The Business Process Management (BPM) lifecycle is a series of steps organizations follow when they want to understand, improve, and manage their business processes. Here are the stages in the BPM lifecycle:
Design: This phase involves the identification and design of processes that need to be created or existing processes that need to be improved.
Modelling: In this phase, the designed process is tested under different scenarios to identify potential improvements.
Execution: The optimised process is implemented in a real-world scenario.
Monitoring: After the process has been implemented, it is important to track its performance against the objectives set in the design phase.
Optimisation: After analyzing the data collected during the monitoring phase, the process has been improved for better performance.