:
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
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
Document Page
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.
Information Technology- It plays an important role in the atomisation and
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.
Document Page
3BUSINESS PROJECT MANAGEMENT
References:
Karle, T., & Teichenthaler, K. (2018). Collaborative BPM for Business Transformations in
Telecommunications: The Case of “3”. In Business 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. In Chilean 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
BUSINESS PROCESS MANAGEMENT: A CASE STUDY OF CROATIAN
COMPANY. In An 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?. In International Conference
on Business Process Management (pp. 157-167). Springer, Cham.
chevron_up_icon
1 out of 4
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]