Business Process Analysis - “A green pasture for BPM vendors to feed upon”

Business Process Analysis(BPA)

Business Process Analysis Tools
The BPA tools are the tools that help the Business Owner comprehend the process deployed or designed very easily. Showing him the window of future, the BPA Tools assure him of a better tomorrow. As the market of BPM is getting flooded with too many vendors, the leaders in the BPM vendors are looking at the BPA space which is evolving. Though, there are plenty of tools that do BPA, there are very few companies who do consulting in this field.These companies are making a strategic move of getting into the BPA consultancy space. These BPM providers are looking at exploiting the core competence that they possess in understanding the business processes basing on their base of implementations. Following are the reasons why I feel these companies should venture into this space of consultancy.
Strength
1. Take advantage of the Business Expertise that the company possesses
2. A clear understanding of a client's business can increase the probability of choosing the consulting company's solution.

Weakness:
Not much of experience in this field of business

Opportunity:
New Pasture - Not as matured as BPM or BPMS

Threat:
Competition in the current field
Risk of losing focus on prime business

BRE & BRMS

Introduction to Business Rules!!!
Business rules are the rules by which you run your business. though it sounds simple,
it is not, the reason being. People generally are viewing the tip of an Iceberg here.
There are plenty of rules in the organizations that are in the minds of the executives, not talked about, unknown to many etc.,
These rules are basically due to two things: Company policies and Legal Regulations.
Business rule is a company policy put forward in the form of an expression.

Ignorance of any Business Rule can make the company lose big time. Business Rule Engine(BRE) and Business Rule Management Solutions (BRMS) are the solutions from IT answering this requirement. The main underlying aim of these solutions is to give power to the actual business specialist the power to manage rules all by himself, thereby creating paradigm shift by taking off the requirement of software developers for managing the rules.

Now the question is, why does a company need these solutions?

There are plenty of reasons for which a company should go for these solutions:

1. Business has become very dynamic, rules change frequently
2. Speed is the name of the game!!
3. Preventing Business Mistakes
4. Compliance-Mitigates Operational Risks
5. Reduced time to market
6. Reduced IT costs.
7. Increased Flexibility
8. Ease of management

Now, how to identify the Business Rules of your company:

Put simple, there are 3 ways to do it.

1. Write down every rule, requirement on paper.
2. Use Decision Tables- Decision Table helps you put down every possible scenario of your Business
3. Decision Trees- A methodical approach that brings out everything present in your company to life.

However, I suggest companies to use both the decision tree and Decision table approach for identifying all the Business rules.

Now that you have got your Business rules documented.

Business rules are divided into two categories:
Productive Rules:Rules of the BPM
Reactive Rules:Rules that get triggered on occurance of an event.

Now what to do with them, should you be going for BRE or BRMS.

First of all, lets get introduced to them.

Business Rule Engines

Business Rule Engine is a pluggable software that separates business rules from the application code and increase flexibility.

Generally BREs have environments to design, test and deploy the Business Rules as Services. Now, there are plenty of players in this space, these BREs emphasize on either of these two types of rules, Complex or advanced BREs emphasize on reactive rules than that of Production Rules.

More on BRMS and the factors on which you need to select the BRE\ BRMS in the next post

Following is the list of sites which i found useful for me:The Beginning

Following is the list of sites where you can find relevant information on
TQM
A PDF File on TQM
A ppt on Process improvement
Project Management Tutor Download


Following is the list of sites where we can find some useful information on Security Analysis & Portfolio Management, Financial Management
Fund MANAGEMENT
Asset Analysis
Financial essentials tutorial
Financial Management for non profit firms
asset and portfolio management
Trade Finance



If you guys find some other sites useful for some other things,plz do post them as it will be helpful to a lot of people as they save a lot of time for a lot of people

Here is a website of a professor of Arizona University, I didnt go through it that much but it is appearing to be a good one check out, it has info on TQM and Financial Management

THESE ARE THE WEBSITES WHICH I USUALLY VISIT FOR MY CHESS
CHESS GAME ANALYSIS
CHESS GAME

savith

help yourself by helping others

Everyone has some information or in need of information regarding anything like job openings we know or need to know the right places to go for getting a right deal. These pieces of information though at times appear to be not of that great help to us but might to be to our friends. so lets pool in stuff and queries so we collectively can help each other. Though this blog is started right now, i will try to categorize areas so that it will be easier for us to post.

Savith Desiraju
IMI New Delhi
start posting by clicking here http://powertheidea.blogspot.com/