Bow-Tie Analysis should be considered if you want to assess the risk and probability of a undesirable events.
Bow-Tie is used to identify and display barriers and safeguards.
A Bow-Tie diagram visualises the risk you are dealing with in one understandable picture.
BowTie diagrams are unique in their ability to visualise complex risks in a way that is understandable, yet also allows for detailed risk-based improvement plans.
It is visual tool to keep an overview of risk management practices by creating a clear differentiation between the proactive and reactive side of risk management. It provides you with an overview of multiple possible incident states and shows what barriers you have in place to control them.