To achieve the desired outcome of a contracting or management process requires more than just planning and execution. It also requires careful analysis and management the interdependent business processes involved in the conception, construction, procurement prior to construction closure, and the commissioning of the built environment. This is why business process management (BPM) is so vital to the success of a project or a company.
BPM is a comprehensive systematic method for discovering ways of modeling, enhancing, automating and continuously monitoring business processes. The aim is to align business-related tasks within the company with strategic goals, leading to increased efficiency and profitability.
To achieve its goals, the BPM lifecycle is comprised of six phases: analyze, design and implement, monitor, optimize and redesign. The first step of the cycle is to examine the existing process and identify areas for improvement. The next step is to design an entirely new procedure to meet requirements of the business, using standardization and automation where possible. The implementation phase aims at implementing the new model. Ongoing monitoring and optimization will ensure ongoing performance.
Construction firms are shedding tens, perhaps hundreds of thousands of dollars per year in wasted manual processes and business processes – both in the office as well as on the job site. Automating these processes increases visibility, improves operational responsiveness and reduces risk. It also improves decision-making. It also helps reduce expenses, boost motivation for employees and improve bizdataroom.com/consulting-data-room-secure-storage-for-sensitive-files utilization of resources. To accomplish this, teams must have a complete understanding of all their processes, as well as the underlying procedures.