Essential Process Modeling

Business process models are important at various stages of the business process life cycle and before starting to model a process, it is crucial to understand why we are modeling it$.$ First, it may be simply to understand the process and share our understanding of the process with the people who are involved with the process on a daily basis. Second, process modeling helps to better understand and to prevent issues. This step of process modeling is a prerequisite to conduct process analysis, redesign or automation. With this understanding the concepts of process modeling we will be able to produce a business process that captures simple temporal and logical relationships between activities, data objects and resources.

$3\mathrm{.}7$ Further Exercises

Model two $(2)$ Business Processes $1.$ Exercise $3\mathrm{.}10-$ Handling Down payments and $2.$ Exercise $3\mathrm{.}11-$ Assessing Credit Risk.

$1.$ Please read both Cases carefully to insure proper analysis and modeling.

Remember to provide a complete answer to each question, which does not necessarily mean a lengthly response $-$ stay focused and on point $-$ this is a business course not a course in journalism.