From the course: Understanding and Implementing the NIST AI Risk Management Framework (RMF)
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Overview of profiles: Section 6
From the course: Understanding and Implementing the NIST AI Risk Management Framework (RMF)
Overview of profiles: Section 6
- [Host] Have you interacted with the online Risk Management Framework Playbook yet? Once you do, you'll quickly realize how using it and the other elements of the AI RMF will help you make meaningful progress in your AI RMF process. Using the profiles, core functions and playbook allows you to establish specific use case context for managing risk. Section six of the AI RMF addresses three types of profiles, use case profiles, temporal, which includes current and target profiles and cross-sectional profiles, use case profiles or implementations of the AI RMF functions, category, and subcategory for a specific setting or application based on the requirements, risk tolerance and resources of the framework user. For instance, there are framework users in the banking industry. They come with a particular set of risk tolerance imposed upon them by regulators that someone in the entertainment industry doesn't have. Some regulations specify, for instance, how much debt a bank can have…
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