ISO 31000 blog series – Risk evaluation with BowTieXP

• Now you have your risk matrix, you can start using them on the hazard, top event or consequence. Let’s say we want to use it on the consequence. Hover over the consequence and click on the pencil icon and go to the risk assessment tab. Here you can asses the inherent and the residual risk. 

• Now you have assessed the risk of the consequence, but it does not automatically show on the diagram. Click on the eye icon to tick the box for inherent and residual. 

It is also possible to use the risk matrix on the hazard or top event. Organizations choose to do so to show the overall risk assessment of that hazard for example. The process works the same as for the consequence, but sometimes the risk assessments are shown on the top event, while you actually want to see it on the hazard. Go to the large eye icon in the toolbar.

Under hazard risk assessment, you can tick the box to show the risk matrix on the top event. If this box is not ticked, it will be shown on the hazard.
In this same overview, you also have the option to hide the unassessed risk assessments. If you do not tick this box, the unassessed risk assessments are shown as grey.

2. Consequence categories

Some organizations do not use risk matrices, but they use the consequence types or categories. For example, you can create two categories; 1. ALARP and 2. Not ALARP. Go to the lookup tables in the treeview. Right click on Consequence categories and select new consequence category.

These are just two examples of how to do a qualitative risk evaluation in BowTieXP. Which of these two ways do you prefer?

What’s next?

When you have completed this risk evaluation phase, your diagram will directly show you where you need to improve safety. But how? You’ll find out in our next blog about risk treatment.