Business process management can be dealt with in a structured manner. The monitoring and optimizing of the process are equally important. This cycle of the process repeats continuously for the life of the process. It is a phenomenal way of introducing the culture of continual process improvement into the organization in a seamless but structured manner. Business process management has different steps: model, implement, execute, monitor, and optimize. At the model stage, it is important to understand the business conceptually ensuring a high level of accuracy in the detail of the concept without worrying much about execution. It is imperative to have the in-depth knowledge required to model the process. Business managers are generally responsible for modeling the process. In the implementation stage, the business process has to be executed and the different tools that can facilitate this are varied. In the execute stage the process is launched and interacted with by the end-users. The monitor includes measuring key performance indicators and process performance. The goal is to make systematic monitoring of how the process is performing. It also underlines the need to understand the presence of bottlenecks or inefficiencies in the process. In the optimize stage the business process and performance must be reviewed and understood comprehensively. It is also possible to take advantage of the “what-if” simulation processes for better understanding and judgments. It is also important to understand that the changes will deliver the maximum benefit. So the process must be fine-tuned. The Five Circular Flow Arrow Diagram Template is completely editable and is available in both a PowerPoint and Keynote template. The template is available in light and dark shade backgrounds. The arrows are in bright attractive colors; the text boxes can be moved and suitably placed. The arrows represent the continuous flow in the business process management life cycle.
