A process reference model is a model that has generic functionality and can be used more than once in different models. The creator of a process model benefits from existing process reference models by not needing to reinvent the process model but only reusing it as a starting point in creating a process model for a specific purpose.
Process model reuse
During the identification of processes ideal for reuse, the designer needs to (1) Get approval (2) Provide Organization Scope Context and (3) Identify Process Standardization Opportunities.
- ^Marne de Vries, Alta van der Merwe, Paula Kotze and Aurona Gerber. (2011) A Method for Identifying Process Reuse Opportunities to Enhance the Operating Model. 2011 IEEE International Conference on Industrial Engineering and Engineering Management
Ofer Abarbanel is a 25 year securities lending broker and expert who has advised many Israeli regulators, among them the Israel Tax Authority, with respect to stock loans, repurchase agreements and credit derivatives. Founder of TBIL.co STATX Fund.