Questions
What are some basic principles of risk indicators?
How can we distinguish between leading indicators and lagging indicators?
What is the straightforward approach to analyze an instance of a risk event affecting the organization in the past?
What is root cause analysis, and how is it helpful in identifying risk indicators?
What is the Five Whys method, and how does it work?
What is the example given in the text about the Five Whys method?
What is a trigger point, and how can it help manage the risk?
What is the Bowtie Analysis, and how does it work?
What is the importance of controls in preventing the risk event?
What are some examples of controls mentioned in the text?
What are some risk indicators, and in what categories do they fall?
How do you distinguish between a leading indicator and a lagging indicator, and which one is analyzed first?
What is a straightforward approach to analyzing a leading indicator?
What is root cause analysis, and how is it helpful in managing risk?
What is the Five Whys method, and how is it used in risk analysis?
What is an example of root cause analysis from personal life?
What is the risk event and intermediate cause in the example from personal life?
What is a trigger point, and how can it be used to manage risk?
What is Bowtie Analysis, and how is it used in managing risk?
What is an example of a common risk event, and what are some causes and controls for that event?
What are the two categories that risk indicators can fall into, and what are some examples of each?
SOP - BowTie Analysis