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NIST AI RMF · Subcategory 1.4

The business value or context of business use has been clearly defined or – in the case of assessing existing AI systems – re-evaluated.

Summary

The business value or context of business use has been clearly defined or – in the case of assessing existing AI systems – re-evaluated.

context of use

Read the full official text: https://airc.nist.gov/airmf-resources/playbook/

← Subcategory 1.4

Negative residual risks (defined as the sum of all unmitigated risks) to both downstream acquirers of AI systems and end users are documented.

Subcategory 1.5 →

Ongoing monitoring and periodic review of the risk management process and its outcomes are planned, organizational roles and responsibilities are clearly defined, including determining the frequency of periodic review.

Track NIST AI RMF subcategory 1.4 as evidence

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More from NIST AI RMF

Subcategory 1.1

Legal and regulatory requirements involving AI are understood, managed, and documented.

Subcategory 1.1

A determination is made as to whether the AI system achieves its intended purpose and stated objectives and whether its development or deployment should proceed.

Subcategory 1.1

Intended purpose, potentially beneficial uses, context-specific laws, norms and expectations, and prospective settings in which the AI system will be deployed are understood and documented. Considerations include: specific set or types of users along with their expectations; potential positive and negative impacts of system uses to individuals, communities, organizations, society, and the planet; assumptions and related limitations about AI system purposes; uses and risks across the development or product AI lifecycle; TEVV and system metrics.

Subcategory 1.1

Approaches and metrics for measurement of AI risks enumerated during the Map function are selected for implementation starting with the most significant AI risks. The risks or trustworthiness characteristics that will not – or cannot – be measured are properly documented.