BPM is a comprehensive management approach to managing and improving the efficiency and effectiveness of business processes
across the enterprise.
The goal of a BPM suite is to promote effectiveness and efficiency in your business processes. The BPM suite accomplishes this by using measurable business value to align all of your projects with your corporate strategies, alongside the BPM approach.
BPM relies on an iterative, or agile, delivery methodology that creates process visibility and enables process control in your business. The intention of a business process initiative is to deliver targeted results that directly support the strategic goals of the business. Therefore, a successful BPM initiative requires close collaboration between business operations and technologists. A successful BPM program ties all BPM projects to core business initiatives.
BPM enables you to manage your processes and support corporate initiatives, such as improving product quality, reducing time-to-market, expanding to new markets, raising client satisfaction, increasing profit margins, and so on.
Organizations gain value out of documenting, understanding, and analyzing their processes for efficiency and effectiveness. This is typically done by business analysts, who either talk to the people that are involved in the process or get all stakeholders together in a room for several days to document and analyze the process to see where it can be improved.