10-31-19

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Object Management Group Issues two RFIs for Business Modeling: Risks and Requirements
OMG gathering input for two crucial pieces of business information to define broader, more precise specifications

Object Management Group® (OMG®) has issued two requests for information (RFIs): the Requirements Modeling and Languages RFI and the Risk Management Models and Standards RFI. These are led by the OMG Business Modeling and Integration Domain Task Force (BMI DTF), which develops specifications of integrated models to support management of an enterprise.

The RFIs are part of two parallel projects to systematize the representation and exchange of information on two crucial pieces of business information: risks and requirements. OMG has established a number of specifications that enable the modeling of key aspects of enterprises – the best known, but by far not the only one, being the business process model and notation (BPMN). The new OMG RFIs will gather the input necessary to guide OMG work to define broader and more precise specifications for risks and requirements.

"There are numerous guidelines about what constitute good requirement specifications, and commercial tools to help record them. However, there is no underlying common standard for a requirement model," said Claude Baudoin, Co-chair of the BMI DTF and Principal Consultant at cébé IT and Knowledge Management.  "Moreover, current guidelines and best practices focus on system and software requirements, and miss some of the business-level and non-functional requirements that are key to business success.

"Similarly, there are known guidelines and best practices on risk management – usually encompassing the notions of probability, impact, mitigation, and residual risk," continued Baudoin. "Once again, the range of risks considered is often too narrow, focused on technology, cybersecurity and delays or budget overruns, but omitting risks related to reputation, the environment, geopolitics and more. Increased attention to business risks from regulatory authorities in various countries requires the ability to manipulate risk models and data in a consistent way."

The deadline to respond to either or both RFIs is December 6, 2019. Once the BMI DTF members process the responses to both RFIs in early 2020, OMG will determine what Requests for Proposals (RFPs) need to be issued in each area. The OMG Business Architecture Core Metamodel, currently under development, will provide a framework to ensure consistency of the new and existing standard models.

The business and IT community at large, OMG member and non-members, are invited to help define this roadmap.

 


About OMG
The Object Management Group® (OMG®) is an international, open membership, not-for-profit technology standards consortium with representation from government, industry and academia. OMG Task Forces develop enterprise integration standards for a wide range of technologies and an even wider range of industries. OMG's modeling standards enable powerful visual design, execution and maintenance of software and other processes. Visit www.omg.org for more information.

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