Visualize your Risk with Bow Tie Analysis

Bow Tie Analysis is a graphic alternative to traditional Hazard and Operability (HAZOP) and “What-If/Checklist” study methods that helps visualize the greatest risk management gaps early on in a project. A qualitative PHA, it is less rigorous than a Quantitative Risk Assessment or Fault Tree Analysis and often used to better understand events and issues within a business and the controls and consequences of those events. Bow Tie Analysis provides a visual representation of the causes of unintended events, likely outcomes, and the measures in place to mitigate or control the hazards. Existing safeguards are identified and evaluated on the right side with the post-event consequences on the left, serving as “wings” of the Bow Tie with the unintended event depicted in the center. Due to its graphic nature, Bow Tie Analysis is easily understood by all levels of operations and management.

Dyadem's Solution for Bow Tie

Dyadem solutions remove the barriers to achieving continuous improvement and help you execute a unified risk management strategy in process industries. Dyadem Stature ensures that you develop a robust knowledge base, allowing for mitigations and controls that are both effective and preventative. Where there is uncertainty, risk assessments can be defined and linked, like Bow Tie Analysis and SIL, allowing full traceability from assessments to mitigation strategies and monitoring of controls. Essential steps in the risk lifecycle are unified on a single, global system with a closed-loop, continuous improvement process, ensuring adequate communication of data and lessons learned across departments, facilities and sites. Stature turns your Bow Tie Analysis into a dynamic, predictive tool to evaluate your most critical safety systems and prioritize safeguards.

Features:

Drag and drop graphics and intuitive user interface.

Create knowledge-driven LOPAs that leverage consistent corporate terminology and lessons learned and link risk assessment studies

Pre-formatted Industry Standard templates for LOPA as well as Hazards and Operability – HAZOP; What If / Checklist; Preliminary Hazard Analysis – PrHA; Safety Integrity Level – SIL; and Hazard Analysis and Critical Control Points – HACCP

Manage critical risk characteristics across your organization, ensuring that environmental protection and sustainability, business continuity and both employee and public health and safety initiatives are met

Provide visibility through dashboards and leading and lagging indicators of risk controls and mitigation, resulting in a more comprehensive Process Safety Management program

Link risk assessments and processes to ensure the capture of the critical knowledge that drives environmental health and safety initiatives, sustainable development planning, and full compliance with governing regulations and standards