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Business Process Risk Modelling in Theory and Practice

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F25720384%3A_____%2F21%3AN0000001" target="_blank" >RIV/25720384:_____/21:N0000001 - isvavai.cz</a>

  • Result on the web

    <a href="https://qip-journal.eu/index.php/QIP/issue/view/75" target="_blank" >https://qip-journal.eu/index.php/QIP/issue/view/75</a>

  • DOI - Digital Object Identifier

    <a href="http://dx.doi.org/10.12776/QIP.V25I1.1551" target="_blank" >10.12776/QIP.V25I1.1551</a>

Alternative languages

  • Result language

    angličtina

  • Original language name

    Business Process Risk Modelling in Theory and Practice

  • Original language description

    Purpose: The purpose of the paper is to introduce SW based decision-making tool that helps managers cope with risks and uncertainties of selected industrial processes. The solution is substantiated by the theoretical background. Methodology/Approach: The research is based on combination of contextual interviews with process management experts and Business Process Modelling Notion (BPMN). The former is aimed at the identification of industrial processes with highest risk exposure the latter is conducive to the design of processes to be subjected to stochastic simulation. Findings: The findings show that the risks and uncertainties in the management of industrial processes can be kept under control when using advanced tools of risk analysis as simulation approaches. The solution proposed comes in handy to risk analysts or process managers. Research Limitation/Implication: The library of process models which were included into stochastic simulation includes selected processes as investments, service providing or economic value-added engineering. Additional processes are being included on ongoing basis. Originality/Value of paper: The paper offers the solution to industrial process risk management which goes far beyond academic sphere and provides industrial practitioners SW tool that facilitates process risk management.

  • Czech name

  • Czech description

Classification

  • Type

    J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database

  • CEP classification

  • OECD FORD branch

    50204 - Business and management

Result continuities

  • Project

    <a href="/en/project/FV30110" target="_blank" >FV30110: Tools for the innovation and optimization of company processes performance within the framework of INDUSTRY 4.0</a><br>

  • Continuities

    P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Others

  • Publication year

    2021

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Name of the periodical

    QUALITY INNOVATION PROSPERITY

  • ISSN

    1335-1745

  • e-ISSN

    1338-984X

  • Volume of the periodical

    Volume 25

  • Issue of the periodical within the volume

    1

  • Country of publishing house

    SK - SLOVAKIA

  • Number of pages

    18

  • Pages from-to

    55-72

  • UT code for WoS article

    000636478800005

  • EID of the result in the Scopus database

    2-s2.0-85104534329