---
sourceDocument: Australia Governance, Risk, and Compliance
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/governance-risk-compliance

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    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Governance, Risk, and Compliance

ft:clusterId :

    - grc

bundleId :

    - grc

workflow :

    - Technology


---

# Initiate risk assessment

# Initiate risk assessment on AI asset {#ariaid-title1}

* Release version: Australia
* 
* Updated March 12, 2026
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

Initiate risk assessment to enable the risk assessor to perform risk assessments on AI systems, evaluating the likelihood and impact of potential risks.

## Before you begin

Role required: AI Asset Owner or AI Risk and Compliance Analyst \[sn_grc_ai_gov.ai_risk_and_compliance_analyst\]

## Procedure

1. Navigate to AllAI Risk and ComplianceAI Risk and Compliance Workspace.
2. Select the list icon![]() .
3. From the List, open the AI asset for which you want to initiate risk assessments.
4. Navigate to AssessmentsRisk assessments.
5. Select Assess risk.
6. On the Specify assessor and approver dialog box, fill in the fields.  
   {#initiate-risk-assessment-on-ai-systems__table_l35_zwl_kkb__entry__2}

   | Field | Description |
   |-|-|
   | Related entity | Entity that needs to be assessed. This field is automatically set to the AI system's related entity. |
   | Risk assessment methodology | Risk assessment methodology (RAM) that you use to assess risks. |
   | Risk assessor | Person who is responsible for assessing the risk. |
   | Approver | Person who is responsible for approving the assessment. |
   [Table 1. Specify assessor and approver form]

   {#initiate-risk-assessment-on-ai-systems__table_l35_zwl_kkb}
7. Select Send assessment.

## What to do next

[Perform risk assessments on AI systems](https://servicenow-prod.fluidtopics.net/K0tsT4exWDorFxIz_fiXaQ "Perform risk assessments on AI systems to evaluate the likelihood and impact of potential risks using the AI Risk and Compliance application.")

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