Risk Management Framework

A Risk Management Framework is a structured approach that organizations use to identify, assess, and manage potential risks that could impact their operations, assets, or goals. It involves setting clear objectives, evaluating what could go wrong, analyzing the likelihood and impact of these risks, and then determining how to mitigate or respond to them. This framework helps prevent unexpected problems, ensuring that organizations can achieve their objectives while minimizing potential losses or disruptions. Essentially, it’s a proactive strategy for protecting both people and resources.