'Risk conditions' appears as a reassessment trigger in the governance policy. Which interpretation best fits that term?
Select an answer to reveal the explanation.
Short Explanation
Risk conditions mean the world around the model changed, like new rules or a newly identified failure mode. You don't wait for the code to change before reassessing.
Full Explanation
The best interpretation is a material shift in the model's risk profile, such as a new regulatory requirement or a newly identified failure mode. That kind of change alters what the model's approval was based on, even if the model's code itself did not change. An interpretation limited to changes in the server infrastructure hosting the model is too narrow, because infrastructure changes are an operational concern and do not necessarily create a new risk condition. An interpretation limited to changes in the size of the development team maintaining the model is also incorrect, because team size has no direct bearing on the model's risk profile. An interpretation limited to changes visible in the model's source code repository is wrong as well, because risk conditions can shift externally without any corresponding change appearing in the code repository. For the exam, read 'risk conditions' broadly, including regulatory and external factors, not narrowly as code changes.