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Business process

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Definitions Edit

Financial market Edit

A business process is

[a] collection of linked activities that takes one or more kinds of input and creates an output that is of value to an FMI's stakeholders. A business process may comprise several assets, including information, ICT resources, personnel, logistics and organisational structure, which contribute either directly or indirectly to the added value of the service.[1]

General Edit

A business process is "[a] group of logically related tasks that are performed together to accomplish an objective."[2]

Business processes are

[p]rocesses that are the primary functions that the entity performs in accomplishing its mission. Examples include, financial management processes, such as collections, disbursements, or payroll; and mission-related processes, typically at the program or subprogram level, such as education, public health, law enforcement, or income security.[3]

References Edit

  1. Guidance on Cyber Resilience for Financial Market Infrastructures, App. A, at 23.
  2. Year 2000 Computing Crisis: An Assessment Guide, at 30.
  3. Federal Information System Controls Audit Manual, at 559.

See also Edit

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