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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

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Quiz: Structured Techniques: Scenario Analysis and Failure Mode Review

AI Risk Assessment: Scoring, Documenting and Treating Risk in a Way That Survives Review
Structured Techniques: Scenario Analysis and Failure Mode Review
Quiz: Structured Techniques: Scenario Analysis and Failure Mode Review

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Question 1 of 5

1. Question

What is the primary purpose of scenario analysis in AI system evaluation?

To identify the most cost-effective AI implementation strategies
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To examine potential outcomes under different conditions through structured narratives
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To ensure compliance with international data protection laws
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To reduce the computational resources required for AI processing
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Question 2 of 5

2. Question

Which of the following is a key step in conducting a failure mode review?

Creating visual diagrams of data flow without considering potential issues
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Examining each component of an AI system for possible failure points
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Focusing only on software bugs and ignoring organisational factors
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Avoiding edge-case scenarios to simplify the review process
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Correct / 1 Points

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Question 3 of 5

3. Question

According to the lesson, what should be included in the narratives developed during scenario analysis?

Only technical behaviours and outcomes without organisational responses
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Specific descriptions of how systems might respond including consequences
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Generalised statements about data quality and user behaviour
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The names of all developers involved in the AI project
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Correct / 1 Points

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Question 4 of 5

4. Question

Why is it recommended to develop at least three distinct scenarios during scenario analysis?

To reduce the time spent on risk assessment activities
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To cover the full spectrum of potential outcomes rather than focus on expected results
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To align with ISO 14971 clause 4.3 requirements
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To ensure that all scenarios have equal probability of occurrence
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Question 5 of 5

5. Question

What is one important aspect of documenting scenario analysis and failure mode reviews?

Using only digital formats to reduce paper usage
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Maintaining records that support consistent application across AI projects
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Including only final outcomes without explaining the process
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Limiting documentation to senior management only
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Correct / 1 Points

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