What does FRITS stand for?

Factor Reality Into the Situation (RPI, Not the Rensselaer Handbook)

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Formal Risk Assessment of Systems Cost Estimates Filchner-Ronne Ice Shelf Programme (now Forum for Research into Ice Shelf Processes; Scientific Committee on Antarctic Research) Forum for Research into Ice Shelf Processes (Scientific Committee on Antarctic Research) First Responders Integrated Support System Federal Realty Investment Trust (Rockville, MD) Federal Reserve Information Technology Financial Restructuring Implementation Team Flat Rate Interstate Toll Functional Review Implementation Team Free Right Internal Thoracic Artery		Front Range IBM (International Business Machines Corp.) Users Group (Colorado and Wyoming) Facility Reject Message Falkenburg Road Jail (Tampa, FL) Fantasy Realms Journal (Amateur Press Association) Fitted Rowing Jacket Fondation Ressources Jeunesse (French: Youth Resources Foundation; Quebec, Canada) Formula Rotax Junior (racing) Flat Rock Junior High (Hendersonville, NC) Field Readiness Kit Flatcoated Retriever Klubben (Swedish: Flat-Coated Retriever Club; Sweden; est. 1977)