Bowtie Risk Management and Mitigation
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Introduction
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The Bowtie methodology is used for risk assessment, risk management and risk communication and awareness. The method is designed to give a better overview of the situation in which certain risks are present; to help people understand the relationship between the risks and organizational events. The method also provides a structure to systematically analyze a hazard.
Bowtie analysis, therefore, is an increasingly popular approach to help manage risk. This programme provides a critical review of the method’s benefits, limitations, and practical uses, with hands-on practice in applying the technique.
The course introduces bowtie methodology, examines the various bowtie analysis components and provides a critical review of the method's benefits, limitations and practical uses, with hands-on practice at applying the technique.
Course Outline
Pre-assessment / introduction:
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Identify hazards, top events, threats, consequences, preventive and recovery barriers, escalation factors and escalation factor barriers
Discussion of Bowtie methodology key terms:
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Brief history and rise to popularity.
