Business relationship manager definition in

What is a Business Relationship Manager (BRM)? - Definition from Techopedia

business relationship manager definition in

Business Relationship Management (BRM) is the part of the ITIL framework that deals with anticipating current and future customer needs. Get the right Business Relationship Manager job with company ratings & salaries Job Description The RelationshipManager position is key to drive HighWires. Relationship management is generally divided into two fields: customer relationship management and business relationship management.

Each type has a discrete and clear purpose, characterized by a unique combination of roles, functions, and activities, and instances of each type can be identified, quantified, and analyzed.

Business Relationship Management

Some examples of these relationship types are business-to-business, business-to-consumer, and business-to-employee. The BRM model identifies two roles, provider and consumer ; a given business by necessity participates in both roles.

BRM lifecycles[ edit ] The concept of the business relationship lifecycle [8] [9] builds on charting the complex changing values of business relationships over time in contrast to simple transactional value.

Examples of BRM lifecycles include: A large-scale grow and sustain cycle, characterized by one-to-many and many-to-one relationships. Activities in this cycle are more or less continuous and overlapping, such as marketingcustomer product support or maintenance, or online community.

business relationship manager definition in

These have indeterminate outcomes. A small-scale micro engagement cycle, characterized by one-to-one, discrete or transactional relationships.

List of Business Relationship Manager Responsibilities and Duties

These have discrete cycles and negotiated outcomes. BRM principles[ edit ] Measurement and analysis The goals of BRM require that its concepts and principles be identifiable and measurable. Given the model, a person should be able to identify the business relationships that they are engaged in, and measure them in terms like quantity or duration. The same holds for any aspect of BRM, such as type, role, or principle.

Business Relationship Management | IT Process Wiki

Purpose Every business relationship has a purpose that requires the participation of multiple roles to accomplish. The purpose of a given business relationship is discrete and quantifiable.

business relationship manager definition in

Reputation and trust The BRM model should attempt to model and quantify reputation and trust. Every relationship, and every interaction within it, contributes to reputation. Reputation mitigates risk and reduces friction within business processes. Concern for reputation incentivizes good behavior.

Absence of trust will cause a business relationship to fail. The principal aim of this process is to learn about areas where customer expectations are not being met before customers are lost to alternative service providers. Handle Customer Complaints Process Objective: To record customer complaints and compliments, to assess the complaints and to instigate corrective action if required.

Monitor Customer Complaints Process Objective: To continuously monitor the processing status of outstanding customer complaints and to take corrective action if required.

Complaint Status Information A message containing the present status of a complaint, typically sent to a customer who earlier made a complaint. Complaints and Compliments Complaints and compliments from the customer side which are addressed in the Business Relationship Management process. Complaints Log The Complaints Log contains the full history of all received customer complaints, complete with activities triggered by those complaints.

Customer Survey Questionnaire A questionnaire for surveying customer satisfactionaimed at getting insight into overall customer satisfaction and customers' views on specific aspects of services.

Business Relationship Management Course overview

Customer Survey Response The response to a service provider's customer survey, typically a completed questionnaire. Desired Service Outcomes The desired outcomes of a service, stated in the language of the customer. Based on this information, more detailed documents are created to specify the requirements in the service provider's language. Outline of Service Requirements The desired outcome of a service, stated in terms of required service functionality utility and service levels warranty.