AAIR AI Lifecycle Risk Management Practice Question
Which TWO activities are part of the 'Risk Identification' step in the AI lifecycle?
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Documenting the limitations and failure modes of the model.
Bias testing and documentation of limitations are key risk identification activities.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Documenting the limitations and failure modes of the model.
Why this is correct
Identifies where the model is likely to fail.
- ✗
Calculating the total budget for the project.
Why it's wrong here
Financial planning, not risk identification.
- ✗
Updating the company's social media policy.
Why it's wrong here
Administrative, not AI risk identification.
- ✗
Choosing the color scheme for the model's web dashboard.
Why it's wrong here
Irrelevant.
- ✓
Performing bias and fairness testing on training and test sets.
Why this is correct
Identifies bias before it causes harm.
About these practice questions
This AAIR question is part of Courseiva's 199-question bank — original exam-style content with full explanations and wrong-answer analysis, never real exam questions or exam dumps. Learn why practice questions differ from exam dumps →
JA
Written and reviewed by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
Last reviewed August 2026 · checked against the official ISACA exam blueprint
This AAIR practice question is part of Courseiva's free ISACA certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the AAIR exam.