Risk Management using the Bow-Tie Method

Risk Management using the Bow-Tie Method
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iThoughts Mind Map added Thu, May 12, 2022
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Risk Management using the Bow-Tie Method

BowTie Risk Management has its roots in the chemical industry, but was use used extensively by Royal Dutch/Shell in the aftermath of the Piper Alpha oil rig disaster in July 1988.
The Bow-tie Method can be used to visualise the impacts of a risk or hazard, its causes and consequences which can then be managed by implementing preventative controls against the causes_ and preparedness or recovery controls to mitigate the consequences.

This iThoughts map can be used in a team session with those affected by and responsible for dealing with the risk. A step-by-step process is explained on the map, which can then be used for on-going risk management.
Created using: iThoughts
Category: Library > Parent > Child
Copyright & licencing: Mark Smith ©2022

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