There are six phases in the BPM life cycle.

• Phase1: Process Planning and Strategy.
• Phase2: Analysis of Business Processes.
• Phase3: Design and Modeling of Business Processes.
• Phase4: Process Implementation.
• Phase5: Process Monitoring and Controlling.
• Phase6: Process Refinement or Improvement.

What is the purpose of BPM?

Business Process Management (BPM) is a management approach used for describing, controlling, modeling, and optimizing business processes. The purpose of BPM is to continuously improve processes and from this perspective BPM can be considered as the "process optimization process".

What is a process management system?

Process Management refers to aligning processes with an organization's strategic goals, designing and implementing process architectures,  

establishing process measurement systems that align with organizational goals, and educating and organizing managers so that they will manage processes effectively.

What are the 4 types of processes?

There are four process strategies:

• Process Focus.
• Repetitive Focus.
• Product Focus.
• Mass Customization.

What are the 5 management process?

All of these project management processes belong to five major project management process groups. These project management process groups are called initiating, planning, executing, monitoring and controlling and closing.

What is BPM life cycle?

The BPM Life Cycle. Business Process Management activities can be arbitrarily grouped into the following categories: design, modeling, execution, monitoring, and optimization.

What are business process management tools?

BPM tools are used to design a systematic approach to optimize business processes. They are used to model, implement, and automate business workflows with the goal of improving corporate performance by minimizing errors, inefficiencies, and miscommunication.

What is an example of a business process?

Examples of business processes include receiving orders, invoicing, shipping products, updating employee information, or setting a marketing budget. The term also refers to the amalgam of all the separate steps toward the final business goal.