Today’s economic pressures are resulting in an increasing scrutiny on IT budgets and how to achieve the best return on investment. IT project portfolios are constantly evaluated by the CIOs in light of new budgets and constraints. Clearly IT spending is on the fall, significant budgets cuts are on way, and new initiatives are impacted. BPM initiatives that had initially made their way into the portfolio are now being re-evaluated given the upfront capital cost of procuring Hardware and software. That is not to imply that CIOs don’t see the value of BPM. BPM initiatives are still on top of CIO’s agenda. The faster the solution is implemented, the sooner the value is realized, and faster the buy-in from business partners. What cost effective approaches companies can undertake to quickly implement BPM solutions while reducing project risks and costs?