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1. Risk Management

Purpose

Systematic approach for identifying, assessing and mitigating risks throughout the AI lifecycle.

1. Purpose

Systematically identify, assess and mitigate risks throughout the entire AI lifecycle.

2. Risk Management Process

Risk Identification

  • System analysis based on the Objective Definition.
  • Identifying impact on the Hard Boundaries.
  • Analysing possible Performance Degradation in production.

Risk Assessment

  • Classification according to the Risk Pyramid (see Risk Management & Compliance).
  • Estimation of probability and impact.

Mitigation

  • Implementing technical boundaries.
  • Establishing Human Oversight protocols.
  • Deploying the Guardian for independent oversight.

3. Roles in Risk Management

  • AI Product Manager: Ultimately responsible for business risks.
  • Guardian: Independent supervisor of ethics and Hard Boundaries.
  • Risk Officer: Oversight of legal compliance.