Automated risk mitigation in business processes
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This paper proposes a concrete approach for the automatic mitigation of risks that are detected during process enactment. Given a process model exposed to risks, e.g. a financial process exposed to the risk of approval fraud, we enact this process and as soon as the likelihood of the associated risk(s) is no longer tolerable, we generate a set of possible mitigation actions to reduce the risks' likelihood, ideally annulling the risks altogether. A mitigation action is a sequence of controlled changes applied to the running process instance, taking into account a snapshot of the process resources and data, and the current status of the system in which the process is executed. These actions are proposed as recommendations to help process administrators mitigate process-related risks as soon as they arise. The approach has been implemented in the YAWL environment and its performance evaluated. The results show that it is possible to mitigate process-related risks within a few minutes.
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|Item Type:||Journal Article|
|Keywords:||Business Process, Process resources, Process model, Process enactment, Financial process, Current status, Running process, Risk mitigation|
|Subjects:||Australian and New Zealand Standard Research Classification > INFORMATION AND COMPUTING SCIENCES (080000) > INFORMATION SYSTEMS (080600)|
|Divisions:||Current > Schools > School of Information Systems
Current > QUT Faculties and Divisions > Science & Engineering Faculty
|Deposited On:||25 Feb 2013 01:45|
|Last Modified:||10 Mar 2016 23:45|
Available Versions of this Item
Automated risk mitigation in business processes (Extended Version). (deposited 05 Apr 2012 01:39)
- Automated risk mitigation in business processes. (deposited 25 Feb 2013 01:45) [Currently Displayed]
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