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Risk Assessment Framework

A risk assessment framework is a structured methodology for identifying, analyzing, and evaluating potential risks associated with AI systems, including technical failures, biases, security vulnerabilities, and compliance issues. Organizations use these frameworks to prioritize risks by likelihood and impact, enabling informed decisions about resource allocation and risk mitigation strategies. For enterprise AI governance, a robust risk assessment framework ensures systematic evaluation of AI initiatives before deployment, reduces regulatory exposure, and supports evidence-based documentation requirements demanded by regulators and auditors.

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