RAP is a business and project risk management system, designed to allow businesses to track their overall risk exposure as part of their day to day activities. It can track any form of risk and assign responsibility for its ownership and mitigation to appropriate personnel. Third parties involved in business operations can also be included and their risk activities tracked
Using actions, risk mitigation activities can be tracked and reported, giving users, management teams and the company board consolidated reports on the risk process within the company.
A key aspect of the system is that it attempts to rate risks and issues consistently across the entire organisation in terms of how they impact the business as a whole. Risk co-ordinators ensure that risk assessments remain balanced and proportionate.
Based on standard web application architectures and protocols, RAP is rapidly deployed and can be accessed as an Intranet application or extended to external contractors and users through an Extranet or the Internet.