AI Risk Management Framework

The AI Risk Management Framework (RMF) Playbook offers a comprehensive guide for organizations to govern, map, measure, and manage risks associated with artificial intelligence systems. It emphasizes establishing clear policies and processes, understanding legal and regulatory requirements, and documenting potential impacts. The playbook focuses on transparency, accountability, and continuous monitoring throughout the AI lifecycle. Key areas include risk tolerance determination, stakeholder engagement, addressing biases, and ensuring data privacy and security. It promotes interdisciplinary collaboration, diverse teams, and integration of ethical considerations. It also addresses AI system decommissioning and managing third-party AI risks.