![]() Governors has just made a revolutionary step in risk analysis. It is bringing together two worlds that were always considered separate. The quantitative and qualitative risk analysis.IntroductionFor those customers that want the possibility to create quantitative and semi-quantitative analyses, built on the bow-tie model, Governors has developed BowTieXL. FeaturesBowTieXL introduces a Microsoft Excel compatible spreadsheet into BowTieXP, which exposes all the information in the case file as tabular data in this spreadsheet. This allows you to use that data to do spreadsheet calculations, based on that data, and feed the results back into your bow-tie model. It also allows you to define extra variables on the bow-tie diagram itself for use in calculations. This functionality gives you a lot of freedom to create what you need. You can for instance calculate average effectiveness of controls, use the effectiveness score to colour controls, create a financial model that lets you know what the cost reduction is for each control that you add or make a questionnaire that feeds back into your bowtie. ApplicationsBowTieXL was designed without any single model in mind. Instead it was designed to encompass all possible models. This means that it can be used to display for instance LOPA, or any other model that you want to superimpose on the Bowtie. Apart from being able to do calculations based on the bow-tie model data, you can also use BowTieXL to:
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