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“Would a Bow Tie Make Your Risk Assessment under ISO/IEC 31010 More Presentable?” (MFG661Z)

Presented by: Duke Okes, FASQ, CMQ/OE
(*) Single User Price. For multiple users please call 1-844-384-4744
Pre Recorded Webinar
60 minutes
Event Description

Use the Bow Tie Method to Make Your Risk Assessment More Presentable

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.

Session Highlights:

  • What is the Bow tie and when should it be used?
  • How the Bow tie compares and relates to other risk assessment techniques
  • The steps in crafting the Bow tie
  • Linking it to day to day measurement and management of risk
  • How the Bow tie will add value to your risk assessment tool belt
  • Will provide a mechanism for easily documenting and explaining a failure event, its causes, its impacts, and the controls and metrics used
  • How it is a driver for evaluating whether process controls and response plans are adequate

Who should attend?

  • Any manager or staff member involved in identifying, assessing and planning for risk events from both a preventive and a containment perspective. 
  • Applicable for safety, quality, environmental, technology and many other types of risk situations.
About Our Speaker(s)

Duke Okes | Root Cause Analysis SpeakerDuke Okes FASQ, CMQ/OE
Duke Okes has consulted with organizations for over 30 years, primarily in the areas of implementation of quality management principles, systems and techniques. He holds degrees in technology, business and education and is a graduate of a program for Organization and Human Resource Development and the International Pro... More info

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    Event Title: “Would a Bow Tie Make Your Risk Assessment under ISO/IEC 31010 More Presentable?”
    Presenter(s): Duke Okes, FASQ, CMQ/OE

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