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Bowtie analysis

Taking a comprehensive approach to risk management

The challenge

Traditional risk management approaches for critical risk management often fall short in providing a holistic view of potential risks and their consequences. These methods rarely:

– Consider the effectiveness of existing controls
– Learn from historical incidents
– Take cognitive factors into account
– Consult with the workforce about the work itself

As a result, identifying, assessing, and managing risks becomes an ongoing challenge.

The solution

Bowtie analysis is a deep dive risk analysis technique designed to comprehensively address all aspects of critical risk management. Our method involves:

  • Expert Facilitation: Critical risk experts facilitate workshops to ensure thorough examination and understanding of risks.
  • Visual Software: Utilising advanced visual software for clear and detailed risk mapping.
  • Peer Review: Critical controls are peer-reviewed against our extensive library to ensure robustness and reliability.
  • Performance Standards: Development of critical control performance standards tailored to your specific needs.

Our approach is scalable, cost-effective, and optimised to meet you where you’re at, providing a thorough and adaptable solution for effective risk management.

What gets measured gets done

Measure

Our expert consultants will assess the probability and severity of potential risks in your organization, providing you with the critical insights needed for informed decision-making.

Mode

Through our bowtie analysis process, we will evaluate your critical control procedures, develop a customized risk register, and facilitate workshops led by our critical risk experts.

Output

Receive detailed bowtie schematics, critical control performance standards, and critical control field verification tools.

The outcome

Comprehensive

Gain a comprehensive understanding of the risks and consequences your organization faces, enabling you to allocate your valuable resources more effectively.

Proactive

By proactively identifying and addressing risks, you’ll take a forward-thinking approach to risk management, reducing the likelihood and severity of incidents in your workplace.

Strategic

With our guidance, align your key stakeholders and develop a clear plan to enhance understanding and implementation of preventative and mitigative critical controls in your organization.

Benchmarking

Benchmark your preventative and mitigative critical controls against industry peers to maintain competitiveness and uncover opportunities for enhanced risk management.

Transform your safety culture