Compliance
Risk Management
Systematic process of managing AI-related risks.
Definition
Frameworks and processes to identify, assess, classify, and mitigate risks arising from AI systems, encompassing risk assessment methodologies, mitigation measures, monitoring, and integration into pilot and deployment phases across priority sectors.
Related Terms
Risk assessment
Procedure to identify and mitigate social, ethical and legal risks....
risk mapping
Systematic identification of scenarios and affected stakeholders....
AI Impact Assessment (AIIA)
A systematic process to identify, evaluate, and mitigate AI system risks and impacts....
Risk profile
Categorization of foreseeable harms by likelihood and severity....
Safe AI
AI designed to prevent unintended harm across its lifecycle....