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Below are the 4 stages, but many different websites have different number of stages, some have 6 such as Wikipedia and other have 7, etc. The following four process are in a constant loop.
Four Stages and their functions:
-Create Components: When creating components the five elements of Information Systems are used, which are hardware, software, data, procedures and people. The way the five elements work is what is on the left, hardware in this case, is the easiest to replace for an organization but the element that's on the right, people in this case, is the hardest to replace and the other three elements fall between those two.
-Implement Process: Here we put the process into affect and the information derived from this step will be very crucial to the companies success or failure.
-Model Process:Here is where the as-is model gets created. What the as-is model does is it looks at how things are done currently within the organization. Managers then review the model and make any necessary changes so the BPM can be more efficient.
-Asses Results: During this step the managers, owners or whomever is in charge asses the results BPM gave. If the information provided benefits the organization then that BPM can be kept, or it can be changed to make it more effective.
The way this process starts out is that a model of the business process must be created at first which is usually done by individuals who are familiar with that industry. Majority of the times teams usually build an as-is-model, which looks at the how the company, etc. is performing right at the moment and then changes are made to the system as time goes on or as needed. From there, companies then create system components. Usually, all five elements of every information system is included but at times some might be fully automated and some might be fully manual. After completing its BPM, most companies make gradual changes to it to make it better. At times, some organizations completely get rid of their old business process managements and start new ones.
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