Answer to Question #218380 in Management for Kayzee

Question

Discuss how you would apply Bowtie analysis in risk management (13marks)

Answer 1

This is a process that is used when you want to identify a new control. It’s a n effective method used in risk assessment and treatment. It helps the project manager or the person who is handling the project be able to identify any gaps that may be present in the project and even before the project and comes back with the controls and solutions. It helps the project manager in assessing and examining project issues that cause its delay or failure. This means that it’s used in the preparation of control systems. It also provides appropriate responses to any of the consequences that may be seen in the project.