book

Use Cases

AI Risk Management

Identify the risk. Understand the impact. Prioritise action.

Identify and prioritise risks associated with significant AI systems and use cases.

Identify

AI-related risks and exposures

Assess

Likelihood and organisational impact

Prioritise

Risks requiring greater attention

Treat

Recommended controls and actions

Overview

What is AI Risk Management?

AI can introduce operational, privacy, reputational and decision-making risks that differ significantly between use cases. We assess whether AI-related risks are systematically identified, evaluated, documented, prioritised and managed.

Key Capabilities

Operational risk
Privacy and information risk
Reputational risk
Bias and fairness considerations
AI reliability and accuracy
Risk ownership and treatment

Process

How It Works

Identify significant risks associated with AI systems, use cases, information, decisions and organisational dependencies.
Consider the likelihood, significance and potential organisational impact of identified AI-related risks.
Categorise findings to highlight the risks and issues requiring greater management attention.
Recommend practical controls and actions for addressing identified AI governance and organisational risks.

Impact

Business Value

AI-related risks and exposures
Likelihood and organisational impact
Risks requiring greater attention
Recommended controls and actions

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