Business Process Management: Know the Top 5 MythsWith increased competition and demand, Business Process Management (BPM) is one of the fastest growing software markets. BPM not only offers effective organizational software solutions for improving business processes but also helps in increasing efficiency, and complying with regulation. Like every other technology, people have certain misconceptions about Business Process Management (BPM). Here is a brief overview of top 5 myths and misconceptions about BPM: Myth 1: Business Process Management is a work flow. Explanation: This is a misconception. Though earlier Business Process Management (BPM) started out as a work flow engine methodology for running business processes, it has now become a full- life cycle that includes various phases: modeling, process execution, process monitoring and reporting, process simulation and process optimization. Myth 2: Business Process Management is only meant for complex processes. Explanation: This is wrong as BPM is applied to organizational processes that are short and simple yet important for example: credit approval or document approval. BPM brings significant impact on a business's productivity by enabling managers to make quicker, better and more-informed decisions. Business Process Management (BPM) helps business owners to clearly view their business processes and foresee future problems using trend analysis, improve organizational efficiency, minimize risks, enforce organizational policies and reduce internal process complexity. Myth 3: Business Process Management is only for programmers. Explanation: Most of the times it is misconceived that Business Process Management (BPM) need programmers to create work flows. But the fact is, these tools are web-based wizards enabling business users to create work flows by themselves (drag n drop). This helps business people to customize their own work flows as per their business needs. IT people are only required to integrate BPM into external systems.Myth 4: Business Process Management is expensive Explanation: BPM tools no longer require large investments. All you need is to install a Windows 2003 server and an SQL server 2005 database. BPM (Business Process Management) software usually cost as per user, per company or per process. You may also hire BPM software on rent (see work flow as a service) thus saving money on maintenance and IT staff. BPM enables organizations to cut costs and hence reduce the number of employees by automating their business processes. Myth 5: BPM projects are long term projects Explanation: This is a misconception that Business Process Management projects take more time to complete, rather they go live in less than 45 days. By using the web-based and wizard-driven work flow, designers get processes up and running fast.
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