Operational risk

Bow-tie analysis

In French : Nœud papillon

An analysis technique linking the causes of a top event to its consequences, showing preventive barriers on the left and protective barriers on the right.

Source : IEC 31010:2019

Related terms

Scenario

A description of a hypothetical situation used as the basis for an exercise or a risk analysis. It must be severe but plausible to produce usable learning.

Residual risk

The risk remaining after treatment. It must be explicitly accepted by a body with the authority to do so.