A risk management framework is needed to ensure the successful implementation of risk management at FEB UNEJ. The framework helps in managing risk effectively through the application of risk management processes at various levels and in specific contexts of the organization. The purpose of the risk management framework is to ensure that information about risks originating from the risk management process is adequately reported and used as a basis for decision making and fulfillment of the quality assurance process in all parts of both study programs and work units under FEB UNEJ.