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Journal articles on the topic 'Risk-Aware Business Process Management'

Author: Grafiati
Published: 4 June 2021
Last updated: 1 February 2022

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1

Lhannaoui, Hanane, Mohammed Issam Kabbaj, and Zohra Bakkoury. "A Survey of Risk-Aware Business Process Modelling." International Journal of Risk and Contingency Management 6, no. 3 (July 2017): 14–26. http://dx.doi.org/10.4018/ijrcm.2017070102.

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For organizations, risk is a key concept when dealing with business process. Integrating risks aspects during business process management starts with an accurate consideration of risk's characteristics in the modelling phase. Most research is needed on integrating risk and business process modelling. Actually, the literature suggests various approaches to represent risk-related information in business process models. The diversity of those methods and the fact that this domain is still emerging make it difficult to choose the most suitable language. This paper aims to represent a survey of the existing risk-annotated business process model's notations.
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Lassoued, Yosra, Lotfi Bouzguenda, and Tariq Mahmoud. "Context-Aware Business Process Versions Management." International Journal of e-Collaboration 12, no. 3 (July 2016): 7–33. http://dx.doi.org/10.4018/ijec.2016070102.

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This work deals with a very active and promising research area that is the Business Process (BP) flexibility. One possible way to deal with this flexibility is the conjoint use of versioning and contextualization techniques. Versioning permits BP evolution by supporting the alternative use of BP versions. Contextualization ensures the definition of use conditions of BP versions to help the designer choosing a version among several ones. In a previous work, BP flexibility had been addressed using only versioning technique by considering the informational, organizational and process perspectives. In this work, the authors show how they conjointly use both versioning and contextualization techniques to address the BP flexibility. More precisely, they propose an extension of the VBP2M meta-model (Versioned Business Process Meta Model), introduced in their previous work, by adding a contextual perspective that offers two levels of contexts granularity (local and global). This perspective is illustrated using a well-known case study «automatic production process of mineral water bottle ». An extension of the VBPQL language (Versioned Business Process Query Language) is also introduced to allow the definition, manipulating and querying of BP versions' contexts. Furthermore, the authors propose an ontology-based method to select the appropriate BP version. Finally, they present our tool that represents the implementation of the proposed solution.
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Thabet, Rafika, Dominik Bork, Amine Boufaied, Elyes Lamine, Ouajdi Korbaa, and Hervé Pingaud. "Risk-aware business process management using multi-view modeling: method and tool." Requirements Engineering 26, no. 3 (March 23, 2021): 371–97. http://dx.doi.org/10.1007/s00766-021-00348-2.

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AbstractRisk-aware Business Process Management (R-BPM) has been addressed in research since more than a decade. However, the integration of the two independent research streams is still ongoing with a lack of research focusing on the conceptual modeling perspective. Such an integration results in an increased meta-model complexity and a higher entry barrier for modelers in creating conceptual models and for addressees of the models in comprehending them. Multi-view modeling can reduce this complexity by providing multiple interdependent viewpoints that, all together, represent a complex system. Each viewpoint only covers those concepts that are necessary to separate the different concerns of stakeholders. However, adopting multi-view modeling discloses a number of challenges particularly related to managing consistency which is threatened by semantic and syntactic overlaps between the viewpoints. Moreover, usability and efficiency of multi-view modeling have never been systematically evaluated. This paper reports on the conceptualization, implementation, and empirical evaluation of e-BPRIM, a multi-view modeling extension of the Business Process-Risk Management-Integrated Method (BPRIM). The findings of our research contribute to theory by showing, that multi-view modeling outperforms diagram-oriented modeling by means of usability and efficiency of modeling, and quality of models. Moreover, the developed modeling tool is openly available, allowing its adoption and use in R-BPM practice. Eventually, the detailed presentation of the conceptualization serves as a blueprint for other researchers aiming to harness multi-view modeling.
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Künzle, Vera, Barbara Weber, and Manfred Reichert. "Object-Aware Business Processes." International Journal of Information System Modeling and Design 2, no. 2 (April 2011): 19–46. http://dx.doi.org/10.4018/jismd.2011040102.

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Despite the increasing maturity of process management technology not all business processes are adequately supported by it. Support for unstructured and knowledge-intensive processes is missing, especially since they cannot be straight-jacketed into predefined activities. A common characteristic of these processes is the role of business objects and data as drivers for process modeling and enactment. This paper elicits fundamental requirements for effectively supporting such object-aware processes; i.e., their modeling, execution, and monitoring. Imperative, declarative, and data-driven process support approaches are evaluated and how well they support object-aware processes are investigated. A tight integration of process and data as major steps towards further maturation of process management technology is considered.
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Stevovic, Jovan, Jun Li, Hamid R. Motahari Nezhad, Fabio Casati, and Giampaolo Armellin. "Business process management enabled compliance-aware medical record sharing." International Journal of Business Process Integration and Management 6, no. 3 (2013): 201. http://dx.doi.org/10.1504/ijbpim.2013.056961.

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Keriakos, Mariam, Hoda M. Hosny, and Sherif G. Aly. "Context-aware goal-oriented business process aspect modelling." International Journal of Business Process Integration and Management 6, no. 2 (2013): 112. http://dx.doi.org/10.1504/ijbpim.2013.054677.

