Author John Libonatti-Roche Date 10th November 2023 Executive Summary The NIST AI Risk Management Framework (NISTAIRMF 1.0) is a voluntary approach to AI Risk Management that neatly aligns with the Plan-Do-Check-Act model and with standard risk management techniques such as those provided by ISO-31000, ISO-27001 or Prince2. The framework acknowledges the challenging trade-offs between organisational…