HOW TO BUILD & USE A SIMPLE

RISK BOWTIE
WHAT IS A RISK BOWTIE? WHY DO PEOPLE USE THEM? WHEN & WHERE
ARE THEY USED?
A method to understand and analyse a risk, problem, Display
issue, or incident… understanding of a Board, management, site, and external stakeholders.
risk on one page,
which can be added
to and refined with
more knowledge.

Communication
tool. Work through threats When a change occurs
…that displays …and explores all of and opportunities. internally or externally to
the causes and the controls that the organisation.
consequences contribute to the
of a risk… management of the
risk. Prompts robust
decisions to be
made regarding
controls or
prioritisation of
risks.

3 IDENTIFY
CAUSES
4 IDENTIFY CONTROLS
to prevent the risk from
occurring 1 IDENTIFY
THE RISK
5 IDENTIFY CONTROLS
to lessen the impacts if
the risk occurs 2 IDENTIFY
CONSEQUENCES

CAUSES CONSEQUENCES
PROACTIVE REACTIVE
CONTROLS CONTROLS

FOCAL
POINT

Time

HOW ARE THEY BUILT?

1 IDENTIFY THE RISK

If you find it difficult to articulate
the risk, it can be refined later

4+5 IDENTIFY CONTROLS

Pre-event and post-event
controls
AN ITERATIVE APPROACH 2 IDENTIFY CONSEQUENCES
These can be used to define the
business case for managing the risk

3 IDENTIFY CAUSES
Be they direct or indirect. Further
analysis can be carried out later

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RISK BOWTIE
CAUSES PROACTIVE REACTIVE CONSEQUENCES
CONTROLS CONTROLS

FOCAL
POINT

Time