Aligning Risk Management and Compliance Considerations with Business Process Development

Abstract. The improvement of business processes, to date, primarily focuses on effectiveness and efficiency, thereby creating additional value for the organiza-tion and its stakeholders. The design of processes should also ensure that its re-sult and the value obtained compensates for the risks affecting this value. In this paper the different kinds of risk affecting a business process are introduced, af-ter which solutions to the problem of risk mitigation are discussed, resulting in a proposed framework to mollify these risks by incorporating a class of risk-mitigation rules into business process development