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Q » Explain risk management framework.
06 Dec, 2025
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A » A risk management framework is a structured approach to identifying, assessing, and mitigating risks that could adversely affect an organization. It encompasses policies, procedures, and tools to manage risk effectively, ensuring it aligns with the organization's objectives and risk appetite. The framework typically includes risk identification, risk analysis, risk evaluation, risk treatment, and monitoring and review, facilitating informed decision-making and enhancing resilience against potential threats.
06 Dec, 2025
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