Operational Risk
104 results
Risk Bowties: A Unified View Of Operational Risk
Download the interactive infographic and click through to see how different risk assessments tie into a risk bowtie analysis.
Introduction to EHS Risks, Part Three: Understanding and Managing Risk Controls
Welcome to the third installment of our blog series “Introduction to EHS Risks,” in which we’ll talk about the importance of selecting and managing good risk controls. In case you missed our previous posts in this series, take a little time to check out our first installment for an overview of EHS risks, and our […]
Bowties, Fault Trees and Event Tree Analysis
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. […]
Using Leading Indicators to Improve Safety Management
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 […]
Introduction to EHS Risks, Part One: You Don’t Need to Be Big to Benefit from Better Risk Management
Not everyone who manages workplace risk is a professional risk manager, or needs to be one. If you’re an EHS manager at a facility of any size, you need to get a good handle on identifying and controlling all of your EHS risks. You may have trouble finding the guidance you need, especially given the […]
The 5 Whys of Risk Analysis
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 […]
“The Bowtie Analysis Blog” – Part 5: How Risk Bowies Enable More Flexible, Resilient Risk Management
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 […]
“The Bowtie Analysis Blog” — Part 4: Using Master Bowties to Manage Risk at Multiple Facilities
Welcome to the fourth installment of our “Bowtie Analysis Blog” series. In our first installment, we talked about the usefulness of risk bowties for training employees on workplace risks, our second installment explored the way they can pull together information from many different types of assessments, and our third post discussed how bowties help visualize and manage risk […]
“The Bowtie Analysis Blog” – Part 3: Using Risk Bowties to Visualize and Manage Risk Controls
Welcome to the third installment of our “Bowtie Analysis Blog” series. In our first installment, we talked about the usefulness of risk bowties for training employees on workplace risks, and our second installment explored the way risk bowties can pull together information from many different types of assessments. In this post, we’ll be looking at […]
New Series! “The Bowtie Analysis Blog” – Part 1: Using Bowtie Analysis to Train Workers About Risk
Many EHS professionals know they struggle with managing workplace risks, whether it’s accurately assessing them, controlling them, or getting the entire workplace involved in the process. In our new series, “The Bowtie Analysis Blog,” we’ll tell you about how a risk assessment tool called bowtie analysis can help. In this first installment, we’ll talk about […]