23 05, 2019

ISO 31000 blog series – Risk evaluation

2019-05-24T16:29:59+02:00Blog|

In the past blogs, we covered how to set the scope, identify major risks and analyze them using the bowtie methodology. In this edition, our focus is on evaluating the risk which was analyzed previously. It is possible to evaluate risks in different ways, divided into two categories, the qualitative and the quantitative way. Using [...]

13 05, 2019

A Mining Guest Blog Series by Jim Joy – Part 8: Identifying critical controls

2019-05-13T15:50:31+02:00Blog|

The 9-step Critical Control Management (CCM) process was shown in the last article with a discussion about the need to establish quality Control-Based Risk Management (CBRM) for priority unwanted events (step 3) before moving to CCM. This article will continue with the CCM process, presenting a variety of approaches to selecting potential critical controls (step [...]

9 05, 2019

LNER using bowtie to plan for contingency

2019-05-09T11:30:21+02:00News|

The London North Eastern Railway, formerly known as Virgin Trains East Coast, developed a bowtie to be used as both a risk assessment and a project plan. In case of a strike, the company has two weeks to organize contingency operations. Using the bowtie ensures the operations are just as safe as during normal operations. [...]

7 05, 2019

ISO 31000 blog series – Which factors should you consider during risk analysis?

2019-05-07T12:19:57+02:00Blog|

In our last blog, we briefly mentioned ISO 31000 guidelines on risk analysis and then introduced the bowtie methodology. In this week’s blog, we will explore this in more detail using the bowtie methodology. According to the ISO 31000 guideline, you should consider multiple factors during the risk analysis phase. As the International Organization of [...]