Bow Tie definition

Bow Tie a tool that consists of the Risk Event in the center, a listing of Drivers on the left side that potentially lead to the Risk Event occurring, and a listing of Consequences on the right side that show the potential Outcomes if the Risk Event occurs. • Consequence (or Impact): the effect of the occurrence of a Risk Event. Consequences affect Attributes of a Cost-Benefit Approach. • Control: Currently established measure that is modifying Risk. • CoRE: estimated dollar value of the Consequences of a Risk Event.
Bow Tie. Emblems "The Heartbeat of America" (with or without Bow Tie Emblems) GM Official Licensed Products Emblem (as shown on Attachment A to this TWENTY FOURTH AMENDMENT) * It is understood and agreed between the parties that LICENSEE may also use Body Designs for the GRAND SPORT, COLLECTOR'S EDITION, and CORVETTE (through production vehicle model year 1997) on packaging and promotional materials only, with LICENSOR'S prior approval to Paragraph 9.6 of the AGREEMENT.
Bow Tie tool is a very useful means for communicating the knowledge about hazards that can lead to major incidents and the control measures undertaken to control the risks. Information in the Bow-Ties is shared via a series of learning sessions that focus on the Critical Control Measures and that can be designed to maximise the opportunities to learn.

Examples of Bow Tie in a sentence

  • This program aims to reduce the following Potential Consequences of the right side of the Risk Bow Tie: serious injuries and/or fatalities (PC.1).

  • The left side of the Bow Tie illustrates drivers that lead to a risk event and the right side shows the potential consequences of a risk event.

  • A mapping of each Control/Mitigation to the element(s) of the Risk Bow Tie addressed is provided in Appendix A.

  • Both of these stages were completed and released in time to be incorporated in a major Baan release.

  • Bow Tie diagram is used to identify the critical or initiating events.

  • The Risk Bow Tie shown in Figure 1 below is a commonly-used tool for risk analysis.

  • Figure 3 The Swiss Cheese Incident Causation Model [Adapted from 20] Figure 4 The Bow Tie Diagram Used to Represent Weaknesses in the Protection Layers The process safety risk associated with a hazardous material or energy release scenario can be defined as [10]:Risk: A measure of human injury, environmental damage, or economic loss in terms of both the incident likelihood and the magnitude of the loss or injury.

  • Cinemark, Regal, BJK, Bow Tie, and Community Theaters support the necessary work of public health officials in promoting the health and safety of New Jersey residents, and of taking responsible measures to reduce the risk of transmission of the novel coronavirus.

  • This program aims to reduce the following Potential Consequences of the right side of the Risk Bow Tie: serious injuries and/or fatalities (PC.1); and property damage (PC.2).

  • As depicted with the incident triangle in Figure 1 and the Bow Tie Diagram in Figure 4, the sequence of protection layer failures begins with Tier 4 events (i.e., failures in Barrier 2), leading to Tier 3 near miss events, Tier 2 PSEs, or Tier 1 PSEs. The emergency response system is activated in all cases if the incident results in fatalities, injuries, environmental harm, property damage, and business interruption (Barrier 8).


More Definitions of Bow Tie

Bow Tie a tool that consists of the Risk Event in the center, a listing of Driversdrivers on the left side that potentially lead to the Risk Event occurring, and a listing of Consequences on the right side that show the potential Outcomesoutcomes if the Risk Event occurs. Consequence (or Impact): the effect of the occurrence of a Risk Event. Consequences affect Attributes of a Cost-Benefit Approach an MAVF. CoRE: estimated dollar value of the Consequences of a Risk Event. CPUC: California Public Utilities Commission. Driver: a factor that could influence the likelihood of occurrence of a Risk Event. A Driverdriver may include external events or characteristics inherent to the asset or system. Enterprise Risk Register (also referred to as “risk registry” or “ERR”): an inventory of enterprise risks at a snapshot in time that summarizes (for a utility’s management and/or stakeholders such as the CPUC) risks that a utility may face. The ERR is not intended to be static as risks are dynamic in nature. As such, the ERR must be refreshed on a regular basis and can reflect the changing nature of a risk; for example, risks that were consolidated together may be separated, new risks may be added, and the level of risks may change over time. Exposure: the measure that indicates the scope of the risk, e.g., miles of transmission pipeline, number of employees, miles of overhead distribution lines, etc. Exposure defines the context of the risk, i.e., specifies whether the risk is associated with the entire system, or focused on a part of it.

Related to Bow Tie

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