Stage 3: Conduct Risk Assessment (Model Risk)

In accordance with the previous ICH and ASME guidance (ICH Q9(R1), Q10, M15; ASME, 2018), a model risk assessment should be performed by considering both:

  • Model influence on the decision, and

  • Decision consequence if the model were incorrect.

The resulting risk classification should determine the required level of model credibility and the scope of verification and validation activities.