Yes -- I call it the "Eleanor Burns Method" because that is where I learned it. The part with the fans comes in around 18 minutes here:
https://www.youtube.com/watch?v=Ktzb2wMMwzc
The rick rack seals the edge nicely and is already bias so goes on evenly. Here's some pictures of the fan blocks. It goes on surprisingly fast and easy.
Basically you just applique down the arc and the pie piece to the foundation. I find the advantages of a foundation beat setting in the seam or cutting away the excess.