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7

H.Haggag, Mohamed, Ayman E.Khedr, and Hend S.Montasser. "A Risk-Aware Business Process Management Reference Model and Its Application in an Egyptian University." International Journal of Computer Science & Engineering Survey 6, no. 2 (April 30, 2015): 11–27. http://dx.doi.org/10.5121/ijcses.2015.6202.

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8

Umurzakov, Sardor. "Business Process Management in Financial and Non-Financial Institutions: Payment Process Modelling in Financial Flows Management." INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE AND BUSINESS ADMINISTRATION 3, no. 5 (2017): 50–54. http://dx.doi.org/10.18775/ijmsba.1849-5664-5419.2014.35.1006.

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Business process management is a progressively developing area of science, which is seen as the most modern and forward-looking innovative. Modern business operations remain highly dependent on IT solutions to steer the processes. Business process management solutions have been the clue for easing daily business operations. IT solutions have actively penetrated the working environment in all areas of business, especially the financial sector. It is beyond to imagine modern financial markets and institutions without IT software support. Not only billing, calculation and payment processes, even stock pricing, market analysis and risk monitor tools are fully computerized through business process modeling. This article studies the current role of business process management in the sample of internal payment and transaction in non-financial and financial firms.
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9

Kliem, Ralph L. "Risk Management for Business Process Reengineering Projects." Information Systems Management 17, no. 4 (September 2000): 66–68. http://dx.doi.org/10.1201/1078/43193.17.4.20000901/31256.12.

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Flores-Jimeno, Rocío, and Inmaculada Jimeno-García. "Dynamic analysis of different business failure process." Problems and Perspectives in Management 15, no. 2 (September 27, 2017): 486–99. http://dx.doi.org/10.21511/ppm.15(si).2017.02.

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This work is framed in the research of business failure. We examine a method of analyzing the dynamics of financial failure. The authors examine a method of analyzing the dynamics of financial failure, because our goal is to analyze how the economic and financial indicators show the risk of failure in a group of companies. Using a sample of 163 companies declared bankrupt or dissolved, the authors show how to depict company trajectories of behavior and movement to terminal failure. They analyze these trajectories to find and describe empirical evidence of the different dynamics of bankruptcy. The authors also show that the estimation of failure risk is more accurate when these different failure trajectories are defined. In conclusion, the authors can see that there are different failure trajectories. One can use these different trajectories to identify more efficiently the indicators warning of the failure risk of the companies analyzed.
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Kozyrieva, Olena, Veronika Khudolei, Valentina Vyhovska, Maksym Zabashtanskyi, and Andrii Rogovyi. "Mining Business Risk Management." E3S Web of Conferences 174 (2020): 04043. http://dx.doi.org/10.1051/e3sconf/202017404043.

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In the mining industry, as a dangerous industry related to the specifics of its production, in particular, the process of risk management and analysis should be taken into account. One of the main reasons of occupational accidents, in addition to human error and technical failures, is the lack of foresight of possible accidental events, and the lack of assessment by a company of the risks associated with occupational safety. The article considers the main risks in the mining industry, analyses the problems of modern systems of risk assessment and management of mining investment projects, methods and sequence of qualitative and quantitative risk assessment, provides recommendations for their improvement in order to bring them in line with international risk management standards.
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Pérez-Castillo, Ricardo, Barbara Weber, Jakob Pinggera, Stefan Zugal, Ignacio García-Rodríguez de Guzmán, and Mario Piattini. "Generating event logs from non-process-aware systems enabling business process mining." Enterprise Information Systems 5, no. 3 (August 2011): 301–35. http://dx.doi.org/10.1080/17517575.2011.587545.

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13

Cernauskas, Deborah, and Anthony Tarantino. "Operational risk management with process control and business process modeling." Journal of Operational Risk 4, no. 2 (June 2009): 3–17. http://dx.doi.org/10.21314/jop.2009.061.

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14

Zigic, Danica, and Miroljub Hadzic. "The process of risk management in financial business." Singidunum Journal of Applied Sciences 9, no. 2 (2012): 33–40. http://dx.doi.org/10.5937/sjas1202033z.

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15

Rusu, Lucia, Dan Benta, Sergiu Jecan, and Oana Dines. "BUSINESS PROCESS ANALYSIS FOR RISK MANAGEMENT IN PAV3M." Environmental Engineering and Management Journal 16, no. 4 (2017): 949–56. http://dx.doi.org/10.30638/eemj.2017.096.

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16

Jan, Steve T. K., Vatche Ishakian, and Vinod Muthusamy. "AI Trust in Business Processes: The Need for Process-Aware Explanations." Proceedings of the AAAI Conference on Artificial Intelligence 34, no. 08 (April 3, 2020): 13403–4. http://dx.doi.org/10.1609/aaai.v34i08.7056.

