Assess risks
| RAIBR03: How will you assess the risks posed by the potential harmful events? |
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Assess the risk level of potential harms based on their likelihood and severity. Risk rankings assist to prioritize investments in mitigations and to incorporate proper controls in the design phase. Establish your methodology for assigning risk before performing the assessment. If your organization has already developed a methodology, use it so that your organization can make equal risk comparisons across use cases. Register risk for tracking and informed decision-making across AI use cases.