Business Process Model

From Open Risk Manual


Business Process Model denotes any technique aimed at describing in detail the processes involved in organized business activity.

Representing processes of an enterprise allows analysis, improvements and / or automated. BPM is performed by business analysts, who provide expertise in the modeling discipline or by subject matter experts, who have specialized knowledge of the processes being modeled

A business process model is lower level description and (conceptually) a component of a Business Model: a framework for creating economic, social, and/or other forms of value. The term business model is used for a broader range of informal and formal descriptions of a business, including purpose, offerings, strategies, infrastructure, organizational structures, trading practices, and operational processes and policies.

See Also