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Business processes underpin a large number of enterprise operations including processing loan applications, managing invoices, and insurance claims. The business process management (BPM) industry is expected to grow at approximately 16 Billion dollar by 2023. There is a large opportunity for infusing AI to reduce cost or provide better customer experience with a $15.7 trillion “potential contribution to the global economy by 2030”. To this end, the BPM literature is rich in machine learning solutions including unsupervised learning to gain insights on clusters of process traces, classification models to predict the outcomes, duration, or paths of partial process traces, extracting business process from documents, and models to recommend how to optimize a business process or navigate decision points. More recently, deep learning models including those from the NLP domain have been applied to process predictions.Unfortunately, very little of these innovations have been applied and adopted by enterprise companies. We assert that a large reason for the lack of adoption of AI models in BPM is that business users are risk-averse and do not implicitly trust AI models. There has, unfortunately, been little attention paid to explaining model predictions to business users with process context. We challenge the BPM community to build on the AI interpretability literature, and the AI Trust community to understand what it means to take advantage of business process artifacts in order to provide business level explanations.
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Richman Miyambu, Gezani, and Solly Matshonisa Seeletse. "Numeric measurement of business process optimization." Environmental Economics 7, no. 4 (December 9, 2016): 20–24. http://dx.doi.org/10.21511/ee.07(4).2016.02.

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The paper describes a simple, straightforward method to measure progress of business process optimization (BPO). The aim is to derive measures of the degree of BPO attainment in order to identify future priority focus for ensuing exercises. These measures can help to identify components of business that should be improved towards full optimization of processes in business. In an ideal case of the business containing all the components, a large business scenario is assumed. However, flexibility is permissible when changes are experienced with either some business aspects missing or new ones added. A measure of BPO progress was eventually developed based on these circumstances. A BPO measurement is described for presentation as a percentage or proportion. Keywords: BPE, BPO, change management, measure, risk management, success factor. JEL Classification: C1, C3, C5, C6, O3
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Doyle, Rachelle A. "Process safety management at Woodside – creating a sustainable global approach." APPEA Journal 57, no. 2 (2017): 430. http://dx.doi.org/10.1071/aj16188.

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Woodside’s Process Safety Management (PSM) Initiative introduced a framework for a holistic, effective and sustainable PSM system. We adapted an international industry standard to develop our own company-specific PSM procedure. Embedding PSM requirements into the existing Woodside Management System and workforce behaviours enables the business to execute consistent, proactive PSM throughout the exploration and production lifecycle – across assets and countries. Change was facilitated through creating a shared vision for process safety, ‘We all own, understand and act to control process safety risks’. We set clear expectations for ourselves and those we work with (our contractors) through defined roles and responsibilities. Fundamentally we moved our mindset to being ‘Line-Led, Risk-Based’, placing high value on visible leadership and operational discipline. Behavioural change was supported with a comprehensive training curriculum aligned to competencies and a coaching program. To facilitate consistent application of PSM across our global operations, we implemented a system using a whole of company approach. A key focus was applying a deep understanding of the hazards and risks in the business to establish a framework for quality multi-discipline risk assessments and risk-based decision making. Implementation included a suite of supporting technical and management system changes to grow a high value process safety culture – where we actively seek out the challenging issues and see the red indicators as opportunity for improvement. Our PSM Initiative empowers sustainable process safety performance through a risk aware workforce where everyone knows their top process safety risks and is required to take action to manage those risks.
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19

Bezerra, Fabio, and Jacques Wainer. "Fraud detection in process aware systems." International Journal of Business Process Integration and Management 5, no. 2 (2011): 121. http://dx.doi.org/10.1504/ijbpim.2011.040204.

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20

Battirola Filho, Julio Cesar, Flávio Piechnicki, Eduardo de Freitas Rocha Loures, and Eduardo Alves Portela Santos. "Process-aware FMEA framework for failure analysis in maintenance." Journal of Manufacturing Technology Management 28, no. 6 (July 3, 2017): 822–48. http://dx.doi.org/10.1108/jmtm-11-2016-0150.

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Purpose The purpose of this paper is to establish a Process-aware FMEA (PAFMEA) development environment in order to face the main Failure Mode Effect Analysis (FMEA) deficiencies concerning failure analysis in maintenance. Design/methodology/approach The proposed framework integrates Delphi methodology to obtain consensus of specialists’ opinions, analytic hierarchy process (AHP) to perform multiple criteria-based risk assessment and a business process management system to instantiate the development cycle. A conceptual model is presented and analyzed through a case study. Findings PAFMEA reveals a new perception in the evaluation and prioritization of failure modes during maintenance failure analysis, such as risk definition and resource availability, dealing with conflicting characteristics in decision-making approaches. Practical implications The PAFMEA environment includes requirements that are grouped with a process instantiation of an AHP structure, providing a high degree of applicability and performance to the development cycles of the FMEA. The new method confronts the classical risk assessment approach and contributes to the literature, adding new perspectives to the FMEA analysis. Originality/value PAFMEA brings new and promising perspectives to the FMEA development cycle, which, in short, means adding on a multi-criteria failure analysis method (AHP) through a process-aware platform, with performance impacts in FMEA knowledge sharing, decision making and delivery.
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Lamine, Elyes, Rafika Thabet, Amadou Sienou, Dominik Bork, Franck Fontanili, and Herve Pingaud. "BPRIM: An integrated framework for business process management and risk management." Computers in Industry 117 (May 2020): 103199. http://dx.doi.org/10.1016/j.compind.2020.103199.

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Lamine, Elyes, Rafika Thabet, Amadou Sienou, Dominik Bork, Franck Fontanili, and Herve Pingaud. "BPRIM: An integrated framework for business process management and risk management." Computers in Industry 113 (December 2019): 103129. http://dx.doi.org/10.1016/j.compind.2019.103129.

