AI Governance Glossary

A reference for risk, compliance, and model teams navigating AI governance and model risk management.

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25 terms in Validation & Testing

A

B

C

Challenger Model

Champion-Challenger Testing

Conceptual Soundness

Cross-Validation

E

Evaluation Harness

G

Groundedness Evaluation

H

Holdout Testing

I

ISO/IEC 25059 (AI Quality Model)

Independent Review

Independent Validation

M

Model Assumptions and Limitations

Model Calibration

Model Verification

O

Offline Test Set

Out-of-Sample Testing

Out-of-Time Testing

Outcomes Analysis

S

Sensitivity Analysis

T

V

Validation Evidence

Validation Report