Thank you for the opportunity to help you with your question! I hope that my answer is helpful to you :)
I believe you are referring to the term "process management" as opposed to "procesmanagement".
Process management is the administrative activities that are aimed at establishing responsibilities, defining a process, evaluating performance, and identifying opportunities for improvement. (for example: a boss who checks over the work of his/her employees to be sure that it is accurate, and it is being done in the most efficient way. He is also looking for ways to improve activity in the work place.)
To help you understand, it is important that a company has good process management because it will help the company work the most efficiently if all of those things are at their best. It also increases workplace productivity and includes different skill sets, tools, or methods to control the process of a business.
Please let me know if you need any clarification. I'm always happy to answer your questions. Have a fantastic day!