Various embodiments of systems and methods for risk management of business processes are described herein. A system integrating process monitoring and automated risk management through a risk-annotated business process model is described. Such a risk would be computed for each of the possible path of execution of the business process. The source of such a data can be derived from other systems or be entered manually. A risk prediction rule is executed when a given event has happen. Depending on the current execution state of a business process instance, the risk is calculated from the probability and the impact. If the risk is over a certain threshold, some actions can be taken (e.g., stopping processes, initiate mitigation processes or notifying the business process owner).
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