The Bow-Tie Builder Tool

  • by William Newman, Managing Principal, Newport Consulting Group
  • May 1, 2012
To tie key risk events into the cause and effect of ERM activities, SAP Risk Management 10.0 includes a feature known as the bow-tie builder. The bow tie is a means of visually communicating the nature of a risk event and what the expected causes and impacts might occur if the risk event actually transpires.
The SAP Risk Management 10.0 bow-tie builder can link specific responsible organizations to the risk event, as well as to the overall risk category and the risk activity defined in the risk management program. To access the bow-tie builder of SAP BusinessObjects Risk Management 10.0, first launch the Assessments window from the main SAP Risk Management 10.0 cockpit. From the Assessments window you may choose from the available options. These options are shown in this figure.

William Newman

William Newman, MBA, CMC is managing principal of Newport Consulting Group, LLC, an SAP partner focused on EPM and GRC solutions. He has over 25 years of experience in the development and management of strategy, process, and technology solutions spanning Fortune 1000, public-sector, midsized and not-for-profit organizations. He is a Certified Management Consultant (CMC) since 1995, qualified trainer by the American Society of Quality (ASQ) since 2000, and a trained Social Fingerprint consultant in social accountability since 2012. William is a recognized ASUG BusinessObjects influencer and a member of SAP’s Influencer Relations program. He holds a BS degree in aerospace engineering from the Henry Samueli School of Engineering and Applied Science at UCLA and an MBA in management and international business from the Conrad L. Hilton School of Management at Loyola Marymount University. He is a member of the adjunct faculty at both Northwood University and the University of Oregon with a focus on management studies and sustainability, respectively.

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