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Business-Based Risk
Corporate governance is no longer merely a ritual to be completed, but needs to be ingrained in the way an organisation functions. The need of the hour, therefore, is a comprehensive Business Process Management (BPM) approach. Business Process Management: The Next Evolution in Managing Workers Compensation Until recently, few organizations had efficient methods for orchestrating and managing the interactions among employees, not to mention the corporate systems involved in keeping workplace injuries and workers compensation costs to a minimum. As the global business environment becomes increasingly competitive, an organization’s business success depends on its ability to achieve efficiencies in managing these kinds of processes. Developing Risk Plans A risk plan allows an organization to rate and measure risks associated with a particular initiative, identify items on the critical path or high risk issues, and score those assessments against business metrics. With an accurate risk plan in place, businesses can objectively prioritize its requirements, get the right folks around the table, and focus on those projects that will yield the greatest benefits to the company. Forward-Thinking BPM Of the key trends driving BPM's future, the most dominant is compliance. Companies that have employed BPM tools to help ensure that they're complying with Sarbanes-Oxley have reaped some unanticipated benefits by strengthening their reporting, consolidation and financial transparency. Help Desk Can Provide Help for Process Improvements Help desks typically fail to provide information that would lead to improvement opportunities for both the IT function and their client users within the business. Looking Beyond Cost Savings in Outsourcing Many companies will share their own anecdotes about how, when they added up the costs of travel, coordination, delays and changes, the promised cost savings in outsourcing were much smaller than originally expected. Real-Time Or Hard Time: Using BPM To Reduce Enterprise Risk This article discusses possible positive ripple effects of coming up with the compliance systems: improving corporate risk management efforts and business processes. Reduce Operational Risk in Business Process Outsourcing Business process outsourcing (BPO) is fraught with risks, whether onshore or offshore, and is an expensive proposition. Reducing the risks is essential to the success of the outsourcing effort. Supporting Compliance with BPM This article reviews what BPM is and how can it help with SOX compliance. Submit a Link for Publication Here Have a favorite article or a website that you would like to share with the BPMEnterprise community? Share it here and help others understand this topic in greater detail. Or, learn more about writing and submitting an article to be published here..
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