Business Process Management (BPM) is a revolution in the industry today. It promotes improved efficiency, increased flexibility and adaptability to future changes. BPM integrates business and IT into a unified whole – a paradigm shift from the way the traditional applications are designed and maintained. Enterprises the world over are now switching over to BPMS (Business Process Management Systems) so as to increase the operational agility and increase in ROI and the overall productivity of the organization as a whole.
The term “Cost consciousness” is grossly mistaken to be cost cutting and hence the phrase brings in resistance. However, cost consciousness means “having an awareness of costs and benefits”.