How to use a #bowtie analysis for #riskmanagement A bowtie is one of the simplest and most versatile risk tools around. This 3 minute video explains the four basic steps to making and using a bowtie. Satarla regularly use versions of bowties in our risk workshops as they allow all participants to contribute to understanding the risk and building the plan to manage the risk.
A #risk #bowtie is used to explore the management of this risk The failure of a tailing’s dam has the potential to be to the mining industry what Deepwater Horizon was to the energy sector. The risk of mine waste sludge being inadvertently discharged into often populated and environmentally sensitive valleys is routinely highlighted in company risk reports . Billions of dollars are at stake as they are required to pay for what environmental clean up is possible; the rebu