Risk Tolerance

While additional considerations are underway to further align with international AI standards (including ISO/IEC 22989, ISO/IEC 23894, etc.), the United States National Institute for Standards in Technology (NIST) defines risk tolerance in the context of the AI Risk Management Framework (RMF) as: the organization’s or stakeholder’s readiness to bear risks in order to achieve its objectives. Risk tolerance can be influenced by legal or regulatory requirements (Adapted from: ISO Guide 73).

All Terms

J

K

N

O

Q

U

V

W

X

Y

Z

1

A

2

B

3

C

4

D

5

E

6

F

7

G

8

H

9

I

12

L

13

M

16

P

18

R

19

S

20

T

E

A

A

A

A

A

AI Risk Management

A

R

A

Governance Artifact

G

Artificial Intelligence

A

Artificial General Intelligence

A

A

A

Autonomous System

A

A

Auditing or Audibility of AI Systems

A

Credo AI Audit Trail

C

A

Bias (Social vs. Statistical):

B

Conversational AI

C

Conformity Assessment

C

D

E

E

F

Foundational Model

F

General-purpose AI (GPAI)

G

Generative AI or genAI

G

H

Human-Centered Design

H

Human-in-the-loop

H

Human-on-the-loop

H

Impact Assessment

I

I

Interpretability

I

L

Machine Learning

M

M

Multi-Stakeholder Collaboration

M

P

Credo AI Policy Center

C

Credo AI Policy Pack

C

P

Programmatic RAI Assessments

P

R

Responsible AI License

R

A

R

Rulemaking Process

R

S

Social-technical Systems

S

S

Technical Evidence

T

T

Transparency Report

T

T

A

Project Failure Rate

P

Project Rejection Stage

P

Sunk Project Cost

S

B

Compliance Risk

C

T

AI GRC Project Rejection Rate

A

Transformative AI (TAI)

T