This time we are looking on the crossword clue for: Wrap with ropes, at sea.
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Possible Answers: FRAP.
Random information on the term “FRAP”:
Risk analysis is a technique used to identify and assess factors that may jeopardize the success of a project or achieving a goal.
This technique also helps to define preventive measures to reduce the probability of these factors from occurring and identify countermeasures to successfully deal with these constraints when they develop to avert possible negative effects on the competitiveness of the company.
One of the more popular methods to perform a risk analysis in the computer field is called facilitated risk analysis process (FRAP).
FRAP analyzes one system, application or segment of business processes at a time.
FRAP assumes that additional efforts to develop precisely quantified risks are not cost effective because:
After identifying and categorizing risks, a team identifies the controls that could mitigate the risk. The decision for what controls are needed lies with the business manager. The team’s conclusions as to what risks exists and what controls needed are documented along with a related action plan for control implementation.