Get more out of your data, quantify your bowties
Take your risk assessment to the next level with BowTieXL
BowTieXL feature overview
What is BowTieXL?
BowTieXL allows you to create your own methods for quantified and visual risk assessment in BowTieXP.
The application introduces a Microsoft Excel compatible spreadsheet into BowTieXP, which exposes all the information in the case file as tabular data in this spreadsheet. This allows you to use that data to do spreadsheet calculations based on that data, and feed the results back into your bowtie model.
It also allows you to define extra variables on the bow-tie diagram itself for use in calculations. This functionality gives you a lot of freedom to create what you need. You can for instance calculate average effectiveness of controls, use the effectiveness score to color controls, create a financial model that lets you know what the cost reduction is for each control that you add or make a questionnaire that feeds back into your bowtie.
Quantify your bowties
Create your own risk analysis methods by using BowTieXL. Build and manipulate data in bowtie diagrams by making use of Microsoft Excel functionality. This software connection allows for freedom and flexibility, finding various ways to quantify bowties. Create actual risk pictures by using self-conceived formulas.
Get more out of your data
Customize calculations using Excel functionality to add value to your data. Build a more dynamic picture by combining multiple data resources and aggregating the results. Barrier effectiveness values can for example be calculated and linked to consequences to help determine an organization’s ALARP level.
Improve risk assessments
Improve your risk based decisions by combining both qualitative and quantitative risk assessments, all visualized in one clear bowtie picture. Enable multiple ways to carry out Process Safety calculations for your Safety Integrity level (SIL), Safety Instrumented Function (SIF), Failure Mode and Reliability Analysis (FMRA), and so on.
Combine with our other software solutions
BowTieXP is the most advanced software tool based on the bowtie method. The visual risk assessment the method provides improves risk understanding, communication and management.
IncidentXP allows an organization to maximize learning from incidents: link investigation results to the bowtie risk assessment to detect trends and improve your risk assessment and management.
Audit results become alive and meaningful when audits are linked to your barriers. At one glance you will know which safety barriers are performing as they should and which can be improved.