Fault Tree Analysis
The purpose of FTA is to deduct the causes of a failure before it occurs, in order to :
- Prevent it from happening
- Reduce the probability of it happening
- Minimise the effects of it happening
FTA should be considered if you want to assess the risk and probability of an undesirable event.
How Does it Work?
BowTie diagrams are unique in their ability to visualise complex risks in a way that is understandable, yet also allows for detailed risk-based improvement plans.
It is visual tool to keep an overview of risk management practices by creating a clear differentiation between the proactive and reactive side of risk management. It provides you with an overview of multiple possible incident states and shows what barriers you have in place to control them.
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