Risk Categorization/Classification Model
Define the Goal
Define the goal of the model for the risk categorization/classification model.
The goal is to categorize and classify risks associated with the application area using artificial intelligence (AI)/machine learning (ML) to automate the process. The output from a previous risk identification model is the input to this risk categorization.
Evaluation Steps
Follow the risk identification model evaluation steps in a similar manner. See Figure 7.1.
Figure 7.1 Evaluation steps for risk categorization
Evaluate Measure or Key Performance Indicator
Input:
- List measures and key performance ...
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