A Risk Management Framework is a structured approach that organizations use to identify, assess, and manage risks. It provides guidelines and processes to help organizations understand potential threats and vulnerabilities, ensuring they can make informed decisions to minimize negative impacts. These frameworks often include steps like risk identification, analysis, evaluation, and treatment. Commonly used frameworks include ISO 31000 and the NIST Risk Management Framework. Each framework offers a systematic way to integrate risk management into an organization’s overall strategy, promoting a culture of risk awareness and proactive management. This helps organizations achieve their objectives while safeguarding their assets.