Risk Bow-Tie

A visualization tool for risk analysis that illustrates the relationship between risk causes, risk events, and risk consequences. The risk event forms the center of the bow-tie, with causes branching to the left and consequences to the right. Controls can be mapped to both the cause and consequence sides, showing preventive controls (reducing likelihood) and detective/corrective controls (reducing impact). The Bow-Tie helps clarify risk definitions and enables more targeted risk management by addressing specific causes and consequences rather than generic risk categories.

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Risk Categories

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Risk-Based Performance Management (RBPM)