Governance
AI RMF (Artificial Intelligence Risk Management Framework)
Voluntary NIST guidance for identifying and managing AI risks.
Definition
A voluntary framework published by NIST to help organizations identify, measure, manage, and govern risks associated with AI systems across their lifecycle; intended as a living document to be periodically updated and used to inform profiles, playbooks, and implementation practices.
Related Terms
Model Risk Management (MRM)
Lifecycle controls for development, validation and use of models....
AI RMF trustworthiness characteristics
Validity, reliability, safety & security, transparency, and privacy....
AI Risk Register
A living catalogue of identified AI-related risks and mitigations....
Risk Management
Systematic process of managing AI-related risks....
management standards
Testing, certification, safety assurance and lifecycle governance....