The key SMS components: 

a. Safety Policy and Objectives

• Safety Accountabilities:
• • Clearly define, communicate and document lines of safety accountability throughout the organisation by linking accountable post holders to controls.

b. Safety Risk Management

• Hazard identification processes:
• • Provide a Hazard Register platform.
• Risk assessment and mitigation processes:
• • Provide a proven, logical structure to qualitative risk assessment.
  • Demonstrate that you are managing risk to an acceptable.
  • Provide senior management with an overview of the risk landscape (resource management).
• Internal safety investigation:
• • Reference to completed risk assessments.
  • Platform for recording investigation findings and actions

c. Safety Assurance

• Safety performance monitoring, measurement and review:
• • Verify the safety performance of the organisation by validating the effectiveness of safety risk controls: link safety intelligence strategies to the bowties (e.g. linking SPIs to controls and incorporating lessons learned from incidents and accidents).
  • Structure audits based on the safety risk controls identified in bowties.
• The management of change:
• • Identify and manage how change may affect safety by reference to ‘before and after’ BowTies.

d. Safety Promotion

• Training and Education:
• • Facilitate discussions and raise awareness with diagrams e.g. prior to commencing a particular type of operation or at scheduled training events.
• Safety Communication:
• • Facilitate communication, co-operation and co-ordination both internally and with external stakeholders.
  • Ensure understanding of safety responsibilities, convey safety critical information and explain safety actions and procedures.
  • Generate diagrams and/ or text based reports based on the bowtie.

Obviously this isn't a definitive list though and there are many other ways in which to benefit from the use of a barrier based approach to risk management.