FAIR Fundamentals Hybrid Course - Q4 2023
Learn the conceptual foundation and gain the practical experience necessary to competently perform FAIR™ analyses. The courses are accredited by the Open Group.
November 27, 2023 - December 01, 2023

In this course, you will discover the challenges with conventional, qualitative risk management methods. We will introduce you to the FAIR Standard and methodology, associated processes, and terminology. You will also learn key measurement concepts, calibrated estimation methods necessary to conduct quantitative risk analysis in your agency or department, and best practices to communicate analyses to stakeholders. The learning experience is further solidified by hands-on work on applicable use cases.

The Hybrid-class course is designed and taught by experienced FAIR experts. Designed to be the best of both methods, giving you the flexibility of self-paced lessons and office hours.

By the end of the course, participants will be able to:

  • Know the FAIR Standard (variables, definitions, relationships, forms of loss, etc.)
  • Explain the FAIR risk analysis process
  • Properly scope scenarios for analysis
  • Use calibrated estimation in quantitative risk analysis
  • Map controls to the FAIR Standard to analyze risk mitigation
  • Interpret the results of a FAIR analysis and create reports for stakeholders
  • Apply their knowledge to case studies based on real-life scenarios

Course Outline:

  • Introduction to FAIR
  • The State of Risk Management
  • The Profession Today – Prevailing Practices of Risk Management
  • Assumptions and Terminology
  • Measurement Concepts
    • Probability vs. Possibility
    • Probability vs. Prediction
    • Subjectivity vs. Objectivity
    • Accuracy vs. Precision
  • Calibrated Estimation
  • FAIR Standard Application
  • Analysis Scoping
  • Quantifying Operational Risk
  • Forms of Loss
  • Threat Capability Continuum
  • Controls and the FAIR Standard
  • Reporting Risk Analysis Results
  • Case Studies

CPE Credits & Certification:

All participants will receive a certificate of completion, including 16 CPE hours for professional certifications. After training, the participants will be prepared for the Open Group’s Open FAIR Certification exam and will receive a voucher covering the cost of the exam.


Bernadette ”Bernie” Dunn, Trainer, RiskLens Academy

  • Certified OpenFAIR Trainer, RiskLens
  • Technology to Business Communications Expert since 2001
    • Pioneer in online career services (CareerBuilder.com)
    • Certified Microsoft Licensing Solution Provider (LSP)
    • Digital Transformation Software Solutions Executive (SaaS)
  • Board Leader, WITI & Advisory Board Leader, Global Won
  • Mentor & Advocate for Veterans in transition
  • B.A., Organizational Communications, University of Cincinnati, 2001
  • Certificate of Mastery, Rhetorical Theory, University of Cincinnati, 2001
  • Certified Leadership Development Coach and Trainer, Next Level Trainings (2015) Deep Coaching Institute (2018)

Agenda (ET*)
Monday, November 27
11:00 AM - 11:30 AM
11:00 AM - 11:30 AM
-Introduce course and instructor -Complete tour of online course space -Set expectations
11:30 AM - 2:30 PM
11:30 AM - 2:30 PM
Complete modules “Welcome!” through “FAIR Model Assessment” *This is a recommended blocking time for this day. You can self-study at your own pace.
Tuesday, November 28
11:00 AM - 1:00 PM
11:00 AM - 1:00 PM
-Open Q/A -Basic Risk Concepts -FAIR Model Review -Measurement Concepts Review/Activity -FAIR Terminology Throughout
1:00 PM - 2:30 PM
1:00 PM - 2:30 PM
Complete modules “Analysis Scoping” through “Presenting Results” *This is a recommended blocking time for this day. You can self-study at your own pace.
Wednesday, November 29
11:00 AM - 1:00 PM
11:00 AM - 1:00 PM
-Open Q/A -Six Forms of Loss -Risk Analysis Process Review/Activity -Controls Review/Activity -Practicing Presenting Results
1:00 PM - 2:00 PM
1:00 PM - 2:00 PM
Read Case Study (BioNova) *This is a recommended blocking time for this day. You can self-study at your own pace.
Thursday, November 30
11:00 AM - 1:00 PM
11:00 AM - 1:00 PM
-RiskLens Case Study #1 Review
1:00 PM - 4:00 PM
1:00 PM - 4:00 PM
Complete self-guided case studies in RiskLens platform Download and review OpenFAIR Certification Exam Study Guide from RiskLens Academy *This is a recommended blocking time for this day. You can self-study at your own pace.
Friday, December 1
11:00 AM - 1:00 PM
11:00 AM - 1:00 PM
-Open Q/A -Review Case Study Results

No records found.

A class minimum of eight (8) participants is required for all training courses. In the event that there are not at least eight (8) participants registered by the cut-off date, the training class will be cancelled and all fees paid will be held for a future date. All class registration will be cut-off one (1) week prior to the proposed training date.