Purpose of Bowtie Analysis in Aviation SMS
Bowtie analysis is one of the best aviation risk management tools to communicate risk and demonstrate commitment to safety.
Although not universally shared, I've seen that about 10% of smaller operators in the 100 to 500 employee range believe that bowtie is the best way to communicate operational risk and satisfy aviation safety management system (SMS) auditors. These "bowtie adherents" are usually providing services to the oil and gas industry.