Bow-Tie Method

The Bow-Tie Method is a visual risk management tool that helps identify and analyze potential risks and their consequences. It resembles a bow tie, with a central knot representing a specific risk event. On the left side, it outlines causes that could lead to the event, while on the right side, it details the potential impacts or outcomes if the risk occurs. This method helps organizations develop preventative actions to minimize causes and contingency plans to manage consequences, making it easier to understand and communicate risk management strategies effectively.