Model Performance Deterioration Thresholds

Model Performance Deterioration Thresholds

Control

Document, assess, and set thresholds for Model performance deterioration in consultation with Stakeholders.

Aim

To (a) ensure clear guidelines and indices of Model failure and performance deterioration; (b) reduce the risk of unacknowledged Model failure and performance deterioration; (c) reduce the likelihood of Model decay, ensure robustness and good performance in terms of selected metrics and scenarios; and (d) highlight associated risks that might occur in the Product Lifecycle.