BUSINESS PRACTICE

Essential features of processes needed to effect standard operating procedures in a consistent manner.

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BUSINESS PROCESS

A collection of related, structured activities or tasks that produce a specific service or product (serve a particular goal) for a particular customer or customers.

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BUSINESS PROCESS IMPROVEMENT (BPI)

Analyzing business processes to determine if there is a more effective way to perform the existing ones, or if they should be completely re-designed. Typical reasons for BPI include outmoded processes or technologies.

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BUSINESS PROCESS LOGIC

Assumptions and other principles that are underlying a business process design and this also determines the activities or events and how they are played out.

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BUSINESS PROCESS MANAGEMENT (BPM)

A management approach focused on aligning all aspects of an organization with the wants and needs of clients. Involves the use of appropriate tools and techniques to design, analyze, and manage operational business processes and, where possible, to improve those processes.

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BUSINESS PROCESS REENGINEERING (BPR)

The analysis and design of workflows and processes within an organization. A business process is a set of logically related tasks performed to achieve a defined business outcome. Re-engineering is the basis for many recent developments in management.

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BUSINESS NEEDS

A desire of the project customer that focuses on a business problem; its fulfillment is strategic to organization goals.

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BUSINESS OPERATION

Ongoing recurring activities involved in the running of a business for the purpose of producing value for the stakeholders.

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