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BowTie Pro™: Advanced Risk Assessment Tool

BowTie Pro™ is a powerful yet user-friendly tool for creating risk assessments with visual bow-tie diagrams. Easily identify threats, consequences, controls, and recovery measures. Improve risk management efficiency.

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BowTie Pro™: Advanced Risk Assessment Tool

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  1. The fast, easy to use assessment tool Introduction to BowTie Pro™

  2. What is BowTie Pro™? BowTie Pro™ is a technically advanced yet easy to use tool to facilitate the creation of risk assessments. A bow-tie diagram is a powerful visual presentation of the risk assessment process that can be readily understood by the non-specialist.

  3. Key features of BowTie Pro™ • Powerful visual graphical user interface • Fast, versatile and easy to use • Complete with standard reports, and visual outputs • Facilitates the systematic development of bow-ties • Allows the documentation of all shortfalls identified in the risk assessment process • Full customisation of the Risk Matrix as to its size, categories, colours and definitions • Dual language; the bow-tie diagram can easily be produced in two different languages • Various Analysis modules

  4. What is a bow-tie diagram? Knot= Hazard and hazardous event (What we don’t want to happen) This is a bow-tie diagram Left Hand = Threats that will cause the hazardous event Right Hand = Consequences outcomes from the hazardous event Risk Assessment The Story = Controls Left Hand Side Protection Right hand side mitigation

  5. Example When a tiger is in the cage there is no problem An Example: The problem

  6. Example Ahhhh! …But if the tiger escapes Help Run

  7. BowTie Pro™ can be used to • Show the problem clearly • Highlight the Threats that can cause the problem • Display the Controls (barriers) to prevent the problem occurring • Describe the potential Consequences • Identify the recovery Controls required should the problem occur • Identify tasks and responsibilities • Assess the risks

  8. Creating a bow-tie diagram Step 1 : Enter the Hazard(top) and the Event to be prevented

  9. Creating a bow-tie diagram Step 2 : Enter the Threats that could cause the event to occur

  10. Creating a bow-tie diagram Step 3 : Enter the Consequences of the event occurring with the assessed risk

  11. Assessing the Risk • The risk can be easily assessed by selecting a category, e.g. People, and then selecting an item from the risk matrix on the consequence screen. • The results of the matrix selection are displayed in the consequence box on the diagram • The categories and the matrix can be fully configured to meet your needs

  12. Creating a bow-tie diagram Step 4 : Enter the Barrier Controls to prevent the event occurring

  13. Creating a bow-tie diagram Step 5 : Enter the Recovery Controls to mitigate against the consequences

  14. Controlling the event & telling the story • Controls can be entered on both sides of the event. • The controls tell us how we will manage the problem. The colour indicates the type of control Control Code Control Effectiveness The control description & Task Who is responsible • Controls also include details of: • The Task • The related documents • How it should be verified

  15. Creating a bow-tie diagram Step 6 : Enter the items that will cause a Control to fail

  16. Creating a bow-tie diagram Step 7 : Define the Barriers for the Threats to the Controls

  17. Creating a bow-tie diagram • We have now created a diagram which easily communicates to others how a tiger escape will be prevented and rectified. • BowTie Pro™ enabled this diagram to be constructed quickly, easily and systematically

  18. Outputs of BowTie Pro™ • BowTie Pro™ diagram: • used as a visual communication of assessment to any interested party • versatile output options e.g. printer, bitmaps, jpegs, emf, windows clipboard etc. • BowTie Pro™ reports: • range of reporting format options e.g. event details, responsibility listings, quality check reports etc. • versatile report output options e.g. direct to printers, PDFs, Microsoft Excel, RTF etc

  19. Data connection of BowTie Pro™ • Data from other BowTie Pro™ files can be imported • Data can be pulled from central BowTie Pro™ web sources • Options to import data from other existing risk assessment products • Data can be exported from BowTie Pro™ to Excel and other types

  20. Benefits of BowTie Pro™ • Facilitates fast, cost effective risk assessments of an organisations’ risks • Rapid storage and retrieval of risk information • Produces reports in format to suit specific user needs • BowTie Pro™ diagrams are a valuable aide in communicating and understanding of an organisation’s risk control frameworks • Aids any audit purposes • Change control process to assist in assessing the consequence of organisational or procedural changes • Demonstrating effective management of risk to shareholders, other stakeholders and regulators • Enhances overall business effectiveness

  21. BowTie Pro™ Bow Tie Pro Limited Westhill Business Centre Arnhall Business Park Westhill, Aberdeenshire, AB32 6UF UK Tel: +44 (0) 1224 51 50 94 Email : enquiries@BowTiePro.com www.BowTiePro.com

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