The MMOPA Flight Risk Assessment Tool (FRAT) is designed by the Malibu/Mirage Owners and Pilots Association to assist PA46 pilots in evaluating flight risks specific to PA46 aircraft models. Pilots complete a questionnaire regarding their upcoming flight, and the tool generates a score categorized into three ranges: Green for lower risk, Yellow for caution, and Red for a no-go situation.

When implementing a Safety Management System (SMS), the Federal Aviation Administration (FAA) emphasizes the importance of a Flight Risk Assessment Tool (FRAT) to differentiate between low-risk and high-risk flights, establish review processes, and develop risk mitigation strategies. The MMOPA FRAT aims to help pilots make informed decisions about flight safety and is recommended as part of every flight preparation.