Business Process Management Assignment Example | Topics and Well Written Essays - 1000 words

Business Process Management - Assignment Example rs is because it has worked in eliminating symptoms of business dysfunction such as slow service rate, poor data management and inefficiency in customer service. While this process is crucial for any organization, it is surrounded by a number of challenges and disadvantages that make it hard to implement. However, in the face of current business competition, it is crucial for every organization to focus on business process management to ensure that they remain competitive through efficiency in accomplishment of their goals and objectives. Business process management is a strategy that is concerned with streamlining business operations to ensure that they are optimally efficient. In other word, it is referred to as business process optimization through technological strategies. The BPM is based on the principle that if the organizational functions are accomplished with high efficiency, it is possible for an organization to achieve higher profits (Bhasin & Parrey, 2013). BPM ensures that there efficient information processing, project monitoring, risk measurement and service delivery within the organization. There is a great link between the line of business and the information technology in developing efficient business systems. With the current proliferation of technology, BPM has become an important aspect in deploying information technology in streamlining business operations. For instance, software applications are currently used to process large data to ensure that a company can use a wide range of data to make b usiness decisions. Software systems are used to monitor business operations to ensure that the projects remain within the schedule, which is critical in following the critical path. In large business organizations, technology is used to streamline communication within the organization among the employees. Efficiency in business operation is responsible for increase in the organizational profits. Business process management has both advantages and