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The document outlines the AI Risk Assessment Process, emphasizing the importance of documenting and communicating risk treatment strategies aligned with ISO-IEC-42001-2023. It details various risk treatment options such as avoidance, reduction, transfer, and acceptance, and highlights the need for evaluating these options based on cost and effectiveness. Continuous monitoring and adaptation of risk treatments are essential due to the dynamic nature of AI.

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Lakmal Danushka
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6 views1 page

Answers Exersize 6

The document outlines the AI Risk Assessment Process, emphasizing the importance of documenting and communicating risk treatment strategies aligned with ISO-IEC-42001-2023. It details various risk treatment options such as avoidance, reduction, transfer, and acceptance, and highlights the need for evaluating these options based on cost and effectiveness. Continuous monitoring and adaptation of risk treatments are essential due to the dynamic nature of AI.

Uploaded by

Lakmal Danushka
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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AI Risk Assessment Process

1. How an organization implement the risk treatment process aligned with ISO-IEC-42001-
2023?

 Risk treatment strategies and the controls should be documented, approved and
communicated.
 Risk treatments should be documented and available for interested parties as
appropriate.
 Prioritize risks and risk criteria defined clearly for risk treatments

2. Risk Treatment

 Risks could be Avoid, Reduction, Transfer, Acceptance


 Evaluate each treatment option based on its cost and determine the chosen
treatments feasible in terms of resources, technology, and organizational capabilities.
 Consider the effectiveness of the chosen option in mitigating the risk.

4. Implementation and Monitoring:

 Verify the risk treatment options are in practice.


 Due to the nature of AI, risk treatment requires continuous monitoring and
adaptation.

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