Towards a semi-formal modeling language supporting collaboration between risk and process manager

Nowadays organisations are subjects to frequent changes requiring continuous alignment of business processes. In the adaptive digital business ecosystems (DBEs), agile value chains and the cluster-based bundling of business partners are an essential characteristic. While the resulting flexibility holds opportunities, it increases initially uncertainty. In order to support such organisations to increase their maturity, we suggest a synchronisation of the lifecycles of process management and risk management by integrating both processes. This integration is based on a common modelling language. From the process management perspective, there are number of semi-formal modelling languages while these are missing for risk management. This paper is about a semi-formal modelling language supporting collaboration between the risk management team and the process management one. The synchronised lifecycle appears therefore as the collaboration mechanism coordinating the activities of the heterogeneous team.

[1]  Hervé Pingaud,et al.  Conceptual Model of Risk: Towards a Risk Modelling Language , 2007, WISE Workshops.

[2]  Nathalie de Marcellis-Warin,et al.  Le risque: un modèle conceptuel d'intégration , 2002 .

[3]  François Vernadat,et al.  UEML: Towards a unified enterprise modelling language , 2002 .

[4]  M. Rosemann,et al.  Integrating Risks in Business Process Models , 2005 .

[5]  William A. Wallace,et al.  Operational risk management , 1998, IEMC '98 Proceedings. International Conference on Engineering and Technology Management. Pioneering New Technologies: Management Issues and Challenges in the Third Millennium (Cat. No.98CH36266).

[6]  Enid Mumford,et al.  Reengineering the Corporation: A Manifesto for Business Revolution , 1995 .

[7]  Barruquer Moner.  IX. References , 1971 .

[8]  I. Moosa.  Operational risk management , 2007 .

[9]  Peter Gyngell,et al.  Process Innovation: Reengineering Work through Information Technology , 1994 .

[10]  B. Rost.  Basel Committee On Banking Supervision , 2010 .

[11]  Christopher J. Alberts,et al.  Mission Assurance Analysis Protocol (MAAP): Assessing Risk in Complex Environments , 2005 .

[12]  Marta Indulska,et al.  Business Process and Business Rule Modeling: A Representational Analysis , 2007, 2007 Eleventh International IEEE EDOC Conference Workshop.

[13]  Forbes Gibb,et al.  A framework for business continuity management , 2006, Int. J. Inf. Manag..

[14]  August-Wilhelm Scheer,et al.  ARIS - Business Process Frameworks , 1998 .

[15]  RiskValueInsightsTM: Creating Value Through Enterprise Risk Management — A Practical Approach for the Insurance Industry , 2001 .