How to Improve it:
Reducing time and cost for analysis involves applying the same ideas to analysis as we do for any service type process:
Here are some core approaches:
Start with process disposition strategies such as:

1. Eliminate
2. Standardize using packages
3. Federate – consolidate and convert to service
4. Revise/Improve/Renovate/Update
5. Adopt a package version of a process

Apply current and emerging analytical techniques:

1. Use the still useful traditional means of process improvement or renovation
2. Use newer analysis methods such as orchestrated and ensemble analytics for better insight
3. Apply intelligent process automation of using emerging analytic tools
4. Apply AI enabled analytics such as
   • Semantic analysis consolidation of processes
   • Neural net analysis for process performance and factor influence
   • Horizontal and vertical analysis of process structures

BPM today requires a constant learning effort tto keep up with techniques, new forms of data analysis and insight in applying these to your situation.  

Example: Consolidating Processes
When looking for standardizations of process across operating units or departments, a method of analyzing consolidating opportunities is needed. One such method is semantic analysis of process steps.

This diagram shows in green the semantic overlap of the names in two procurement processes candidates for consolidation. Matches were found using a 25 % match factor, meaning few matches. Review determines if the matches are on verbs or objects