Stevens professor wins best paper award at ACIS 2005
Paper focuses on integrating risk models into business process models
HOBOKEN , N.J. — A research paper by Dr. Michael zur Muehlen, Assistant Professor at Stevens Institute of Technology’s Howe School of Technology Management, and Professor Michael Rosemann (Queensland University of Technology) on the integration of organizational and technical risk models into business process models won the Best Paper Award at the 16th Australasian Conference on Information Systems (ACIS 2005). The paper, “ Integrating Risk in Business Process Models,” was chosen from 262 papers accepted at the annual conference held in Sydney, Australia, between November 30 and December 2, 2005.
“The consideration of risk factors in the design of enterprise processes is more relevant today than it has ever been,” said zur Muehlen, who heads the Center for Business Process Innovation at Stevens. “Public companies are required to document their compliance with legislature such as the Sarbanes-Oxley Act, HIPAA, OSHA, or FDA and EPA regulations. While a lot of money is being spent on documenting current risk management and control practices, organizations will soon have to develop new process structures and control procedures. Our approach can help them focus on the cost efficiency of their risk response activities, and help them choose the most efficient and effective process design.”
Rosemann and zur Muehlen have in the past collaborated in the areas of Business Process Management and Information Modeling. They participate in joint research projects sponsored by the Australian Research Council and SAP Research, a R&D subsidiary of German software manufacturer SAP. Both the Center of Excellence in Business Process Innovation at Stevens and the Centre for Information Technology Innovation at Queensland University of Technology conduct research exchange programs and develop joint case studies. As part of this collaboration, Rosemann will visit Stevens in February 2006, when he and zur Muehlen will present the results of their joint projects.
About Stevens Institute of Technology
Founded in 1870, Stevens Institute of Technology is one of the leading technological universities in the world dedicated to learning and research. Through its broad-based curricula, nurturing of creative inventiveness, and cross disciplinary research, the Institute is at the forefront of global challenges in engineering, science, and technology management. Partnerships and collaboration between, and among, business, industry, government and other universities contribute to the enriched environment of the Institute. A new model for technology commercialization in academe, known as Technogenesis®, involves external partners in launching business enterprises to create broad opportunities and shared value.
Stevens offers baccalaureates, master’s and doctoral degrees in engineering, science, computer science and management, in addition to a baccalaureate degree in the humanities and liberal arts, and in business and technology. The university has a total enrollment of 2,150 undergraduate and 3,500 graduate students, with about 250 full-time faculty. Stevens’ graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America. Additional information may be obtained from its web page at www.stevens.edu.
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