NIST AI Risk Management Framework
A voluntary, comprehensive framework published by the U.S. National Institute of Standards and Technology that provides structured guidance for identifying, assessing and managing risks throughout the AI system lifecycle.
In plain language
A U.S. government playbook for managing AI risks. It is voluntary rather than mandatory, but it offers practical steps for thinking through potential problems with AI systems and how to prevent them.
Why this matters
The NIST AI RMF is internationally recognised and compatible with many regulatory approaches. Australian organisations can adopt it as a foundation for building a structured AI governance programme without waiting for local regulation. It demonstrates to regulators and stakeholders that your AI risk management is evidence-based.
Relevance
GovernanceProvides an internationally recognised, voluntary framework that Australian organisations can adopt to structure their AI risk management and governance practices.
Related terms
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