Challenges of integrating risk management throughout the BPM lifecycle

Through process management (BPM) organizations have managed to optimize their processes through a robust and automated process architecture. Similarly, through risk management, companies seek to ensure that risks that may negatively affect the achievement of their strategic objectives are identified, analyzed, and adequately responded to. Based on the risk assessment, an organization will need to choose whether to accept, mitigate, or transfer the risk to another or to the same process. When done effectively, risk management in business processes ensures that the organization's limited resources are prioritized to most efficiently address the issues that will most affect them, thus achieving their continuity and sustainability. This article explores questions associated with: What are the risks associated with business processes? And how can risk management be integrated into the BPM business process management stages? The most important contributions are related to the mapping of risks during the BPM life cycle, the description of existing methodologies for the independent analysis of risks and business processes, and the discovery of a knowledge gap in the face of a methodology that integrate them.