Realize Value Phase
Business process management (BPM) is a management approach that keeps an organizations business process in line with the demands of customers. It ensures that businesses are efficient, effective and adjustable. Different organizations face a dispute in developing a Business Process Management (BPM) that is appropriate to all organizations in all circumstances. There are ten phases in the implementation of BPM: Organization strategy, Process architectures, Launch pad, Understand, Innovate, Develop, People, Realize value and Sustainable performance. Realize Value phase through the project owner, team, sponsor and the business ensures that advantages stated in the project or program of a business are attained. So that the management can proceed in funding the continuation of the projects. For a project to be treated as complete its purpose has to be achieved and the business should be able to sustain its outcome. Every successful BPM project relies on some important components that spread through all phases of the project foundation. For a baseline to be valid, it should be solid, can defend itself from close examination by others and that which is in line with business case. A baseline measures improvements and enables comparison with scenarios of future modifications.
Leadership is a requirement for a successful BPM project. For a business, change program to be prosperous, senior leadership must back it. A program would strive to obtain funds and liability from the business if it lucks the support from leadership. People’s commitment to change matters more than the details of the plan for change. Delegation of responsibilities by leaders determines the effectiveness of the outcomes of BPM projects. Many implementations that turned out to be profitable had high obligation, diligence and process maturity development or understanding of the executive leaders. BPM project management is a necessary profession for any...
Please join StudyMode to read the full document