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Average Ratings 0 Ratings
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
No images available
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
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