Term Kind Topic What it is
Model Inventory AI Register, Model Registry, Deployed Model Catalogue practice Model Risk Management A complete record of every model deployed in the organisation with its owner, purpose, risk tier and review date - the precondition for any AI governance, and the thing most organisations do not have.
Model Inventory Model Register, AI System Register practice Model Risk Management A maintained register of every model making or informing decisions - the prerequisite without which no other model governance control can be applied.
Model Risk Management MRM, SR 11-7 practice Model Risk Management The discipline of governing the risk that a model is wrong, is used incorrectly, or is applied outside the conditions it was built for.