How can bowtie analysis be applied to mitigate risks in various industries?

Bowtie analysis is a risk management technique that can be applied across various industries to mitigate potential risks effectively. By using a bowtie diagram, organizations can visualize and understand the various barriers and controls that are in place to prevent a major incident or accident from occurring. The analysis involves identifying and assessing the potential hazards or threats, understanding the possible consequences, defining critical controls and preventive measures, as well as developing contingency plans. This systematic approach ensures that risks are comprehensively evaluated, allowing organizations to prioritize their resources and efforts towards mitigating the most critical risks. Whether in aviation, healthcare, oil and gas, or any other industry, bowtie analysis provides a structured framework to proactively manage risks and enhance safety performance.

This mind map was published on 10 July 2023 and has been viewed 167 times.