Governance
Risk governance framework
Formal definition
In governance, Risk governance framework refers to a framework used for identifying, logging, and resolving operational risks before they become major service failures.
What this actually means for you
For day-to-day delivery, Risk governance framework should be documented clearly and applied consistently; set severity definitions and escalation SLAs so teams respond proportionately and quickly.
Example: During a planned change window, teams apply Risk governance framework as follows: a high-severity incident triggers a same-day response call with owners, mitigations, and review deadlines. They then update planning templates, dashboards, and review criteria for the next cycle.
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