Bowtie Method to Evaluate Risks

This week, Ricardo talks about the evaluation of risks using the Bowtie method. The method has its roots in the oil and gas industry, but it is used today in several areas to visualize the event, the threats that could trigger the risk and its consequences. After evaluating the threats and consequences, the team should work together to identify barriers that they can implement to avoid or mitigate the threat or impact. It has this name because it has a visual shape of a bowtie.

PS: The image related to this podcast is an actual bowtie on human performance hazard at the Civil Aviation Authority in the UK. Click here to see the original file.