Education / Course Details
Risk Bow Tie and Root Cause Analysis
Unlock the full potential of your risk management strategy with The Protecht Group's specialised training in Risk Bow Tie Analysis and Root Cause Analysis (RCA).
About this course
This advanced course, offered through the RMIA, is crafted for risk management professionals who are eager to enhance their expertise and drive superior risk management practices.
Master Risk Bow Tie Analysis:
Bow Tie Analysis is a dynamic risk management tool that combines Fault Tree Analysis (FTA) and Event Tree Analysis (ETA) into a single, comprehensive framework. Learn how to create and utilise Bow Tie diagrams to clearly visualise risk scenarios, identify potential causes and consequences, and implement effective controls. This method helps you proactively manage risks and improve decision-making processes within your organisation. Gain practical skills to construct detailed Bow Tie diagrams and integrate them into your risk management strategies for enhanced clarity and effectiveness.
Deepen Your Understanding with Root Cause Analysis (RCA):
Root Cause Analysis is a crucial technique for uncovering the fundamental reasons behind incidents rather than just addressing superficial issues. Our course will guide you through structured RCA methods, including the “5 Whys” and Fishbone diagrams (Ishikawa diagrams). Develop the ability to conduct thorough investigations, identify true causes, and formulate robust solutions to prevent recurrence. Mastering RCA will empower you to refine your risk management strategies and foster a culture of continuous improvement within your organisation.
Course specifics
Audience: This course is ideal for risk managers, safety officers, and quality assurance professionals seeking to advance their risk management capabilities.
Cost: $770.00 (members), $924.00 (non-members)
Facilitator: The Protecht Group
Format: On-Demand
Time: 3.5 hours of video content
CPD Points: 5
Course Facilitator:
The Protecht Group
Course details
Enhance your risk management expertise with Protecht’s specialised course on Risk Bow Tie Analysis and Root Cause Analysis (RCA). This comprehensive training, offered through the RMIA, equips professionals with essential skills to effectively visualize and manage risks using Bow Tie diagrams and uncover fundamental causes of issues with RCA techniques. Learn to create detailed risk assessments, identify key risk factors, and develop robust mitigation strategies. Ideal for risk managers and safety professionals, this course provides practical insights and tools to refine your risk management practices and strengthen organisational resilience. Enroll now to advance your risk management capabilities.
Key topics covered:
1. The case for bow tie analysis - what are its uses
The value add of risk bow ties
Use cases for risk bow ties
Root cause analysis
Incident management
A picture of risk
A hub for integrating all risk information for comprehensive risk profiling
2. Nature and components of risk and bow tie analysis
Root causes
Risk events
Risk impacts/consequences
Failed processes
Defining inherent risk
The implications for risk definitions and risk taxonomies
Mapping controls to a risk bow tie
3. Various risk analysis techniques
Summary of similar risk analysis techniques in ISO 31010
4. A history of bow ties
Where did risk bow ties originate?
Popularisation of risk bow ties
5. The principles of bow tie analysis
Breaking out the components of risk
Root cause analysis - the power of why?
Linking root cause to impact on objectives - asking "what next?"
The types of controls that can be applied to the risk bow tie
6. The methods of bow tie analysis
The barrier method
The comprehensive method
Skills for effective risk bow ties
7. The methods of root cause analysis
Common root causes
Using risk bow ties to analyse incidents
Key weaknesses to identify when conducting root cause analysis
8. Use cases for bow tie and root causes
Integrating into your ERM framework
Control assurance and controls assessment
Identification of risk metrics
Incident management
Issues and actions management
Compliance risk
Communicating and reporting
9. Who should use the techniques
Everyone as a risk manager
Risk bow ties for boards
10. When should the techniques be used
Cadence of risk management
Alignment with risk management processes
Tools to use to create risk bow ties
Learning outcomes:
Develop Proficient Risk Bow Tie Diagrams: Gain the skills to create and interpret comprehensive Bow Tie diagrams, enabling you to visualise risk scenarios, identify potential causes and consequences, and implement effective risk controls.
Conduct In-Depth Root Cause Analysis: Master the techniques for performing thorough Root Cause Analysis using methods such as the “5 Whys” and Fishbone diagrams, allowing you to uncover underlying issues and develop sustainable solutions to prevent recurrence.
Enhance Risk Management Strategies: Learn to integrate Bow Tie Analysis and RCA into your risk management framework, improving your ability to proactively manage risks, make informed decisions, and enhance overall organizational resilience.