Product Contextual Indicators: Model Performance Deterioration

Product Contextual Indicators: Model Performance Deterioration

Control

Document, assess, and set Product and Product Domain specific indicators of Model performance deterioration, inclusive of technical and non-technical indicators.

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.