Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Improving Executive Decisions on Risk: Lessons From Oil & Gas and Aviation | Contract Pharma

What are you searching for?

Sign in
Online Exclusives

Improving Executive Decisions on Risk: Lessons From Oil & Gas and Aviation

You may know FMEA, Fault Tree and Fishbone methods, but do you know Bow-Tie risk assessment practices? Proven in aerospace and oil & gas industries, they can help strengthen top management connection to key areas of potential vulnerability.

Author Image

By: Tim Wright

Editor-in-Chief, Contract Pharma

After North Sea oil rig disasters in the 1980s, the oil and gas industry began to apply a concept called Bow-Tie risk assessment in the 1990’s.  Aviation companies also use the method, which facilitates communication, and involvement, with top management, big-picture types who may not be familiar with (or care all that much about) standard failure mode and effect analysis (FMEA) and other risk-management methods.  

Tune into this free Contract Pharma webcast, in which Celgene’s senior director of corporate compliance and governance, Kenneth Ray, discusses how his company is using the tool, and aerospace expert Robert Dodd shows how it can best be tailored to meet pharma needs.  (Quick and easy registration required).  To register and learn more, click here. 

Add us as a preferred source on Google

Get the latest Contract Pharma news, insights and analysis in your Google Search and AI experiences.

Add Contract Pharma as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters