AI Risk Management Framework

The NIST AI Risk Management Framework (AI RMF) is a voluntary framework developed by NIST in collaboration with the private and public sectors. It aims to improve the ability to incorporate trustworthiness considerations into the design, development, use, and evaluation of AI products, services, and systems.

Key Features:

• Voluntary Use: The framework is intended for voluntary adoption by organizations.
• Risk Management: It provides guidance on managing risks to individuals, organizations, and society associated with AI.
• Trustworthiness: It helps improve the trustworthiness of AI systems.
• Consensus-Driven: Developed through an open, transparent, and collaborative process.
• Companion Playbook: A companion NIST AI RMF Playbook provides additional resources and guidance.

Use Cases:

• AI System Design: Incorporating risk management considerations into the design of AI systems.
• AI System Development: Managing risks during the development process.
• AI System Evaluation: Evaluating the trustworthiness and risk profile of AI systems.
• Policy Making: Informing the development of AI-related policies and regulations.