Process Management (Pre Fi 1) Flashcards
Involves activities and operations needed to transform inputs to outputs.
Process Management
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Key Components of Process Management
● Process Design
● Process Implementation
● Process Monitoring and Control
Maps out steps required to complete a task.
Process Design
Understanding how work is done within organizations
Process Design
Implementing ways to improve proceses
Process Design
Comparing the actual performance vs the designed performance.
Process Monitoring and Control
Process Improvement Methodologies
● Lean Management
● Total Quality Management
● Six Sigma
● Kaizen
Improves efficiency and effectiveness by reducing the time spent on non-value-adding
activities and optimizing the flow of work.
Lean Management
A management system for a customer-focused organization that engages all employees in
continual improvement of the organization.
Total Quality Management
A data-driven methodology used to improve business processes by reducing defects and variation
Six Sigma
a concept referring to business activities that continuously improve all functions and involve all employees
Kaizen
Platform companies use to manage and integrate the essential parts of their businesses.
Enterprise Resource Planning Systems
Helps implement resource planning by integrating all the processes needed to run their
companies with a single system.
Enterprise Resource Planning Systems
A system for managing all of your company’s interactions with current and potential customers.
Customer Relationship Management System
Process Management Tools
● Customer Relationship Management System
● Enterprise Resource Planning Systems
A systematic approach to managing and improving business processes to
achieve organizational goals.
Business Process Management
BPM Framework
● Process Identification
● Process Modelling
● Process Analysis
● Process Improvement
● Process Implementation
● Process Monitoring and Control
○ Involves mapping business process by documenting existing workflows and engaging stakeholders.
Process Identification
○ Involves using tools such as flowcharts to create standard visual representations of workflows.
Process Modelling
○ Evaluates performance by identifying bottlenecks (activities that causes delays in the processes).
Process Analysis
○ Uses methods such as Lean/Six-Sigma or Lean Six Sigma to minimize waste and for continuous
improvement.
Process Improvement
○ Managing change thru communication and training, and pilot testing
Process Implementation
○ Ensures effectiveness by setting KPIs to measure success.
Process Monitoring and Control