This deliverable is an outcome of task T3.3, E-RIHS Risk Management, which is one of the tasks of WP3, Preparing Operational Documents of E-RIHS. Both WP3 and T3.3 are led by CSIC. This deliverable contains the updated versions of the E-RIHS ERIC Risk Management Framework and Risk Management Policy, based on the deliverables prepared under E-RIHS PP. In the revision of these documents, the current situation of the establishment of E-RIHS ERIC has been taken into account. Documents submitted for the Step 2 of the establishment of the ERIC, such as the Statutes and the Scientific and Technical Description, as well as other documents prepared (or under preparation) by E-RIHS IP, have been revised to ensure the alignment of the Risk Management Strategy with them. In the preparation of this document, examples from other RIs have also been taken into account, as well as links and connections with other tasks and deliverables of E-RIHS IP. This deliverable sets the operational protocols for Risk Management, establishing the decision-making levels for various aspects, the assignment of responsible individuals for these tasks, and a detailed description of the decision-making process, including aspects of authority, delegation, and the practices for communicating about risk-related decisions. It also designates responsibilities for the ongoing update and maintenance of the Risk Management methodology, as well as for the promotion and dissemination of the ERIC's approach to Risk Management. In the forthcoming months, this task will be complemented with the development of a Risk Management Database, featuring a comprehensive risk inventory and a mitigation plan. It will integrate lessons learned from the COVID-19 crisis and the IPERION CH and IPERION HS projects, among other sources. Recent changes in the international and European socio-political context, such as those caused by the war in Ukraine, will also be taken into account. In collaboration with task T2.3 Setting up the E-RIHS Central Hub, the refined strategy will be trialled in existing National Nodes to facilitate its seamless implementation as E-RIHS ERIC begins its operations.