Organizations are recognizing that proactively planning for potential failures, and thereby either preventing them or being better prepared to mitigate them, is much better than waiting till the failures occur. However, many of the tools used for risk assessment and planning are either too simple or too complex, resulting in lower willingness of people to get involved in the process.
The Bow Tie is one of the best visual techniques for evaluating a potential risk event from both a preventive and response perspective, showing the linkages between causes, controls and impact.
Just as it’s been said that “to a person with a hammer, everything looks like a nail,” many people involved in risk assessment have only been exposed to one particular tool (typically a workshop, a failure mode & effects analysis/FMEA, or Monte Carlo simulation, depending on industry or business function). But different situations call for different approaches, and the Bow Tie Method is an excellent high-level tool for understanding a risk situation to determine how comprehensive the plan is (or should be) for preventing the failure, and how to respond if it does occur.
In this webinar, expert speaker Duke Okes will explore and explain how the Bow Tie method can make your risk assessment more presentable and create willingness in people to get involved in the process. You will realize how this method provides a high-level tool for understanding a risk situation and determining the strength of the plan in preventing a failure. You will also learn how this technique helps you to respond if a failure occurs.
Who should attend?
Duke Okes FASQ, CMQ/OE
Duke Okes (FASQ, CMQ/OE) has been in private practice for more than 30 years, helping organizations implement processes for better control and improvement of their operations. He has worked with a wide range of organizations, including manufacturing and healthcare industries as well as financial and government services... More info