5th learning diary, Business Process Integration

* Based on lectures so far, what is the relationship between processes and messages (business process, business message)
* What are the main risks in the project work?
* Do you have preference on what other project you want to review?

For this 5th learning diary, I just got information yesterday when I explored the course page. I am going to write a short diary in this time.

According to my knowledge I have gotten from lectures, The business processes are defined for the organization way to achieve the business targets (BPEL can be used for the business process definition), messages are important information delivered through different business unit(entity), no matter they are internal or external. I see the relationship between processes and messages like engine, income and outcome. The business process is like a engine take messages (interpretation) as income, then bring out messages for others. As we know, the messages should be understood among all participants. It needs to be standardized.

The main risk in our project is that we do not have so much experience and knowledge on different standard of finance. especially, we are going to do Financial Ontology based on different standards. The lack of experience is our the main risk. But, no matter how hard it is, I still need get through this. otherwise, I am not able to accomplish my school degree next year.


For getting more knowledge and information, I would like to see some useful study cases related our project topic. for example, where could I get information to know what and how standard used in the Finnish OMX Helsinki. How Financial Ontology are in using currently.