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23

Špaček, Miroslav. "Business Process Risk Modelling in Theory and Practice." Quality Innovation Prosperity 25, no. 1 (March 31, 2021): 55–72. http://dx.doi.org/10.12776/qip.v25i1.1551.

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Purpose: The purpose of the paper is to introduce SW based decision-making tool that helps managers cope with risks and uncertainties of selected industrial processes. The solution is substantiated by the theoretical background. Methodology/Approach: The research is based on combination of contextual interviews with process management experts and Business Process Modelling Notion (BPMN). The former is aimed at the identification of industrial processes with highest risk exposure the latter is conducive to the design of processes to be subjected to stochastic simulation. Findings: The findings show that the risks and uncertainties in the management of industrial processes can be kept under control when using advanced tools of risk analysis as simulation approaches. The solution proposed comes in handy to risk analysts or process managers. Research Limitation/Implication: The library of process models which were included into stochastic simulation includes selected processes as investments, service providing or economic value-added engineering. Additional processes are being included on ongoing basis. Originality/Value of paper: The paper offers the solution to industrial process risk management which goes far beyond academic sphere and provides industrial practitioners SW tool that facilitates process risk management.
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Huang, Weihong. "Towards Context-Aware Knowledge Management in e-Enterprises." Journal of Advanced Computational Intelligence and Intelligent Informatics 9, no. 1 (January 20, 2005): 39–45. http://dx.doi.org/10.20965/jaciii.2005.p0039.

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To reduce the negative impact of knowledge loss and to improve knowledge reuse effectiveness in knowledge management in e-Enterprises, this paper presents a context-aware approach to facilitate managing various types of static enterprise information and dynamic process information. Proposed approach features representing and integrating information at different conceptual levels to present contextual knowledge in an open environment. In this paper, we redefine the concept of context in intelligent systems and propose a set of meta-information elements for context description in business environments. In realising the context-awareness in knowledge management, we present a context knowledge structure model and look into the corresponding context knowledge storage and reuse solutions. To enhance context-aware knowledge management for e-Businesses over the global network, we introduce a new concept of Context Knowledge Grid with a layered knowledge interoperation reference model, which are supposed to leverage the contextual knowledge in e-Enterprises and enable interoperation with other knowledge frameworks such as the Semantic Web and the Semantic Grid.
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25

Zhao, Xiaohui, Sira Yongchareon, and Nam-Wook Cho. "Enabling situational awareness of business processes." Business Process Management Journal 27, no. 3 (March 4, 2021): 779–95. http://dx.doi.org/10.1108/bpmj-07-2020-0331.

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PurposeThe purpose of this research is to explore the ways of integrating situational awareness into business process management for the purpose of realising hyper automated business processes. Such business processes will help improve their customer experiences, enhance the reliability of service delivery and lower the operational cost for a more competitive and sustainable business.Design/methodology/approachOntology has been deployed to establish the context modelling method, and the event handling mechanisms are developed on the basis of event calculus. An approach on performance of the proposed approach has been evaluation by checking the cost savings from the simulation of a large number of business processes.FindingsIn this research, the authors have formalised the context presentation for a business process with a focus on rules and entities to support context perception; proposed a system architecture to illustrate the structure and constitution of a supporting system for intelligent and situation aware business process management; developed real-time event elicitation and interpretation mechanisms to operationalise the perception of contextual dynamics and real-time responses; and evaluated the applicability of the proposed approaches and the performance improvement to business processes.Originality/valueThis paper presents a framework covering process context modelling, system architecture and real-time event handling mechanisms to support situational awareness of business processes. The reported research is based on our previous work on radio frequency identification-enabled applications and context-aware business process management with substantial extension to process context modelling and process simulation.
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Pryss, Rüdiger, and Manfred Reichert. "Robust Execution of Mobile Activities in Process-Aware Information Systems." International Journal of Information System Modeling and Design 7, no. 4 (October 2016): 50–82. http://dx.doi.org/10.4018/ijismd.2016100104.

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Process management technology constitutes a crucial component of service-oriented environments as it facilitates the composition of services at design time and their orchestration at run time. In this context, high flexibility is required as business functions must be quickly adaptable to cope with dynamic changes in the business. The tremendous proliferation of smart mobile devices over the last years has fostered their prevalence in knowledge-intensive areas. As a result, it is frequently demanded to enhance process-aware information systems with mobile activity support. The latter constitutes process activities (i.e., single process steps) to be executed on smart mobile devices. In general, the technical integration of this activity type with existing process management technology is challenging. If a mobile context shall be additionally considered when executing the activities, the integration gets even more complex. However, the use of such a mobile context offers several advantages. For example, (mobile) activity execution time can be significantly decreased if mobile activities are only assigned to those users whose location is close to the one of the mobile activity. Existing research approaches mainly focus on the partitioning of processes and the distributed execution of the resulting fragments on smart mobile devices. Opposed to this fragmentation concept, this paper proposes an approach to enable the robust and flexible execution of single process activities on smart mobile devices.
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27

Sienou, Amadou, Achim Karduck, and Hervé Pingaud. "TOWARDS A FRAMEWORK FOR INTEGRATING RISK AND BUSINESS PROCESS MANAGEMENT." IFAC Proceedings Volumes 39, no. 3 (2006): 647–52. http://dx.doi.org/10.3182/20060517-3-fr-2903.00329.

