A risk assessment framework is a structured approach used to identify, evaluate, and prioritize risks within an organization or project. It helps decision-makers understand potential threats and vulnerabilities, allowing them to implement appropriate measures to mitigate those risks. Common frameworks include ISO 31000 and NIST SP 800-30, which provide guidelines for effective risk management. These frameworks typically involve several key steps: identifying risks, analyzing their potential impact, evaluating existing controls, and determining the best strategies for risk treatment. By following a risk assessment framework, organizations can enhance their resilience and ensure better preparedness for unforeseen events.