Facilitated Risk Analysis Process (FRAP): A methodology for performing risk analysis and assessment within an organization. It is a qualitative risk management approach that involves identifying threats and vulnerabilities and then discussing potential impacts and countermeasures with the aim of prioritizing risks. FRAP is designed to be less time-consuming than quantitative risk analysis by focusing on the most critical assets and their most likely threats, facilitating the involvement of multiple stakeholders to reach a consensus on risk priorities and mitigation strategies. It provides a streamlined process that organizations can use to quickly identify and address their most significant risks.
Categories: CC D1: Security Principles | CCSP D6: Legal - Risk and Compliance | CISM D2: Information security risk management | CISSP D1: Security and Risk Management | Security+ D5: Security Program Management and Oversight | SSCP D3: Risk Identification Monitoring and Analysis
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