The Innovative Technology for Modeling Management Business Process of the Enterprise

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Abstract

The article presents recent innovative technology for modeling business processes of enterprises based on process management. The paper considers the creation and justification of the updated methodological and analytical tools for assessing, selecting and regulating the production system of administration of an enterprise project portfolio in a single operating management system. The application of the process approach is based on a comprehensive, systematic review of the enterprise as a set of processes, the development of a process management system using the principles of ISO 9000: 2000. The new process approach is proposed that allows excluding routine operations from the actions of employees, increasing the speed of employee interaction, effectively optimizing existing business processes, and quickly rebuilding the enterprise’s business processes in response to significant changes in business conditions. The work identifies executable business processes, proposes a new approach to modeling the business processes of an enterprise, gives examples of problems associated with the new approach, and suggests possible ways to solve them. Criteria for the results of simulated business processes are defined that allow linking the target indicators of a balanced scorecard of the enterprise with the established results of business processes. It is proved that the use of this recent innovative technology for solving scientific and practical problems of enterprise management significantly expands and deepens the possibilities of economic analysis in the process of solving problematic situations and makes management decisions more grounded and effective.

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Ryzhakova*, G. … Honcharenko*, T. (2019). The Innovative Technology for Modeling Management Business Process of the Enterprise. International Journal of Recent Technology and Engineering (IJRTE), 8(4), 4024–4034. https://doi.org/10.35940/ijrte.d8356.118419

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