Risk management frameworks are structured approaches that organizations use to identify, assess, and mitigate risks. These frameworks provide guidelines and best practices to help businesses understand potential threats to their operations, finances, and reputation. By implementing a risk management framework, organizations can make informed decisions and prioritize resources effectively to minimize negative impacts. Common risk management frameworks include ISO 31000, COSO ERM, and NIST SP 800-37. Each framework offers a systematic process for evaluating risks, developing strategies to address them, and monitoring the effectiveness of those strategies over time. This structured approach helps organizations enhance resilience and achieve their objectives.