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Creating an effective risk management capability that engages with the business must be built on a solid understanding of risk, what it is, and how it behaves. A lack of common understanding and a distorted view of risk is often a key stumbling block in building an effective and robust Risk Management framework.
This lunch explores the nature and behaviour of risk using Bow Tie Analysis, a simple but powerful technique in mapping risk.
Back in Time: RMTL Bow Tie Analysis Sydney 2013: An infographic of the Bow Tie Analysis
Protecht would like to thank those who attended the Thought Leadership Risk Management Technical Lunch held in April 2013.
We are pleased to share the results Dashboard, generated from analysis of survey responses received.
The results show that most organisations use elements of Bow Tie Analysis in their risk management approaches, but that comparatively few use the Bow Tie as a metaphor. Comments on the day suggest that a large number of attendees saw value in representing their risks in this way.
Protecht is an international company founded by some of the most accomplished risk professionals in the industry. Since 1999, we have delivered training, advisory and software solutions that intensify the Risk Management focus and discipline of government departments, corporations around the world.