THE ROLE OF DUSINESS PROCESS MODELING IN RISK MANAGEMENT

Abstract

The article explores the role of business process modeling as a tool for risk management in the context of digital transformation of organizations. The growing complexity of the operational environment and the high level of dynamism of external and internal factors create the need for a systematic approach to the identification, analysis, and minimization of risks. The appropriateness of using business process modeling as a means of identifying critical points in the management structure is substantiated, which increases the level of transparency and controllability of organizational systems.

The theoretical foundations of the process approach and modeling methodologies, in particular BPMN, EPC, and IDEF0, are analyzed. The construction of business process models makes it possible to formalize knowledge about the functioning of the organization, create a basis for identifying potential risks, and provide a foundation for their further quantitative and qualitative analysis. The functional capabilities of the models are outlined in the context of scenario forecasting, assessing the impact of risks on achieving objectives, and determining the most vulnerable areas.

The paper emphasizes the practical aspects of integrating modeling into the risk management system. Modern tools of digital support for the process approach are considered, which ensure the automation of deviation detection, monitoring of compliance with regulatory requirements, and support for managerial decision-making. Examples of model implementation in risk management practice are given, taking into account the specifics of organizational structure, information infrastructure, and corporate culture.

The possibilities of using modeling in building adaptive management systems are analyzed, which are capable of promptly responding to changes in the external environment, preventing the emergence of threats, and transforming management processes in accordance with current conditions. The formalization of business processes not only improves risk identification but also contributes to increasing the effectiveness of implementing measures aimed at their mitigation.

Business process modeling is an effective element of the risk management architecture, which ensures increased adaptability of enterprises to changes in the external environment, contributes to reducing the level of uncertainty, and improves the quality of managerial decisions.