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28

Nezhyva, Mariia, Olha Zaremba, and Viktoriia Mysiuk. "International trade risk management under the impact of globalization." SHS Web of Conferences 111 (2021): 01016. http://dx.doi.org/10.1051/shsconf/202111101016.

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Doing business in condition of international trade, a stable and competitive business environment is vital to operate efficiently and attract inward investment. Businesses can assess these factors alongside challenges such as corruption, political instability and terrorism to understand the strengths and weaknesses of an operating environment and for strategic investment decisions. In terms of open economy and globalization trends, business faced a lot of different challenges with their specific risks, hence an effective risk assessment approach and management is extremely vital for economic security of business and especially for all country doing business with other countries trying to succeed. The article presents risk management plan content that helps to structure business risk management process and provide with the measures how to deal with risks.
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Catarci, Tiziana, Francesco Leotta, Andrea Marrella, Massimo Mecella, and Mahmoud Sharf. "Process-Aware Enactment of Clinical Guidelines through Multimodal Interfaces." Computers 8, no. 3 (September 11, 2019): 67. http://dx.doi.org/10.3390/computers8030067.

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Healthcare is one of the largest business segments in the world and is a critical area for future growth. In order to ensure efficient access to medical and patient-related information, hospitals have invested heavily in improving clinical mobile technologies and spreading their use among doctors towards a more efficient and personalized delivery of care procedures. However, there are also indications that their use may have a negative impact on patient-centeredness and often places many cognitive and physical demands on doctors, making them prone to make medical errors. To tackle this issue, in this paper, we present the main outcomes of the project TESTMED, which aimed at realizing a clinical system that provides operational support to doctors using mobile technologies for delivering care to patients, in a bid to minimize medical errors. The system exploits concepts from Business Process Management (BPM) on how to manage a specific class of care procedures, called clinical guidelines, and how to support their execution and mobile orchestration among doctors. To allow a non-invasive interaction of doctors with the system, we leverage the use of touch and vocal user interfaces. A robust user evaluation performed in a real clinical case study shows the usability and effectiveness of the system.
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Ubaid, Alaa M., and Fikri T. Dweiri. "Business process management (BPM): terminologies and methodologies unified." International Journal of System Assurance Engineering and Management 11, no. 6 (February 21, 2020): 1046–64. http://dx.doi.org/10.1007/s13198-020-00959-y.

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Janeliūnienė, Rasma, and Vida Davidavičienė. "IT RISK IDENTIFICATION PROCESS ANALYSIS / IT RIZIKOS IDENTIFIKAVIMO PROCESO ANALIZĖ." Mokslas - Lietuvos ateitis 5, no. 1 (April 5, 2013): 46–52. http://dx.doi.org/10.3846/mla.2013.07.

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Business processes and business success that depends on information technology (IT) is now closely associated with IT risks, which is influenced by growing IT risk management and control needs. It is vitally important to identify, analyse and reduce systemic risk in order to avoid undesirable consequences, such as information loss, data leaks or damage. A critical success factor in this situation is the systematic and continuous IT risk management. This paper aims to analyse one part of the IT risk management process –risk identification. The article invoked the methods of literature analysis, synthesis, comparison, and generalization.Article in Lithuanian Santrauka Išaugusi verslo procesų, kartu ir verslo sėkmės, priklausomybė nuo informacinių technologijų (IT) šiuo metu yra glaudžiai susijusi su IT rizika. Tai daro įtaką augančiam IT rizikos valdymo ir kontrolės poreikiui. Nepaneigtina tai, kad identifikuota, išanalizuota ir sumažinta sistemos rizika leidžia išvengti nepageidaujamų pasekmių, tokių kaip informacijos praradimas, nutekėjimas ar duomenų sugadinimas. Pagrindinis sėkmės veiksnys siekiant užtikrinti organizacijos sėkmę valdant IT yra sistemingas ir tęstinis IT rizikos valdymas. Straipsnyje keliamas tikslas išanalizuoti vieną iš IT rizikos valdymo proceso etapų – rizikų identifikavimą. Straipsnyje pasitelkiami tokie metodai, kaip mokslinės literatūros analizė, sisteminimas, apibendrinimas.
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Trifonov, Ivan V. "Project risk management in the field of venture business." Theoretical and Practical Aspects of Management, no. 9 (August 24, 2020): 139–55. http://dx.doi.org/10.46486/0234-4505-2020-9-139-155.

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Relevance. Project activity in the field of venture business is directly related to the uncertainty and risks that arise both at the planning stage and during the implementation of the project. In the field of venture business, the risk management process is very relevant, since the venture industry is directly related to high-risk investments. Today, project management in the field of venture business is relevant for both small businesses and large companies. Today, there is a well-developed practice of small businesses entering into alliances with large companies to achieve economies of scale, and large businesses, in turn, are restructuring to apply all the effects of small business. Thus, a synergistic effect is achieved from the activities of small and medium-sized businesses with large businesses. The objectives of the research are to improve the risk management mechanisms of projects in the field of venture business, which are aimed at improving the efficiency of enterprises and developing measures to minimize the effect of the onset of risk events. When conducting research in this area, methods of comparative analysis, expert assessments, scenario analysis, and risk-based approach are used. The scientific novelty consists in the development of theoretical foundations and methodological approaches to risk management of projects in the field of venture business. Results. The methods of managing venture projects are analyzed. Practical tools for risk management in a project for developing a car sharing network are presented. The results of the study can be used in projects of an innovative nature, which have a high degree of uncertainty. Conclusion. The article is intended for specialists in the field of project management, teachers and postgraduates of universities, entrepreneurs and managers of enterprises. It will allow you to get acquainted with the features of risk management of projects in the field of venture business.
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Xu, Tao. "E-Commerce Risk Analysis with Fuzzy Analytic Hierarchy Process." Applied Mechanics and Materials 571-572 (June 2014): 1129–32. http://dx.doi.org/10.4028/www.scientific.net/amm.571-572.1129.

