Course Agenda

Agenda

 

Day 1 - Wednesday 23rd October

We begin Day 1 with a discussion of what risk management should enable an organization to do. What are the goals of risk management? How does the risk management process work? After this, we'll explore traditional/qualitative risk management methods and identify why they are sub-optimal. From there, we will begin our exploration of FAIR by aligning on a common lexicon of risk, discussing foundational concepts of quantitative analysis, and learning about calibrated estimation. We will conclude the day by learning the components of the FAIR model itself.

09:00

Registration and refreshments

09:30

Risk Management: Process and Goals

  • Use of risk management
  • Goals of risk management
  • How does the process work?
  • The flaws of traditional/qualitative risk management

11:00

Morning break

11:30

The Risk Lexicon

Effective risk management using FAIR

13:00

Lunch

14:00

FAIR Fundamentals Part 1:

  • Foundational concepts
  • Making calibrated estimates

15:30

Afternoon break

16:00

FAIR Fundamentals Part 2:

The FAIR Model

17:30

End of day one

 

Day 2 - Thursday 24th October

Day 2 extends your knowledge of the FAIR model and how to use it to conduct quantitative risk analyses. We will discuss Monte Carlo simulation, a high-level overview of the risk analysis sub-process, and the role controls play in a FAIR-based analysis. We'll conclude the day with three case studies that will allow you to practice applying FAIR to real-life situations using the RiskLens software platform.

09:00

Refreshments

09:30

FAIR Fundamentals Part 3:

  • Monte Carlo simulation
  • The risk analysis sub-process

11:00

Morning break

11:30

FAIR Fundamentals Part 4:

Considering controls in FAIR analyses

13:00

Lunch

14:00

Applying FAIR:

  • Case Study 1 and Discussion
  • Case Study 2 and Discussion

15:30

Afternoon break

16:00

Applying FAIR:

Case Study 3 and Discussion

17:30

End of course