risk-assessment

A risk assessment identifies, quantifies, and evaluates risks across categories like regulatory, operational, and financial, using a probability and impact matrix to establish inherent and residual risk levels for systems or projects.

Yes, you can evaluate AI and vendor risks together by applying the assessment across multiple risk categories including AI/ML, data, and vendor scenarios, assigning unique risk IDs to track each distinct threat within a single profile.

Calculate residual risk by assessing the probability and impact of inherent risks, evaluating existing control measures, and then recalculating the remaining risk levels to generate a formal risk treatment decision and plan.

Build a risk register by systematically identifying risks with unique IDs, analyzing them through a risk matrix, assigning formal treatment plans and owners, and capturing review triggers to document both inherent and residual calculations.

Yes, this risk assessment supports regulatory and operational compliance scenarios by systematically identifying threats across these categories, evaluating control effectiveness, and producing a structured treatment plan to ensure project compliance.