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Fuzzy Analytic Hierarchy Process (FAHP) has been applied widely in risk measurement. In this paper, we have applied FAHP to the risk measurement of an e-commerce business. The results indicate that FAHP can reveal more details of risks. It is also helpful for the e-commerce businesses to improve their risk management process.
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Comite, Ubaldo, Kechen Dong, Rita Yi Man Li, M. James C. Crabbe, Xue-Feng Shao, and Xiao-Guang Yue. "An Economic–Business Approach to Clinical Risk Management." Journal of Risk and Financial Management 13, no. 6 (June 23, 2020): 135. http://dx.doi.org/10.3390/jrfm13060135.

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This paper introduces risk factors in the field of healthcare and discusses the clinical risks, identification, risk management methods, and tools as well as the analysis of specific situations. Based on documentary analysis, an efficient and coherent methodological choice of an informative and non-interpretative approach, it relies on “unobtrusive” and “non-reactive” information sources, such that the research results are not influenced by the research process itself. To ensure objective and systematical analysis, our research involved three macro-phases: (a) the first involved a skimming (a superficial examination) of the documents collected; (b) the second reading (a thorough examination) allowed a selection of useful information; (c) the third phase involved classification and evaluation of the collected data. This iterative process combined the elements of content and thematic analysis that categorised the information into different categories which were related to the central issues for research purposes. Finally, from the perspective of safety analysis and risk management, we suggest that comprehensive control and operation should be conducted in a holistic way, including patient safety, cost consumption, and organizational responsibility. An organizational strategy that revolves around a constant and gradual risk management process is an important factor in clinical governance which focuses on the safety of patients, operators, and organizations.
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Khosravi, Ali. "Business process rearrangement and renaming." Business Process Management Journal 22, no. 1 (February 5, 2016): 116–39. http://dx.doi.org/10.1108/bpmj-02-2015-0012.

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Purpose – Process orientation, which involves managing organizations based on horizontal end-to-end processes, has been shown to increase the quality of products/services, decrease costs, and make business functions faster and more reliable. However, current process orientation methods are radical and destructive, leading to failure in most cases. The purpose of this paper is to present a non-destructive method of implementation. Design/methodology/approach – Supporting by literature review and two case studies, this paper presents a new process orientation methodology named as Business Process Rearrangement and Renaming (BPR2). Findings – The existing process management methodologies mostly aim to provide a comprehensive view on all of the main activities involved in process management and strategic alignment, with insignificant focus on mitigating the risk of failure in their redesign stage. In contrast, every step in the methodology presented in this paper, including the design phase, aim to reduce the risk of failure. Practical implications – Name is the most communicated characteristic of a department; however, this most communicated characteristic of the departments has always been the most neglected characteristic as well. For the first time in the literature, this paper provides a description on how to use the power of departmental names to promote the main customer values expected from each department. Originality/value – Added to a detailed guideline on the new process design and process names, this paper presents a new marketing mix model with a process-oriented delegation of authority view, which may be of interest to the marketing researchers and practitioners.
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Emblemsvåg, Jan. "The augmented subjective risk management process." Management Decision 48, no. 2 (March 9, 2010): 248–59. http://dx.doi.org/10.1108/00251741011022608.

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Elahi, Fazal, and Ahmad Raza Bilal. "Improving parent teacher meeting process through business process management life-cycle approach." Business Process Management Journal 26, no. 2 (September 10, 2019): 528–47. http://dx.doi.org/10.1108/bpmj-01-2019-0030.

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Purpose The purpose of this paper is to propose and validate the process of parent teacher meeting in private schools through applying BPM life-cycle approach and using quality tools to fill the gap of standardized practices for parent teacher meeting (PTM). Design/methodology/approach BPM life-cycle approach (Dumas et al., 2013) was used and two focus groups were conducted at first and second stage. The recommendations of previous studies for third, fourth and fifth stage of BPM and quality tools like SIPOC chart, responsibility assignment matrix (RAM) and CTQ trees were used for process management. Findings The previous studies reveal that, in developing countries, most of the private schools are not fully aware from the benefits of PTM. Beside, where the evidence of PTM is seen in few instances, no standardized process is available to conduct an effective PTM process. Owing to long-term sustainability and reciprocate economic benefits, school management is desired to have a standardized PTM process for an effective all-round performance. Likewise, the parents have a lot of expectations from schools and they want to be treated in a mannered way in which their complaints are formally addressed from the school management. The authors formulated all three phases from start to end process. The proposed process is validated in four private schools and got satisfactory results in terms of increased parents’ participation and decreased number of complaints. Research limitations/implications This process will facilitate school managers to deal with parents effectively, collect the data from PTM, analyze it and use for the continuous improvement. Implementation of this process will ensure better meeting environment for the parents as well as for the teachers. The study bridges between quality management tools and BPM approach to improve the state of art of BPM practices that will lead to generate a trend of application of quality tools and management theories in private schooling industry. Originality/value The authors first time used BPM life-cycle approach to manage the process of PTM in private schools. The authors design a process to match the working of schools and the application of desired quality tools.
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Špaček, Miroslav, Petr Půlpán, and Zdeněk Kopecký. "Management of business processes using stochastic simulation." SHS Web of Conferences 83 (2020): 01066. http://dx.doi.org/10.1051/shsconf/20208301066.

