Bowtie Analysis is a risk management technique used to map a risk event, its causes, and its effects, recognizing the complexity of the causal chain. It is a graphical approach that looks like a bowtie, with the thick ends representing prevention, trigger points, and early warning indicators, and the thin middle representing the risk event. On the left side, the preventive measures are identified to prevent the risk event from occurring. On the right side, corrective measures are identified to mitigate the effects of the risk event in the event it occurs. Bowtie Analysis is used in managing risk by developing controls that allow an organization to respond and provide assurance that it is actually managing the risk effectively. By identifying the causes and effects of a risk event, an organization can develop mechanisms to control the risk, allowing it to respond to a risk event effectively.