The start of any bowtie is the "hazard". A hazard is something in, around or part of the organization which has the potential to cause damage. Working with hazardous substances, driving a car, or storing sensitive data are for instance hazardous aspects of an organization while reading this article on your computer is not.
Process Safety is about answering 3 simple questions:
Do we understand what can go wrong?
Do we know what our systems are to prevent this happening?
Do we have information to assure us they are working effectively?
Establish common risk-based communication: Bowtie diagrams provide a common language for risk communication and show the outcome of the risk assessment, including inherent and residual risk
Comprehensive risk analysis: Bowtie analysis provides a more complete overview of hazards, threats, major events, consequences, and barriers
Visual representation of risk: Bowtie diagrams provide a clear and easily understood visual representation of risk, making it easy for staff, supervisors, and managers to understand how high-potential accidents can occur and what barriers exist to prevent or mitigate them
Barrier-Based Risk Management – Bowtie analysis is a barrier-based risk management tool that uses diagrams to visually represent and communicate factors that contribute to risk (causes and effects)
Key Tool for Hazard Identification and Education: Bowtie Analysis is a valuable tool for educating personnel on hazard analysis and performing hazard analysis