This Risk Management Framework Template outlines a process for incorporating security, privacy, and cyber supply chain risk management into the system development life cycle. Control selection and specification using a riskbased approach considers effectiveness, efficiency, and constraints imposed by applicable laws, directives, Executive Orders, policies, standards, or regulations. Managing organizational risk is critical to implementing effective information security and privacy programs and the RMF approach can be applied to new and legacy systems and any system or technology. Download this EdrawMax template online to start with the Risk Management Framework Template.