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Average Ratings 0 Ratings

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ease
features
design
support

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Description

BowTieXP represents a cutting-edge tool for risk assessment that employs the Bowtie Method to evaluate potential hazards. Its distinctiveness lies in the capability to depict intricate risks in an easily digestible format. The effectiveness of a BowTieXP diagram lies in its ability to present a comprehensive view of various plausible scenarios within a single visual representation. Essentially, it simplifies the explanation of a risk that might otherwise be challenging to convey. The true strength of BowTie is that it is accessible and comprehensible for everyone, from senior executives to factory workers; however, crafting a high-quality BowTie demands significant expertise in the BowTie methodology, a firm grasp of the related guidelines, and a thorough understanding of the topic under evaluation. Thus, while the tool is user-friendly, the process of creating an effective BowTie diagram is intricate and requires careful consideration and knowledge.

Description

Riskion® serves as Expert Choice's comprehensive risk management solution tailored for organizations seeking more than just basic or spreadsheet-driven risk assessment. It establishes a methodical and systematic approach to pinpoint risks, their underlying causes, events, and potential outcomes throughout the organization, utilizing mathematically robust, ratio-scale evaluations instead of mere speculation. By facilitating collaborative input from stakeholders, it allows decision makers to harness collective expertise and visualize connections among various risk factors, triggers, and mitigation strategies. Riskion also enables the assessment of both low and high probability events, facilitates scenario comparisons, and optimizes resource allocation for effective risk treatment. The use of visual tools, such as "bow-tie diagrams," effectively conveys risk pathways and exposures. Ultimately, Riskion is designed to enhance accountability, deliver dependable risk assessments, and streamline decision-making processes by minimizing uncertainty and fostering clarity within the organization, thereby empowering teams to respond proactively to potential challenges.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

No images available

Integrations

Microsoft SharePoint

Integrations

Microsoft SharePoint

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

$6,000/month
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

A-RisC

Country

The Netherlands

Website

www.a-risc.com/software.html

Vendor Details

Company Name

Expert Choice

Founded

1983

Country

United States

Website

www.expertchoice.com/riskion/

Product Features

Decision Support

Application Development
Budgeting & Forecasting
Data Analysis
Decision Tree Analysis
Monte Carlo Simulation
Performance Metrics
Rules-Based Workflow
Sensitivity Analysis
Thematic Mapping
Version Control

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

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