
Foundations of AI Risk Management
What a Risk Management Framework is and why AI systems need one
Introduction to NIST's AI RMF — its purpose, structure, and key principles
NIST's broader efforts toward building safe, secure, and trustworthy AI
Types of risks and harms that arise from AI system deployment
AI RMF Core Concepts
Understanding risk tolerance in the context of AI systems
Key risk management challenges unique to AI — bias, opacity, drift, and scale
How to prioritize AI risks effectively across an organization
How the NIST AI RMF enables effective, structured risk management
GOVERN Function (6 Sub-categories)
What the GOVERN function covers and why it comes first
GOVERN 1 through GOVERN 6 — policies, accountability, culture, and oversight
Case Study: Implementing GOVERN in a real AI-driven recruitment system
How Governance connects to and enables MAP, MEASURE, and MANAGE
MAP Function (5 Sub-categories)
What the MAP function does — categorizing AI risks in context
MAP 1 through MAP 5 — identifying AI system context, impacts, and risk categories
How to map risks to specific AI use cases in your organization
MEASURE Function (4 Sub-categories)
What the MEASURE function covers — quantifying and analyzing AI risks
MEASURE 1 through MEASURE 4 — metrics, evaluation, and AI system testing
How to assess trustworthiness characteristics: fairness, explainability, robustness
MANAGE Function (4 Sub-categories)
What the MANAGE function covers — responding to and treating AI risks
MANAGE 1 through MANAGE 4 — risk response, residual risk, and incident handling
How to build ongoing risk management into your AI development lifecycle
Real-World Application
AI in hiring processes — risks, governance failures, and framework application
Key concepts synthesis — connecting all 4 functions into a complete picture
Best practices for organizations at any stage of AI adoption
Course Structure at a Glance
Section 1 — Risk Management Basics & NIST AI RMF Introduction
Section 2 — Foundational AI Risk Concepts: Tolerance, Prioritization & Challenges
Section 3 — GOVERN Function: All 6 sub-categories + Recruitment Case Study
Section 4 — MAP Function: All 5 sub-categories
Section 5 — MEASURE Function: All 4 sub-categories
Section 6 — MANAGE Function: All 4 sub-categories
Section 7 — Real-World Examples, Knowledge Check Quiz & Conclusion
Why This Matters Right Now
The EU AI Act is now in force wherein organizations need AI governance frameworks immediately
NIST AI RMF is the most widely referenced AI risk standard in the US and globally
Companies deploying AI in hiring, lending, healthcare, and public services face growing regulatory scrutiny
Demand for professionals with AI governance and risk management skills is growing faster than supply
The NIST AI RMF directly informs ISO 42001 the new AI management system standard