Bowtie Analysis for Risk Management: Example & Template Included

Bowtie Analysis for Risk Management: Example & Template Included

All projects are embedded with the potential for problems or opportunities. This is called risk, and project management has created risk management tools to address these uncertainties. One technique is bowtie analysis. We’ll break down the bowtie model and explain when to do a bowtie risk assessment, including a bowtie diagram in an example to make the concept fully understandable. We’ll also include a free template to download so you can try i…