An Applied Mathematical Model for Business Transformation

Abstract

The authors propose to use the holistic business system's risk assertion (HBSRA). The HBSRA supports a central decision-making system (DMS), projects, and enterprise architecture projects (EAP). The proof of concept (PoC) is based on applied business case from the insurance domain, where the central point is the transformation process of a traditional insurance enterprise into an agile and automated business enterprise. Such projects are managed by business transformation managers (manager or simply managers) who are supported with a methodology and a framework that can support and estimate the risks of implementation of projects. The manager is responsible for the implementation of the complex background of projects and during its implementation phase.