Risk identification frameworks are structured tools and methodologies designed to help organizations systematically identify, assess, and prioritize risks that could affect their operations or objectives. These frameworks typically involve gathering input from various stakeholders, analyzing potential threats, and evaluating the likelihood and impact of each risk. By using techniques such as risk mapping, SWOT analysis, or risk matrices, businesses can gain a comprehensive understanding of both internal and external risks. Once identified, risks are categorized and prioritized based on their severity, enabling organizations to focus resources on managing the most critical threats. A well-established risk identification framework helps businesses proactively address vulnerabilities, ensuring better risk mitigation and informed decision-making.