Product Risk Classification Policy

From The Foundation for Best Practices in Machine Learning

Product Risk Classification Policy

Control

A Policy and Guide, which standarises the approaches to assessing Product risks, ought to be derived by Data Science Managers and approved by the Managerial Committee.


Aim

To ensure that (a) clear guidelines exist on how to evaluate and determine Product based-risks for subsequent evaluation in Product Risk Portfolios; and (b) Products are assigned risk-appropriate mandatory minimum capacity and oversight.


Additional Information