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Exam Information
Official specifications published by The Open Group
Exam Format
60 min
40
24
Foundation
Registration
$360 USD
Pearson VUE or online proctoring
English
Validity
Lifetime - No expiration
Not required - certification does not expire
O-FAIR-2F Exam Topics and Domains
O-FAIR-2F is organized into 6 weighted domains.
1
Open FAIR Fundamentals and Risk Concepts
15%
Introduction to Open FAIR
Purpose and Benefits of FAIRFAIR Terminology and StructureHistory and Standards Evolution
- Understand the purpose of quantitative risk analysis using Open FAIR
- Define risk in FAIR terms: probable frequency and magnitude of future loss
- Identify the three required components of a loss scenario
- Recognize the standards that comprise the Open FAIR Body of Knowledge
Risk Management Context
FAIR in Enterprise Risk ManagementQualitative vs Quantitative Risk Analysis
- Explain how FAIR provides an organizational view of risk
- Describe the role of FAIR in supporting decision-makers
- Compare qualitative and quantitative risk analysis approaches
- Understand how to defend FAIR analysis results
2
Risk Taxonomy (O-RT 3.0.1)
20%
FAIR Risk Taxonomy Structure
Two-Branch TaxonomyTaxonomy Navigation and Application
- Describe the complete Open FAIR risk taxonomy structure
- Explain how factors are related within the taxonomy
- Navigate the taxonomy to identify relevant factors for a risk scenario
- Understand the mathematical relationship between LEF and LM
Loss Event Frequency Factors
Threat Event Frequency (TEF)Vulnerability (Vuln)Loss Event Frequency (LEF) Calculation
- Define and distinguish between TEF, Vulnerability, and LEF
- Explain the relationship: LEF = TEF × Vulnerability
- Identify components that drive TEF and Vulnerability
- Recognize the most common exam mistake: confusing TEF with LEF
Loss Magnitude Factors
Primary vs Secondary LossSix Forms of LossProbable Loss Magnitude (PLM)
- Distinguish between primary and secondary loss
- Identify and define all six forms of loss
- Categorize loss forms as typically primary or secondary
- Estimate Probable Loss Magnitude using distributions
- Understand how PLM contributes to overall risk calculation
3
Risk Analysis Standard (O-RA 2.0.1)
25%
Risk Analysis Process
Analysis ScopingData Gathering and EstimationAnalysis Execution
- Define a properly scoped risk scenario with all required elements
- Identify appropriate data sources for FAIR factor estimation
- Explain the risk analysis process from scoping through execution
- Understand when and how to decompose factors for detailed analysis
Performing FAIR Analysis
Factor Estimation TechniquesConsistent and Defensible AnalysisQuality Considerations
- Apply appropriate estimation techniques for each FAIR factor
- Produce consistent and defensible risk analyses
- Document assumptions and methodology choices
- Understand quality considerations in quantitative risk analysis
- Explain and defend analysis results to stakeholders
Risk Analysis Outputs and Interpretation
Understanding Analysis ResultsComparative Analysis
- Interpret risk analysis outputs including ALE and loss distributions
- Compare risk scenarios using FAIR methodology
- Calculate and interpret Return on Security Investment
- Present risk analysis results to decision-makers effectively
4
Loss Event Frequency Analysis
15%
Threat Event Frequency Estimation
Contact FrequencyProbability of ActionTEF Calculation and Application
- Estimate Threat Event Frequency from Contact Frequency and Probability of Action
- Identify factors that influence TEF components
- Calculate TEF for single and multiple threat communities
- Understand the difference between TEF (attempts) and LEF (successes)
Vulnerability Assessment
Threat CapabilityControl StrengthVulnerability Estimation
- Assess threat capability and control strength
- Estimate vulnerability as probability of successful attack
- Use vulnerability matrices to derive estimates
- Understand factors that increase or decrease vulnerability
LEF Derivation and Analysis
Calculating LEF from TEF and VulnerabilityLEF Scenarios and Variations
- Calculate Loss Event Frequency from TEF and Vulnerability
- Apply LEF calculation to multiple scenarios
- Compare LEF before and after control implementation
