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AI Risk Assessment: Scoring, Documenting and Treating Risk in a Way That Survives Review

What an AI Risk Assessment Has to Answer

Quiz: What an AI Risk Assessment Has to Answer

Scoping: The System, Its Purpose and the People It Affects

Quiz: Scoping: The System, Its Purpose and the People It Affects

Harm Identification Beyond Accuracy and Security

Quiz: Harm Identification Beyond Accuracy and Security

Fundamental Rights, Safety and Environmental Harm Categories

Quiz: Fundamental Rights, Safety and Environmental Harm Categories

Structured Techniques: Scenario Analysis and Failure Mode Review

Quiz: Structured Techniques: Scenario Analysis and Failure Mode Review

Scoring Likelihood and Severity Without False Precision

Quiz: Scoring Likelihood and Severity Without False Precision

Inherent Risk, Control Effectiveness and Residual Risk

Quiz: Inherent Risk, Control Effectiveness and Residual Risk

Risk Appetite Statements That Produce Real Decisions

Quiz: Risk Appetite Statements That Produce Real Decisions

Choosing Treatments: Avoid, Reduce, Transfer or Accept

Quiz: Choosing Treatments: Avoid, Reduce, Transfer or Accept

1 of 2

Previous Lesson

Quiz: Scoring Likelihood and Severity Without False Precision

AI Risk Assessment: Scoring, Documenting and Treating Risk in a Way That Survives Review
Scoring Likelihood and Severity Without False Precision
Quiz: Scoring Likelihood and Severity Without False Precision

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Question 1 of 5

1. Question

What is one consequence of using excessive decimal places in risk scores?

It makes the scores easier to understand
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It creates a false sense of accuracy
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It improves decision-making clarity
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It aligns with ISO 31000 requirements
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Question 2 of 5

2. Question

According to the lesson, what should risk scores reflect rather than artificial precision?

The number of data points used
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The level of mathematical accuracy
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Genuine uncertainty in risk assessment
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The complexity of the AI system
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Question 3 of 5

3. Question

Why is it recommended to use broad categories in risk scoring?

To make scores easier to calculate
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To ensure similar scores trigger identical responses
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To reduce the number of risk levels
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To meet ISO 31000 clause 4.10 exactly
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Question 4 of 5

4. Question

What should documentation of risk assessments focus on rather than final scores?

The mathematical formula used
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The number of stakeholders involved
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The underlying evidence and reasoning
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The software tools employed
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Question 5 of 5

5. Question

Which of the following best describes the purpose of risk scores according to the lesson?

To demonstrate high levels of mathematical precision
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To support practical decision-making without false accuracy
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To replace human judgment in risk evaluation
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To meet international certification standards
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