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About Structuring An Efficient Program For Model Governance PDF
1) Model governance aims to minimize risks from relying on models to make decisions by promoting proper model development, use, and validation. 2) When designing a model governance framework, organizations should understand why governance is important to limit improper decisions from model use and ensure models are built correctly and address their intended purposes. 3) Key elements of an effective model governance program include a model policy, model inventory, documentation standards, independent peer review, and risk-based categorization to apply appropriate practices based on a model's risks.
Detailed Information
| Author: | ['Lowe'] |
|---|---|
| Publication Year: | 2019 |
| Pages: | 6 |
| Language: | English |
| Format: | |
| Price: | FREE |
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