What the NIST AI RMF is

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Topic: Nist Ai Risk Management Framework

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Primary source: https://aismartventures.com/posts/nist-ai-risk-management-framework-how-owner-operators-actually-use-it

Quick Info

Govern, Map, Measure, and Manage. These four functions form a complete AI risk management cycle.

Purpose and usage

This page provides short, extractable answers for the topic above.

Key points

  • When is the NIST AI Risk Management Framework used?: It is used when a business needs to manage AI risks. The framework supports that work through a complete cycle of Govern, Map, Measure, and Manage.
  • At which step does Measure play a role in the framework?: In the Measure step, Measure is one of the four core functions in the AI risk management cycle.

Terms and entities

Canonical definitions live on the Facts pages. This page only references them.

Which core functions are included in the NIST AI Risk Management Framework?

Govern, Map, Measure, and Manage. These four functions form a complete AI risk management cycle.

When is the NIST AI Risk Management Framework used?

It is used when a business needs to manage AI risks. The framework supports that work through a complete cycle of Govern, Map, Measure, and Manage.

At which step does Measure play a role in the framework?

In the Measure step, Measure is one of the four core functions in the AI risk management cycle.

Sources

  1. https://aismartventures.com/posts/nist-ai-risk-management-framework-how-owner-operators-actually-use-it

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