An Enterprise Risk Management (ERM) Framework is a structured approach that organizations use to identify, assess, and manage risks that could impact their objectives. It helps businesses understand potential threats and opportunities, ensuring they can make informed decisions. Common frameworks include COSO ERM and ISO 31000, which provide guidelines for integrating risk management into overall business processes. These frameworks emphasize the importance of a risk-aware culture and continuous monitoring. By implementing an ERM framework, organizations can enhance their resilience, improve strategic planning, and foster better communication about risks across all levels of the organization.