Risk management professionals use several tools and methodologies to assess risks. Bowtie risk analysis is one of the most common tools because it helps to visualize the causes and impacts of risks, as well as better determining the controls to put in place.
IsoMetrix has designed a Bowtie risk analysis tool to provide such structured visual methodology to help manage risks by breaking them down into a series of threats and controls (preventative and mitigating) associated with a risk event. The Bowtie risk analysis helps to better understand risks affecting the organization by visually representing risk concepts and the relationships between them.
Here are the first steps towards building a COVID-19 Bowtie with IsoMetrix and guidance to better understand how it impacts your existing operational risks.