---
term: "AI management system"
category: "Governance and model risk"
url: https://agenticopenfinance.com/glossary/ai-management-system
source: AgenticOpenFinance glossary
---

# AI management system

> An organisation's policies, processes and controls for developing or using AI responsibly, as specified by ISO/IEC 42001.

An AI management system is the set of policies, objectives, processes and controls an organisation uses to develop, provide or use AI systems responsibly. ISO/IEC 42001 specifies requirements for establishing, implementing, maintaining and continually improving such a system, in the same style as other ISO management system standards, and organisations can be certified against it. Certification shows that a governance process exists; it does not by itself show that a particular agent is safe.

Related terms: [AI Risk Management Framework](https://agenticopenfinance.com/glossary/ai-risk-management-framework.md), [Model inventory](https://agenticopenfinance.com/glossary/model-inventory.md), [Third-party risk management](https://agenticopenfinance.com/glossary/third-party-risk-management.md), [Effective challenge](https://agenticopenfinance.com/glossary/effective-challenge.md)