Risk Mitigation in AI Procurement
Throughout the AI procurement lifecycle, procurement professionals are presented with many opportunities to mitigate AI risks.
Risk Management Framework for Procuring AI Solutions
How to manage AI risks using the Procurement Lifecycle as a Governance Control Mechanism
STEP 1 - Establish a risk appetite for EACH procurement​
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STEP 2 - Create risk-aware solicitation requirements
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STEP 3 - Assess the risks presented by each vendor / solution​
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STEP 4 - Establish risk controls to satisfy the risk appetite​
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STEP 5 - Monitor and manage the risk controls and conditions ​
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