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Bow Tie

Learn how Bow Tie risk management can benefit your business.

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What is the Bow Tie Methodology?

The Bow Tie Methodology is a risk management software tool that visualises risks in a single, easy-to-understand diagram, shaped like a bow tie.

This diagram illustrates the relationship between potential hazards, their causes, preventive barriers, and consequences.

Why do Organisations Choose Bow Tie Methodology?

Organisations use the Bow Tie Methodology for two main reasons.

Firstly, it provides a clear visual representation of the risks. This aids in the effective communication of these risks.

Secondly, it facilitates the identification and analysis of hazards through a transparent and systematic approach.  This allows for the assessment of different types of risks (such as health, safety, financial, and operational risks) and the assessment of risks in different circumstances or contexts.

Advantages Over Other Risk Management Tools

  • Visual Clarity: The bow-tie diagram provides a visual and comprehensible overview of risks, enhancing understanding and communication.
  • Versatility: Bow Tie Methodology adapts to different assessment rules, making it a versatile tool for various industries.
  • Transparency: It offers a transparent risk analysis, allowing organisations to identify, assess, and manage risks more effectively.

How to Best Use Bow Tie Methodology?

Diagram Creation

Begin by creating a bow-tie diagram to visualise the entire risk scenario.

Identify Hazards

Clearly define and identify potential hazards.

Barrier Analysis

Analyse the preventive and mitigation barriers and their effectiveness in managing the risks.

Continuous Improvement

Use the methodology for continuous improvement, adapting to evolving risks.