Impact Assessment
nounverified·updated May 18, 2026
a risk management tool that seeks to ensure an organization has sufficiently considered a system's relative benefits and costs before implementation. In the context of AI, an impact assessment helps to answer a simple question: alongside this system’s intended use, for whom could it fail?
Framework senses
- §1
- a risk management tool that seeks to ensure an organization has sufficiently considered a system's relative benefits and costs before implementation. In the context of AI, an impact assessment helps to answer a simple question: alongside this system’s intended use, for whom could it fail?
- §1
- An evaluation process designed to identify, understand, document and mitigate the potential ethical, legal, economic and societal implications of an AI system in a specific use case.