Tag Archives: process management

BPM & Daniel Kahneman’s Research on Prospect Theory

I’m sure some of you are familiar with Prospect Theory by the Nobel Prize winner Daniel Kahneman and the profound implications of his work on economics. Prospect Theory is a behavioural economic theory that describes the way people choose between … read more

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Why time is our most valuable resource

According to most approaches to management, time is just one of the resources, along with stable funding, strong team, necessary equipment, and so on. Of course, all resources are important. The fundamental question is what is the most important resource. … read more

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Where do we go from here with BPM?

I recently participated in a ABPMP LinkedIn group discussion “What do you think are the most demanded BPM services (for 2015 and beyond)?”   We started off listing the “services” as “discovery, mapping, modeling, analysis, improvement, automation, discovery”. From my … read more

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Decisions, decisions, decisions…

decisions

One of the main benefits of BPM is its potential to provide background real-time decision support at steps along “best practices” process template  instances. Prerequisites to providing functional unit end users with real-time decision-support include: Ability to roll out compiled … read more

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BPM is a Discipline…

BPM is a discipline. It is something that you do. It is not a product. Fujitsu put together a poster on Business Process Management.  In it, they say ‘BPM Business Process Management is a discipline involving any combination of modeling, … read more

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BPM is about Cost Savings…

…Or is it? From BPM.com – This week at AppianWorld… One of the first sessions was by CME Group, the world’s largest derivatives market place who manages more than “$1 Quadrillion” in annual transaction volume… CME runs its business on BPM. To … read more

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Monitor Your Processes

“At the time of designing (and probably automation) process might look good and complete without issues. In reality some new issues, bottlenecks and/or opportunities might arise. You will not be able to resolve them or take advantage of opportunities unless … read more

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BPM Failures

Rainer Ribback recently posted 5 reasons that BPM projects fail. All functions – no metrics Include the business and mean it Scope Missed adoption planning The ambiguous roadmap   I will add my views on a few of these: Metrics … read more

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Process Improvement Process

The benefits of business process management There are many benefits to managing your business processes.  The benefits may differ from company to company, but they are very real. The University of San Francisco posted a blog that identifies some important … read more

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Process Management…

From a BPM.com posting… A business exists to provide value to customers in exchange for something else of value.  Process means a flow of business activities and seeing those activities as connected toward achievement of some business transaction. I have … read more

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