Impact assessment
AIGP glossary · Last reviewed: · By Victor Humenhuk (AIGP certified)
Impact assessment - A risk management tool assessing an AI system's benefits, risks and limitations across the life cycle.
In the AIGP body of knowledge, Impact assessment comes up under Module 6: Governing AI Development · BoK III.A; Module 8: AI Governance Vocabulary.
Impact assessment in context
- The [[AI impact assessment (AIIA)]] is the ==severity lens== → it gauges how bad mapped risks are, while a risk assessment flags which systems need extra governance. (AI impact assessments and ISO 42005)
- An ==impact assessment== is a risk management tool assessing an AI system's benefits, risks and limitations across the life cycle. (Impact Assessments in the Design Phase)
Where Impact assessment is covered in the AIGP study notes
Related terms
- Algorithmic Impact Assessment (AIA)
- DPIA
- PIA
- AI governance
- Accountability
- AI assurance
- AI audit
- Oversight
- Transparency
- Explainability
Test yourself on Impact assessment
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