Which NIST special publication provides guidance for applying the Risk Management Framework?

NIST SP 800-37 is the correct choice because it specifically outlines the Risk Management Framework (RMF) for federal information systems. This publication provides a systematic process for managing risk and integrates information security into the system development life cycle. It describes how organizations can categorize information systems, select and implement appropriate security controls, assess those controls, and continuously monitor security risks.

The relevance of NIST SP 800-37 in the context of risk management is crucial as it helps organizations ensure that security considerations are integrated into the overall risk management process. This publication is a foundational document that serves as a guide for implementing the RMF effectively, making it essential for managers involved in cyber risk management.

The other options refer to different aspects of security and risk management. For instance, NIST SP 800-39 focuses on the overarching risk management process and the relationship between risk management, security, and organizational decisions, whereas NIST SP 800-57 deals with key management and cryptography. NIST SP 800-61 provides guidance on incident handling and response, which is not the primary focus of the RMF. Each of these publications serves a vital role in cybersecurity; however, when specifically addressing the application of the Risk Management Framework, NIST