Updated: Jun 10, 2020
In response to increasing and often overlapping requirements from standards and regulatory bodies, many companies are looking to integrated and proactive approaches to manage all their obligations, reduce risk, and increase stakeholder trust.
Each management system serves as a layer of defense against unwanted events such as: loss of containment, injury, regulatory violation, non-conformance, and others.
A Bow-Tie Analysis can be an effective tool to ensure that you are not over or under investing with respect to risk controls. It also helps you identify metrics to monitor and track the effectiveness of your overall compliance program.