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Safety, Ethics & Governance · beginner · concept 270 of 311 · Updated Nov 4, 2026

AI Risk Management

AI risk management is the routine of finding what could go wrong with an AI system, judging how likely and how serious it is, and reducing it. Frameworks such as the NIST AI RMF and catalogs such as the MIT AI Risk Repository give teams a shared starting list. It treats AI like other business risk: named owners, recorded decisions and regular review.

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Key terms

NIST AI RMFRisk registerLikelihood and impactMitigationResidual risk

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Where you meet it in the real world

Enterprise AI approval processes, vendor assessments, board reporting