Risk-Aware Business Process Modeling and Simulation Using XML Nets

  title={Risk-Aware Business Process Modeling and Simulation Using XML Nets},
  author={Stefanie Betz and Susan Hickl and Andreas Oberweis},
  journal={2011 IEEE 13th Conference on Commerce and Enterprise Computing},
Risk management and business process management are considered key success factors for organizations. Risks are part of every business activity. If a risk occurs it may threaten the organizational goals causing time delays, additional costs or loss of quality. A business process is a set of activities that are executed according to certain rules to achieve a predefined business goal. Thus, if risk occurs it may threaten the execution of business processes. Nevertheless, in traditional business… CONTINUE READING
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