- Understand how LEF contributes to overall risk estimation
5
Loss Magnitude Estimation
15%
Primary Loss Estimation
Direct Losses from Threat ActorPrimary Stakeholder Response CostsPrimary Loss Forms Application
- Identify and estimate direct primary losses from threat actions
- Estimate primary stakeholder response costs
- Apply appropriate loss forms to primary loss scenarios
- Avoid double-counting losses across multiple forms
Secondary Loss Estimation
Secondary Stakeholder ReactionsSecondary Loss Forms ApplicationSecondary Loss Estimation Challenges
- Identify secondary stakeholders and predict their reactions
- Estimate secondary losses using appropriate loss forms
- Distinguish between primary and secondary loss forms correctly
- Account for uncertainty and timing in secondary loss estimation
Probable Loss Magnitude Calculation
Loss Distribution ModelingAggregating Primary and Secondary LossPLM Interpretation and Communication
- Model loss magnitude using appropriate distributions
- Aggregate primary and secondary loss correctly
- Interpret and communicate Probable Loss Magnitude results
- Support decision-making with PLM analysis and uncertainty quantification
6
Risk Analysis Application and Interpretation
10%
Completing the Risk Calculation
Risk AggregationRisk Metrics and Reporting
- Calculate risk using the formula Risk = LEF × PLM
- Understand and interpret Annualized Loss Expectancy
- Use risk metrics including VaR and exceedance curves
- Present risk analysis results effectively to decision-makers
Decision Support and Risk Treatment
Risk-Based Decision MakingControl Evaluation and ROSIOrganizational Risk View
- Support organizational decision-making with FAIR analysis
- Calculate and interpret Return on Security Investment
- Take an organizational view of risk
- Prioritize risks and allocate resources effectively
Defending and Validating Analysis
Analysis Quality AssuranceDefending Results to Stakeholders
- Validate analysis quality through peer review and testing
- Defend analysis results to stakeholders
- Communicate methodology and assumptions transparently
- Build stakeholder confidence in FAIR analysis outputs
How do I earn this certification?
Passing O-FAIR-2F earns the The Open Group Certified: Open FAIR 2 Foundation certification. It sits in the Open FAIR Risk Analysis track.
Current Level Exams
OG0-041 - Open FAIR Foundation (Part 1)
Alternative Paths
- TOGAF 9.2 - TOGAF 9 Combined Part 1 and Part 2Complementary enterprise architecture framework for aligning risk management with business architecture
- IT4IT - IT4IT Foundation IT value chain framework that complements FAIR for IT service risk management
- Certified in Risk and Information Systems Control Broader IT risk and control certification that complements FAIR quantitative methodology
- Certified Information Security Manager Information security management certification that benefits from FAIR risk quantification skills
- Certified Information Systems Security Professional Comprehensive information security certification enhanced by FAIR risk analysis capabilities
- Certified in the Governance of Enterprise IT IT governance certification that leverages FAIR for quantitative risk communication to executives
Practice with Precision
The PlanetCert Simulator mirrors the real exam environment with authentic questions and timed pressure.
How to study for this exam?
Use the official PlanetCert Practice Test alongside the study plan below to prepare efficiently for O-FAIR-2F.
What's changed on this exam?
Current Status
- ACTIVE
- Last content update: 2024-05-22
- Announcement date: 2024-05-22
Updates
- FAIR Risk Quantification Platforms Latest Exam focuses on methodology, not specific platforms. However, familiarity with platform concepts (Monte Carlo simulation, distribution modeling) is beneficial. • Release date: Ongoing
- Open FAIR Body of Knowledge O-RA 2.0.1 + O-RT 3.0.1 Current exam is based on these versions. Candidates must study O-RA 2.0.1 and O-RT 3.0.1 specifically. • Release date: 2024-05-22
Who should take this exam?
This exam is typically taken by Information security professionals and Risk analysts and managers.
- Basic understanding of information security concepts
- Familiarity with risk management terminology
- Interest in quantitative risk analysis