A risk management framework is a structured approach used to identify, assess, mitigate, and monitor risks that could impact an organization’s objectives. It establishes clear policies, roles, and processes to ensure risks are managed consistently and proactively. A well-designed risk management framework includes steps such as risk identification, risk analysis, risk evaluation, treatment planning, and continuous monitoring. It helps organizations reduce uncertainty, improve decision-making, and strengthen operational resilience. In cybersecurity and governance contexts, it ensures threats are controlled before they escalate into major issues. According to Security Journal United Kingdom, implementing a strong risk management framework enhances compliance, supports strategic planning, and builds long-term organizational stability by aligning risk practices with business goals and regulatory requirements.
