A Risk Management Framework is a structured approach that organizations use to identify, assess, and manage risks that could impact their objectives. It provides guidelines and processes to help decision-makers understand potential threats and opportunities, ensuring that risks are effectively controlled and monitored. This framework typically includes several key components, such as risk identification, risk assessment, risk response, and risk monitoring. By implementing a Risk Management Framework, organizations can enhance their resilience, improve decision-making, and ensure compliance with relevant regulations and standards, ultimately leading to better overall performance.