risk
Product design and model errors
Defective product design, errors in model or pricing assumptions embedded in products, and failure to investigate customer complaints cause systematic customer harm and mis-selling losses.
Record JSON · Open in map · Data retrieval guide
Catalog revision: 24028ffcfc2b295fa1b08ee6caa84b765f0731b321496bf4f548c49ad2177028. A connection does not establish full coverage.
Attributes
- category
- operational
- domain
- Risk Assessment & Management
- Secure Development (SDLC) & Application Security
- taxonomy
- basel-operational-risk
- inherent_rating
- medium
Details
- risk_id
- ops-product-flaws-design-model-error
- category
- operational
- likelihood
- low
- impact
- medium
- inherent_rating
- medium
- treatment
- mitigate
- taxonomies
- basel-operational-risk
Source
No record-specific source URL is provided.
Connections
- UC-AI-24 — Operate an AI quality management system mitigates Product design and model errors
- strength
- related
- rationale
- Documented design, testing, release, and change procedures reduce model and product errors reaching production.
- UC-SDLC-07 — Approve, test, and accept changes before production release mitigates Product design and model errors
- strength
- related
- rationale
- Acceptance criteria and testing against business/IT specifications catch defective designs before release.
- UC-SDLC-04 — Engineer systems with secure architecture and design mitigates Product design and model errors
- strength
- related
- rationale
- Engineering for accuracy and robustness against errors reduces embedded model/design errors, though not pricing or complaint handling.
- UC-SDLC-03 — Define and approve security requirements for applications mitigates Product design and model errors
- strength
- related
- rationale
- Analyzing, documenting and approving requirements with feasibility assessment reduces building a defective or mis-specified design.