'Bow-Tie': Managing Risk across Industry Sectors with a Barrier Based Approach

‘Bow-Tie’: Managing Risk Across Industry Sectors with a Barrier Based Approach is a practical guide to risk management tools, with particular emphasis on ‘bow-tie’, a systematic barrier based approach. It describes several methods: two barrier based methods (LOPA and Bow-Tie) for risk assessment, one barrier based method for incident analysis (BFA), a traditional method (Root Cause Analysis), and three quantitative methods (FMEA/FMECA and Fault Tree and Event Tree).

‘Bow-Tie’: Managing Risk Across Industry Sectors with a Barrier Based Approach is in line with recent ISO standards on enterprise risk management and includes case studies and examples from different sectors (e.g. industry, aviation, finance, construction, etc.) Also discussed are the international standards dealing with the common risks to be faced by an organization (e.g. occupational health and safety, industrial safety, environment, quality, business continuity, asset integrity, information security, etc.)