Operational Risk

107 results

Verdantix – Dyno Nobel

Success Story •

This report is one in a series of case studies which explore the adoption of industrial risk management technologies at prominent industrial firms.

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Introduction to EHS Risks, Part Four: Using Risk Bowties

Blog •

Welcome to the fourth installment of our blog series “Introduction to EHS Risks,” in which we’ll talk about the ways that a tool called risk bowtie analysis can help you improve your management and communication of EHS risks. In case you missed our previous posts in this series, take a little time to check out […]

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Bowties, Fault Trees and Event Tree Analysis

Blog •

Bowtie analysis is a risk analysis methodology that focuses on risk interactions. We’ve covered a lot about it in our blog, but how does bowtie analysis compare to other analysis methods based on probability, like event tree and fault tree analysis?  The bowtie analysis method can be based on qualitative, semi-quantitative or quantitative risk calculations. […]

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Using Leading Indicators to Improve Safety Management

Blog •

There are many articles and webinars on leading indicators at safety conferences and in EHS publications, and everyone rightly agrees they’re good things. But it’s not always clear to the average EHS professional what leading indicators actually are, how they improve safety, and what kinds of factors you need to consider if you’re going to […]

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The 5 Whys of Risk Analysis

Blog •

What is the 5 Whys method of risk analysis? The best way to understand it might be by thinking about the famous (but true) trope of a child asking an adult “Why?” repeatedly, even after they’re given an answer. “Tie your shoes.” “Why?” “Because otherwise you’ll trip.” “Why?” “Because when shoelaces are left untied and […]

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“The Bowtie Analysis Blog” – Part 5: How Risk Bowies Enable More Flexible, Resilient Risk Management

Blog •

by Phil Molé Welcome to the fifth and final installment of our “Bowtie Analysis Blog” series. Today, we’ll wrap the series by talking about how risk bowties enable a more active and holistic risk management framework that’s integrated with layers of protection analysis (LOPA) and critical controls verification. It’s OK if you haven’t read our […]

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