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TIBCO ActiveMatrix BPM is a TIBCO ActiveMatrix product application that provides the runtime execution environment for business process management applications.
TIBCO ActiveMatrix BPM is deployed to the TIBCO ActiveMatrix runtime. Business process management applications can then also be deployed to the TIBCO ActiveMatrix runtime, where they are executed by TIBCO ActiveMatrix BPM.
A TIBCO ActiveMatrix BPM system is a single instance of the TIBCO ActiveMatrix BPM product application deployed to the TIBCO ActiveMatrix runtime. Multiple TIBCO ActiveMatrix BPM systems can be deployed to a single TIBCO ActiveMatrix enterprise.
TIBCO ActiveMatrix BPM also provides two web client applications - Openspace and Workspace - which users can use to access TIBCO ActiveMatrix BPM and business process management applications that have been deployed to it.

The environments are the next level down in the hierarchy. An environment is a logical grouping of applications and nodes, and the enterprise can have multiple environments. Environments enable you to isolate one group of applications and nodes from another. This can be useful for security, for optimizing network traffic (each environment can have its own TIBCO EMS server for messaging), and for visual organization in the Administrator. When you install TIBCO ActiveMatrix BPM two environments are created: => a system environment (always called SystemEnvironment), which is used by TIBCO ActiveMatrix Administrator
=> a BPM environment, which is used by the TIBCO ActiveMatrix BPM application.