Bow-tie Risk Analysis & Risk Management Modelling
Bowtie analysis is a risk assessment method that uses a visual representation of a process to identify and assess potential hazards and the controls in place to prevent them. The name “bowtie” comes from the shape of the diagram, which consists
of a central “risk” node that is connected to a number of potential hazards on one side and controls on the other side. Bowtie analysis is used to identify and evaluate the effectiveness of controls and to identify potential gaps or weaknesses
in a process that could lead to accidents or incidents. It is a useful tool for identifying potential risks and developing strategies to mitigate them.
UnRiskIT™ provides an interface to analyze the impact and effectiveness of managing identified risks in a manner conistent with bow-tie risk analysis.