BOW-TIE: INDUSTRIAL RISK MANAGEMENT ACROSS SECTORS

In Bow-Tie Industrial Risk Management Across Sectors: A Barrier Based Approach, accomplished researcher and author Luca Fiorentini delivers a practical guide to risk management tools, with a particular emphasis on a systematic barrier-based approach called “bow-tie.” The book includes discussions of two barrier-based methods, Bow-Tie and Layers of Protection Analysis (LOPA), for risk assessment, and one barrier-based method for incident analysis, Barrier Failure Analysis (BFA). The author also describes a traditional method–Root Cause Analysis–and three quantitative methods–FMEA/FMECA, Fault Tree (FTA), and Event Tree (ETA) with a discussion about their link with barriers

Written from the ground up to be in full compliance with recent ISO 31000 guidance on enterprise risk management, and containing several case studies and examples from a variety of industries, Bow-Tie Industrial Risk Management Across Sectors also contains discussions of international standards dealing with common risks faced by organizations, including occupational health and safety, industrial safety, functional safety, environmental, quality, business continuity, asset integrity, and information security.

Readers will also benefit from the inclusion of a:

1. a thorough introduction to the Bow-Tie method, including its practical application in risk management workflow from ISO 31000, the history of Bow-Tie, related methods, and the application of Bow-Tie in qualitative and quantitative ways
2. an exploration of Barrier Failure Analysis, including events, timelines, barriers, causation paths, and multi-level causes
3. a practical discussion of how to build a Barrier Failure Analysis, including fact finding, event chaining, identifying barriers, assessing barrier states, causation analysis, and recommendations
4. a concise treatment of Bow-Tie construction workflow, including a step-by-step guide

Perfect for engineers and other professionals working in risk management, Bow-Tie Industrial Risk Management Across Sectors: A Barrier Based Approach will also earn a place in the libraries of advanced undergraduate and graduate students studying risk management and seeking a one-stop reference to the “bow-tie” approach and barrier based-methods.

The book is coded to include a series of case studies from a wide range of industries, developed with the support of international experts who have adopted barrier-based approaches in their own fields.

The book is accompanied by a number of technical forewords from safety, risk management, quality, systems and organisations, and industry representatives from different sectors and fields: Riccardo Ghini (Sanofi), Bernardino Chiaia (Politecnico di Torino), Luca Marmo (Politecnico di Torino), Giuseppe Conti (Enel), Claudio De Angelis (Ministero dell’Interno), Damiano Tranquilli (Grandi Stazioni Rail), Enzo Matticoli (Delos Power), Salvatore Bagnato (Energean).

Author used CGE tools, BowTieXP and IncidentXP, to develop figures and examples.