Risk Identification Methods

Method Description

Method	Description
Brainstorming	Brainstorming is probably the best known and most widespread creativity technique, which basically aims to activate thought processes and identify as many ideas or risks as possible by promoting the creative potential of a group or individuals. Brainstorming is used to identify risks in all industries and functional areas due to its methodological simplicity and its versatility.
Bow-Tie	The Bow-Tie method can be considered to be a combination of earlier developed fault tree analysis (FTA) and event tree analysis (ETA) methods. A significant milestone in the history of Bow-Tie was the catastrophic incident on the Piper Alpha platform in 1988, which shook the oil and gas industry. In the early 1990s, the Royal Dutch Shell adopted the BowTie method as part of its methodological toolbox for managing risks. Nowadays, the Bow-Tie method is also used for risk management related to different transport modes such as maritime and aviation.

Brainstorming is probably the best known and most widespread creativity technique, which basically aims to activate thought processes and identify as many ideas or risks as possible by promoting the creative potential of a group or individuals. Brainstorming is used to identify risks in all industries and functional areas due to its methodological simplicity and its versatility.

Bow-Tie

The Bow-Tie method can be considered to be a combination of earlier developed fault tree analysis (FTA) and event tree analysis (ETA) methods. A significant milestone in the history of Bow-Tie was the catastrophic incident on the Piper Alpha platform in 1988, which shook the oil and gas industry. In the early 1990s, the Royal Dutch Shell adopted the BowTie method as part of its methodological toolbox for managing risks. Nowadays, the Bow-Tie method is also used for risk management related to different transport modes such as maritime and aviation.