Compliance
Risk profile
Categorization of foreseeable harms by likelihood and severity.
Definition
A characterization of the reasonably foreseeable harms associated with an AI system, mapping affected stakeholders and categorizing risks by their likelihood and severity to guide proportionate mitigation and oversight measures.
Related Terms
risk mapping
Systematic identification of scenarios and affected stakeholders....
Risk assessment
Procedure to identify and mitigate social, ethical and legal risks....
Risk assessments
Formal analyses of likelihood and impact of AI uses, incl. privacy and bias....
Risk classification (of AI applications)
Assessment of AI applications by materiality and risk factors....
Risk Management
Systematic process of managing AI-related risks....