BPM Portfolio Management and Governance

Process portfolio management has a pivotal role in successful BPM (Figure 5) for a number of reasons. It provides an approach or mind set that is essential in directing limited resources in terms of funds, people, etc., into the processes with the highest demand for an increased process orientation. In the true sense of a balanced portfolio, process portfolio management can be used to diversify the BPM governance activities, leading to parallel projects in different stages of the business process life cycle. In summary, process portfolio management marks the difference between the isolated and uncoordinated improvement and management of a single process and the holistic process-based management of an organization