Bow-Tie Analysis
Proactively manage risks, prevent incidents, and safeguard your business, personnel, and assets. Our Bow-Tie Analysis service at Wire Consultancy offers businesses a powerful risk assessment and management tool to visualize and understand potential hazards and their associated control measures. We develop customized solutions that address specific industry challenges and ensure compliance with safety standards.
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What is Bow-Tie Analysis?
Bow-Tie Analysis is a graphical tool for comprehensive risk management. It visually depicts potential accidents or events like a bow-tie: the top representing the undesired outcome, the left side identifying contributing causes, and the right detailing potential consequences. The crucial knot at the center focuses on control measures implemented to prevent the event and mitigate its impact. This visually-driven approach offers several advantages:
- Proactive risk identification: It goes beyond immediate causes, analyzing underlying factors and potential consequences.
- Prioritization:Â High-impact risks demanding immediate attention are easily identified.
- Control measure optimization:Â It ensures controls address all potential pathways to the event.
- Effective communication:Â Complex information is readily understandable for everyone involved.
What is Bow-Tie Diagram?
Bow-tie diagram is used to organize the results of this analysis, with one side representing probability & the other side representing consequence. It is a tool that allows companies to identify the most important factors in their risk assessments. It helps them to focus on the areas that have the greatest impact on the safety of their employees & facilities, & allows them to prioritize those areas for improvement.
Uses of Bow-Tie Analysis
- Identify the different hazards present in a process, such as explosions, fires, or toxic releases.
- Determine what might trigger those hazards and what could happen if they were triggered.
- Assess how likely each hazard is to occur or be triggered, based on its severity and likelihood of occurrence.
- Determine which controls are currently in place to prevent or mitigate these hazards.
- Determine which additional controls should be added to address any gaps identified through this analysis.
Choose Wire Consultancy for Bow-Tie Analysis
Wire Consultancy: Your trusted partner for Bow-Tie Analysis services. For over two decades, we’ve empowered organizations across industries to navigate complex risk landscapes and build a safer future. Our experienced team collaborates closely with you to design a custom Bow-Tie analysis, tailored to your unique needs and challenges.
Bow-Tie Analysis Deliverables
- Bow-Tie Terms of Reference (ToR): Defines the scope and objectives of your Bow-Tie analysis for clear direction.
- Bow-Tie Worksheets: Captures detailed information on hazards, causes, consequences, and controls during analysis.
- Bow-Tie Analysis Report: Generates a comprehensive document summarizing your findings and recommendations for informed decision-making.
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