Final answer:
A graphical notation that depicts the steps in a business process is known as Business Process Model and Notation (BPMN), which includes depicting phases such as the Preparatory Phase and Implementation and Learning Phase.
Step-by-step explanation:
A graphical notation that depicts the steps in a business process is known as Business Process Model and Notation (BPMN). This standardized method is used to map out the details of complex business processes and is critical for understanding the intricacies of business operations, both for current processes (As-Is Process Model Notation) and for the envisioned improvements (To-Be Process Model Notation).
Using BPMN can significantly aid in the analysis and optimization of business processes, and serves as a bridge between the initial design of process flow and the actual implementation. An example of how BPMN may be applied could be seen in a flowchart. The flowchart is a classic tool that business analysts use to show the steps in a process, decision points along the way, and the expected outcomes.
It is important for business professionals to learn how to design a process that is both efficient and effective. With the help of BPMN, stakeholders can gain a clear vision of what a change in the process might entail and how it relates to the company's operations and strategic goals. BPMN often involves several key phases, including the Preparatory Phase, Implementation and Learning Phase, Program Evaluation Phase, and Development of Lessons Learned, which are essential for reflecting on and improving business practices.