BowTieXP is a software tool that assists companies in their risk management and analysis.
A bow-tie diagram shows how well the risks of an organization are managed. Per bow-tie one potential hazard will be analyzed. A bow-tie diagram shows the possible threats that can lead to the release of a hazard and the possible consequences and effects it can result in. On the left side of the bow-tie diagram, -the fault tree-, the possible threats will be reflected with threat barriers that can prevent the threat from resulting in the release of the hazard. The right side of the bow-tie diagram, -the event tree-, shows the possible consequences when the hazard is actually released. The recovery preparedness measures indicate how these consequences can be eliminated or minimized.