It’s crunch time for Santa, his big December 25th deadline is quickly approaching. To prepare for Christmas, he’s making his risk register and checking it twice.
It’s been a little over a year since my love of-FAIR began, and my, does time fly when you’re having a good time! Perhaps “love” of-FAIR is a bit dramatic. However, I must say that the FAIR model has many benefits that make it an attractive and advantageous affiliation.
In the FAIR model for risk analysis, Loss Magnitude—i.e. the monetary impact of a loss event—is bucketed in six Forms of Loss: Productivity, Response, Replacement, Competitive Advantage, Fines & Judgements, and Reputation.