How to Comply with Risk Management — Colorado AI Act

Establish and maintain a risk management system for high-risk AI.

Implementation steps

1. Assign ownership for AI risk (e.g., compliance or product).
2. Integrate AI risk into existing risk frameworks.
3. Define severity levels and response procedures.
4. Conduct periodic risk reviews and update documentation.

Evidence needed

• Risk management policy
• Risk register or equivalent
• Review minutes

Passing criteria

• Ongoing process in place
• Risks identified and addressed