Bow Tie Analysis

IHS risk assessment software, content and expertise remove barriers to continuous improvement so you can execute a unified strategy for operational risk management.  We will help you develop a robust knowledge base, allowing for mitigations and controls that are both effective and preventative. Where there is uncertainty, risk assessments can be defined and linked – like Bow Tie Analysis and SIL – allowing full traceability from assessments to mitigation strategies and monitoring of controls. Essential steps in the risk lifecycle are enabled through a single, global system with a closed-loop process, ensuring adequate communication of data and lessons learned across departments, facilities and sites. IHS turns your Bow Tie Analysis into a dynamic, predictive tool to evaluate your most critical safety systems and prioritize safeguards.

Key benefits:

• Ensures fast, accurate completion of studies with drag-and-drop graphics and intuitive user interface
• Meets your organization’s specific needs leveraging customizable templates and adapting to a variety of safety and reliability methodologies
• Helps you complete vulnerability analyses end-to-end, resulting in a more responsive and efficient business process
• Advanced reporting and auditing tools provide improved visibility into process operations
• Links risk assessments with other business processes to capture information that drives EHS&S initiatives, sustainable development planning, and compliance with regulations and standards
• Ensures that historical knowledge is accessible and best practices and lessons learned are shared from one study to the next

IHS EHS&S Professional Services offer a proven track record of helping our clients successfully mitigate risks so they can achieve their business goals. IHS facilitates your Bow Tie study in a three-step manner. We will first review the respective process safety information along with the scope and objectives of the project. This is followed by a series of onsite meetings where the facilitator guides the team to identify the hazards associated and assists them in analyzing these scenarios further. After the meetings, the facilitator provides a report that includes all the findings and recommendations of this study.

With IHS software, content and expertise, you can make EHS&S operational risk assessments part of a unified strategy for Enterprise Sustainability Management, supported by a single world-class provider. Contact us to learn more.

Related Methodology

• Bow Tie Analysis
• Failure Mode and Effects Analysis (FMEA)
• Fault Tree Analysis (FTA)
• Hazard and Operability Study (HAZOP)
• Job Hazard Analysis (JHA)
• Layer of Protection Analysis (LOPA)
• Process Hazard Analysis (PHA)
• Security Vulnerability Analysis (SVA)
• What If/Checklist