AI Risk Management

AI Risk Management is the process of identifying and mitigating potential risks associated with the development, deployment, and use of AI systems. Effective AI Risk Management is a core goal of AI Governance.

While additional considerations are underway to further align with international AI standards

(including ISO/IEC 22989, ISO/IEC 23894, etc.), the United States National Institute for Standards in Technology (NIST) defines AI risk management in the context of the AI Risk Management Framework (RMF) as: coordinated activities to direct and control an organization with regard to risk (Source: ISO 31000:2018).

All Terms

A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z

1

A

2

B

3

C

4

D

5

E

6

F

7

G

8

H

9

I

12

L

13

M

16

P

18

R

19

S

20

T

EU AI Act
EU AI Act

E

AI Governance
AI Governance

A

Accountability
Accountability

A

AI-in-the-loop
AI-in-the-loop

A

AI Alignment
AI Alignment

A

AI Policy
AI Policy

A

AI Risk Management
AI Risk Management

A

Risk Tolerance
Risk Tolerance

R

AI Safety
AI Safety

A

Governance Artifact
Governance Artifact

G

Artificial Intelligence
Artificial Intelligence

A

Artificial General Intelligence
Artificial General Intelligence

A

AI Law
AI Law

A

Assessment
Assessment

A

Autonomous System
Autonomous System

A

Audit
Audit

A

Auditing or Audibility of AI Systems
Auditing or Audibility of AI Systems

A

Credo AI Audit Trail
Credo AI Audit Trail

C

Attestation
Attestation

A

Bias (Social vs. Statistical):
Bias (Social vs. Statistical):

B

Conversational AI
Conversational AI

C

Conformity Assessment
Conformity Assessment

C

Data Quality
Data Quality

D

Evidence
Evidence

E

Explainability
Explainability

E

Fairness
Fairness

F

Foundational Model
Foundational Model

F

General-purpose AI (GPAI)
General-purpose AI (GPAI)

G

Generative AI or genAI
Generative AI or genAI

G

Human-Centered
Human-Centered

H

Human-Centered Design
Human-Centered Design

H

Human-in-the-loop
Human-in-the-loop

H

Human-on-the-loop
Human-on-the-loop

H

Impact Assessment
Impact Assessment

I

Inclusivity
Inclusivity

I

Interpretability
Interpretability

I

Law
Law

L

Machine Learning
Machine Learning

M

Model Card
Model Card

M

Multi-Stakeholder Collaboration
Multi-Stakeholder Collaboration

M

Policy
Policy

P

Credo AI Policy Center
Credo AI Policy Center

C

Credo AI Policy Pack
Credo AI Policy Pack

C

Privacy
Privacy

P

Programmatic RAI Assessments
Programmatic RAI Assessments

P

Regulation
Regulation

R

Responsible AI License
Responsible AI License

R

AI Risk
AI Risk

A

Robustness
Robustness

R

Rulemaking Process
Rulemaking Process

R

Safety
Safety

S

Social-technical Systems
Social-technical Systems

S

Standard
Standard

S

Technical Evidence
Technical Evidence

T

Transparency
Transparency

T

Transparency Report
Transparency Report

T

Trust
Trust

T

AI Use Case
AI Use Case

A

Project Failure Rate
Project Failure Rate

P

Project Rejection Stage
Project Rejection Stage

P

Sunk Project Cost
Sunk Project Cost

S

Brand Risk
Brand Risk

B

Compliance Risk
Compliance Risk

C

Trust Risk
Trust Risk

T

AI GRC Project Rejection Rate
AI GRC Project Rejection Rate

A

Transformative AI (TAI)
Transformative AI (TAI)

T