Bow Tie Analysis Performance Standards Risk Assessment and Management Consultancy analyses and explains the development of high risks. It aims to check the occurrence of such high risk scenarios arising from hazards.
Objectives of Bow-Tie Analysis
- To provide a systematic structure to analyse a hazard.
- To help decide whether the existing control systems are sufficient or not.
- To identify the areas where the resources should be invested and how.
- To increase the awareness and communication about risks.