Although business process modeling is considered as a core activity in enterprise risk management, existing process modeling languages do not include a complete notation for documenting how processes can fail. This paper develops a conceptual framework for extending standard business process metamodels to include comprehensive information that is useful for managing and quantifying operational risk in business processes. We provide formal extensions of the Business Process Modeling Notation standard, as well as a step-by-step process for creating a risk-extended process model.
Published in:
IBM Journal of Research and Development
(Volume:54
,
Issue:
3
)
Date of Publication:
May-june 2010
- Page(s):
-
4:1
-
4:13
- ISSN :
-
0018-8646
- Digital Object Identifier :
-
10.1147/JRD.2010.2045777
- Product Type:
-
Journals & Magazines
- Date of Current Version :
-
13 May 2010
- Issue Date :
-
May-june 2010
- Sponsored by :
-
IBM