The likelihood and severity rating of a risk scenario before any control is counted. The gap between inherent and residual risk is the value claimed for the controls, and must be backed by their evidence 1.
- Developed in
- ch. 13, Inherent risk, residual risk and who accepts it
- Chapters
- ch. 13, Risk Management
- Contrast with
- Residual risk
- Source
- 1 numbered reference, listed below
Where it is used
One chapter of the Body of Knowledge uses the term. Each link opens the first section that does.
- 13 · Risk Management Risk, defined for engineers 3 mentions
Sources
- [1] Artificial Intelligence Risk Management Framework (AI RMF 1.0), NIST AI 100-1 (risk tolerance and residual risk; seven trustworthy characteristics; transparency answers "what happened", explainability "how", interpretability "why"; MAP 1.1 intended purposes; MANAGE 1.1 go/no-go determination; profiles). NIST. 2023-01-26. https://doi.org/10.6028/NIST.AI.100-1 (verified: primary)
Definitions of legal terms paraphrase the cited text, which governs. Dated statements are as of .