This is the second instalment in a 2-part series on BowTie risk assessments. Today I show you how to apply the hierarchy of controls to a BowTie risk assessment which will ultimately give you a better understanding of where to target your resources and improve your monitoring and assurance activities.
In this post I examine the BowTie risk assessment – a great tool for business leaders to help you visualise your critical risks and associated controls. When these two aspects of risk management are clear, you will be able to easily identify what you should be monitoring as part of your assurance and due diligence activities.