A customer assumes factsheets are unnecessary once a model has passed its initial evaluation. What is the flaw in that assumption?
Select an answer to reveal the explanation.
Short Explanation
A model keeps changing after it ships, so you need factsheets to record decisions across its whole lifecycle. They don't stop at the first evaluation.
Full Explanation
The correct answer is that factsheets and evidence records document decisions throughout the model's lifecycle, not just a single point-in-time evaluation. A factsheet accumulates evidence as a model moves through its lifecycle, including retraining, monitoring findings, and later decisions.
The option limiting factsheets to a model's very first deployment is incorrect because ongoing lifecycle events, not just first deployment, generate evidence that belongs in the factsheet.
The option limiting factsheets to the model's original developer is incorrect because factsheets serve auditors, risk reviewers, and future maintainers, not only the original developer.
The option giving factsheets automatic ninety-day invalidity regardless of model changes is incorrect because there is no fixed expiry; factsheets stay relevant as long as the model is in use.
For the exam, treat factsheets as living records spanning the model's whole lifecycle.