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The paper deals with risks and uncertainties that are related to business processes. The risks and uncertainties (risk factors) can significantly influence organizational performance, value creation and long term-sustainability. Managers are often puzzled with making decisions in the environment of breakthrough discontinuities. The main outcome of the paper is the presentation of purposefully developed software tool that uses stochastic simulation of risks and uncertainties of business processes to support making optimum managerial decisions. This software is able to simulate any process risk factors that are describable by a mathematical model. The model was tested on the examples of production and investment cases. The research applied Business Process Modelling Notation Approach (BPMN) as well as mathematical and stochastic modelling. In addition, contextual interviews with company managers and risk specialists were used to get unbiased, reliable, and professional information on determination and analysis of process risk factors. The research was also supported by the evidence provided by the case study that illustrates software based decision-making process relating to opting for technology variant.
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Gonzalez-Lopez, Fernanda, and Guillermo Bustos. "Business process architecture design methodologies – a literature review." Business Process Management Journal 25, no. 6 (September 17, 2019): 1317–34. http://dx.doi.org/10.1108/bpmj-09-2017-0258.

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PurposeThe purpose of this paper is to describe the current state of the research field of business process architecture (BPA) and its design methodologies.Design/methodology/approachA systematic literature review (SLR) was conducted using meta- and content-based perspectives.FindingsFrom over 6,000 candidate studies, 89 were selected. A fifth of these primary works corresponded to BPA design methodologies. Though the BPA research field remains in an early stage of development, it bears promising growth potential. Regarding BPA design methodologies, the following aspects susceptible for further research were detected: identification and modeling of business process relationships; specification of inputs; standardization of models, notations and tool support; consideration of managerial concerns; integration of knowledge from other areas; and validation of methodological and product quality aspects.Research limitations/implicationsThe main limitation of the work lies in not being fully reproducible due to the fixed number of data sources and their digital nature, together with subjective decisions in work selection, data extraction and data analysis.Originality/valueTo the best of the authors’ knowledge no study has yet analyzed the BPA research field by means of an SLR. This study will benefit practitioners and research groups working on this topic by allowing them to get a rigorous overview of the BPA research field with an emphasis on available BPA design methodologies, and become aware of research gaps within the BPA field to position further research.
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Suri, Kunal, Walid Gaaloul, Arnaud Cuccuru, and Sebastien Gerard. "Semantic Framework for Energy-Aware Resource Management of IoT in Business Processes." International Journal of Systems and Service-Oriented Engineering 8, no. 1 (January 2018): 21–43. http://dx.doi.org/10.4018/ijssoe.2018010102.

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Recently, IoT adoption has increased in several domains. IoT devices are multi-modal and heterogeneous due to their varied properties, standards, and manufactures. This leads to interoperability issues, which can be solved using semantic technologies. Likewise, these devices participate in numerous cross-organizational business processes (BPs). Being resource-constrained, they must be managed in an energy-aware manner to avoid BP failures. However, due to lack of a common ontology and formalization of energy-related concepts impedes their optimal management in BPs. To bridge this gap, the authors capitalize on existing semantic models such as FIESTA-IoT and IoT-BPO. They propose the following: (i) formalization of IoT concepts in BPs related to energy, their properties and constraints, and (ii) resolving resource conflicts based on strategies. The feasibility of this framework is illustrated by evaluating the semantic model for its coverage of concepts from IoT-A reference model, along with proof of concept tools that allows ontology-based support for process modeling.
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Jain, Prerna, M. Sam Mannan, and Hans J. Pasman. "Process system resilience: from risk management to business continuity and sustainability." International Journal of Business Continuity and Risk Management 10, no. 1 (2020): 47. http://dx.doi.org/10.1504/ijbcrm.2020.10027388.

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Jain, Prerna, Hans J. Pasman, and M. Sam Mannan. "Process system resilience: from risk management to business continuity and sustainability." International Journal of Business Continuity and Risk Management 10, no. 1 (2020): 47. http://dx.doi.org/10.1504/ijbcrm.2020.105615.

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43

Ilvonen, Ilona, Jari J. Jussila, and Hannu Kärkkäinen. "Towards a Business-Driven Process Model for Knowledge Security Risk Management." International Journal of Knowledge Management 11, no. 4 (October 2015): 1–18. http://dx.doi.org/10.4018/ijkm.2015100101.

