Risk Management and Mitigation using the Bowtie Technique

Risk Management and Mitigation using the Bowtie Technique

Course Description

Introduction:

The Bowtie methodology serves as a tool for assessing, managing, and communicating risks. It aims to offer a clearer understanding of situations where specific risks exist, facilitating comprehension of the correlation between risks and organisational events. Additionally, the method provides a structured approach to systematically analyse hazards.

As Bowtie analysis gains popularity as an effective risk management approach, this programme offers a comprehensive examination of its advantages, constraints, and practical applications. Participants will engage in practical exercises to apply the technique, gaining hands-on experience and insight into its implementation. The course introduces the bowtie methodology, explores its various components, and critically evaluates its benefits, limitations, and practical utility, offering participants the opportunity to gain practical proficiency in its application.

Course Objectives:

By the end of the course, participants will be able to:

• Understand the terminology of risk assessment and the bowtie methodology
• Utilize hazard identification techniques effectively
• Create simple bowtie risk models
• Utilize BowTieXP software to develop more sophisticated bowtie risk models
• Apply metadata to risk controls to categorize ownership, barrier type, effectiveness, and more
• Implement risk estimation within the model
• Attach audit information (using AuditXP) and actions to risk control barriers
• Analyze hazard scenarios by applying the bowtie method and designing a bowtie diagram
• Establish integrity assurance for bowtie barriers, e.g., in terms of HSE-critical tasks and/or HSE critical systems
• Devise risk acceptance criteria for hazards in bowtie

Who Should Attend:

• Risk Managers
• Health, Safety, and Environment (HSE) Managers
• Safety Engineers
• Quality Assurance Managers
• Compliance Officers
• Process Safety Engineers
• Project Managers
• Safety Consultants
• Regulatory Affairs Managers
• Operations Managers

Course Outline

Unit 1: Introduction to Risk Assessment and Bowtie Methodology

• Understanding Key Terminology: Define essential terms related to risk assessment and the bowtie methodology.
• Overview of Hazard Identification Techniques: Explore various methods for identifying hazards effectively.
• Introduction to Bowtie Risk Models: Learn the basics of creating simple bowtie risk models.
• Introduction to BowTieXP Software: Familiarize yourself with the BowTieXP software for developing sophisticated bowtie risk models.
• Application of Metadata: Understand how to apply metadata to risk controls to classify ownership, barrier type, effectiveness, and more.

Unit 2: Risk Estimation and Model Development

• Implementing Risk Estimation: Learn how to apply risk estimation techniques within the bowtie model.
• Utilizing BowTieXP Software: Use BowTieXP software to develop more intricate bowtie risk models.
• Attaching Audit Information: Understand the process of attaching audit information and actions to risk control barriers using AuditXP.
• Analyzing Hazard Scenarios: Analyze hazard scenarios by applying the bowtie method and designing bowtie diagrams.
• Developing Integrity Assurance: Learn how to develop integrity assurance for bowtie barriers, particularly concerning HSE-critical tasks and systems.

Unit 3: Advanced Bowtie Risk Modeling

• Advanced Model Creation: Explore advanced techniques for creating complex bowtie risk models.
• Fine-tuning Metadata Application: Enhance your skills in applying metadata to risk controls for improved classification and analysis.
• Iterative Risk Estimation: Implement iterative risk estimation processes to refine the accuracy of risk assessments.
• Utilizing AuditXP for Enhanced Analysis: Maximize the use of AuditXP to conduct in-depth analysis of audit information and actions related to risk control barriers.
• Integrating Bowtie Models into Organizational Processes: Understand how to integrate bowtie risk models seamlessly into organizational risk management processes.

Unit 4: Practical Application and Case Studies

• Hands-on Bowtie Model Creation: Apply the knowledge gained to create bowtie risk models through practical exercises.
• Case Study Analysis: Analyze real-life case studies to understand practical applications of bowtie risk modeling in various industries.
• Group Discussions and Problem-Solving: Engage in group discussions and problem-solving sessions to address challenges in applying bowtie methodology.
• Peer Review and Feedback: Provide feedback on peers' bowtie models and receive constructive criticism to enhance learning.
• Q&A and Expert Panel: Participate in Q&A sessions and interact with expert panels to clarify doubts and gain insights into practical implementation issues.

Unit 5: Risk Acceptance and Continuous Improvement

• Defining Risk Acceptance Criteria: Learn how to devise risk acceptance criteria for hazards identified within bowtie risk models.
• Continuous Improvement Strategies: Explore strategies for continuous improvement of bowtie risk models and risk management processes.
• Regulatory Compliance and Reporting: Understand the importance of regulatory compliance and reporting in risk management and mitigation efforts.
• Embedding Risk Management Culture: Discover methods for embedding a strong risk management culture within the organization.
• Course Conclusion and Next Steps: Summarize key learnings from the course and outline next steps for applying bowtie risk modeling techniques in your organization.