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The purpose of this paper is to introduce a model to manage knowledge security risks in organizations. Knowledge security risk management is a sensemaking process that should be carried out by managers, and the proposed model works as a tool for the sensemaking process. The model is illustrated with an analytical case example. The process model helps to identify knowledge security risks and provides a comprehensive approach to evaluating and balancing the costs and benefits of knowledge sharing and knowledge risk management. The paper addresses calls for research on the emerging topic of knowledge security and the important topic of new knowledge sharing tools from the combined perspectives of business benefits and risk management. The results presented in this paper are preliminary and conceptual, and further research on the topic is suggested. The process model proposed in this paper can be a valuable tool for practitioners aiming to develop knowledge sharing practices in companies, and at the same time need to consider the security of knowledge.
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Webb, Leticia R. "Business Intelligence in Audit." International Journal of Business Intelligence Research 3, no. 3 (July 2012): 42–53. http://dx.doi.org/10.4018/jbir.2012070104.

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Since 2002, regulations have changed the landscape of internal audit as well as how many internal audit departments are viewed by senior management and the board, making it difficult for internal audit, especially small and medium departments, to maintain a role in the risk management process. Many companies are beginning to realize the benefit of using business intelligence in the risk management process. By finding ways to get involved in those efforts, internal audit can again provide value and regain a seat at the risk management table.
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Hrabala, Martin, Michaela Opletalováb, and David Tucekc. "Teaching business process management: Improving the process of process modelling course." Istrazivanja i projektovanja za privredu 15, no. 2 (2017): 113–21. http://dx.doi.org/10.5937/jaes15-12172.

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46

Sanchez-Ruiz, Lidia, and Beatriz Blanco. "Process Management Implementation Level - A Case Study from Cantabria." International Letters of Social and Humanistic Sciences 67 (March 2016): 70–77. http://dx.doi.org/10.18052/www.scipress.com/ilshs.67.70.

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Nowadays companies need to efficiently and quickly allocate their resources in order to be competitive and survive. Process management is one of the mechanisms that arise to meet these new needs, giving the company the flexibility to develop their business in today's competitive environment. However, despite companies are aware of the importance of process management, a high percentage of process management initiatives fail. Therefore more research should be done. In this study, the implementation level achieved by companies when implementing process management will be analysed. Results show that the Operations area is the one with most processes defined. Additionally, it may be concluded that it exists an unequal development of process management depending on the functional area.
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KITAJIMMA, Teiji, Yukiyasu SHIMADA, and Tetsuo FUCHINO. "S172024 Requirements Design of Risk Management Support System for Process Safety Management Based on Business Process Model." Proceedings of Mechanical Engineering Congress, Japan 2013 (2013): _S172024–1—_S172024–5. http://dx.doi.org/10.1299/jsmemecj.2013._s172024-1.

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48

Altuhhov, Olga, Raimundas Matulevičius, and Naved Ahmed. "An Extension of Business Process Model and Notation for Security Risk Management." International Journal of Information System Modeling and Design 4, no. 4 (October 2013): 93–113. http://dx.doi.org/10.4018/ijismd.2013100105.

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Business process modelling is one of the major aspects in the modern information system development. Recently business process model and notation (BPMN) has become a standard technique to support this activity. Typically the BPMN notations are used to understand enterprise's business processes. However, limited work exists regarding how security concerns are addressed during the management of the business processes. This is a problem, since both business processes and security should be understood in parallel to support a development of the secure information systems. In the previous work we have analysed BPMN with respect to the domain model of the IS security risk management (ISSRM) and showed how the language constructs could be aligned to the concepts of the ISSRM domain model. In this paper the authors propose the BPMN extensions for security risk management based on the BPMN alignment to the ISSRM concepts. We illustrate how the extended BPMN could express assets, risks and risk treatment on few running examples related to the Internet store regarding the asset confidentiality, integrity and availability. Our proposal would allow system analysts to understand how to develop security requirements to secure important assets defined through business processes. The paper opens the possibility for business and security model interoperability and the model transformation between several modelling approaches (if these both are aligned to the ISSRM domain model).
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TSAPOVA, Olga Alexandrovna, Valeriia Petrovna KADOCHNIKOVA, Yevgeniy Ivanovich KENDYUKH, Lyudmila Alexandrovna GORKOVENKO, Ruslan Maratovich SHARIPOV, and Nefas SAULIUS. "Risk Management in the System of Tourist Business Control." Journal of Environmental Management and Tourism 12, no. 1 (February 21, 2021): 211. http://dx.doi.org/10.14505/jemt.12.1(49).18.

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Any business is at risk, however, tourism business is the most risky, because it differs in latitude, cause of occurrence and other indicators, and all this accumulates into possible negative results which come after they occur. Risk management is a planned process in which organizations manage active crises. A crisis is defined as a time of difficulties or danger, and usually this is the time when you need to make difficult or dangerous decisions. By having a plan that describes the crisis management process, organizations can more easily adapt to the crisis.
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Schieg, Martin. "RISK MANAGEMENT IN CONSTRUCTION PROJECT MANAGEMENT." Journal of Business Economics and Management 7, no. 2 (June 30, 2006): 77–83. http://dx.doi.org/10.3846/16111699.2006.9636126.

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By adopting risk management, savings potentials can be realized in construction projects. For this reason, for project managers as well as real estate developers, a consideration of the risk management process is worthwhile. The risk management process comprises 6 process steps, which will be discussed in greater detail below. The integration of a risk management system in construction projects must be oriented to the progress of the project and permeate all areas, functions and processes of the project. In this, particular importance is attached to the risks in the personnel area, for, particularly for enterprises providing highly qualified services, specialized employees are essential for market success.
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