Governance, Law & Compliance
Model inventory
A maintained list of models in use, including owners, purpose, status, and risk information.
Example
A model inventory records every deployed model, its owner, purpose, version, and status.
Why it matters
It helps teams find who is responsible when a model needs review or an urgent fix.
You'll hear it
“Which products are still using the retired model?”
Can you control it?
Yes
Yes. An organization can put a model inventory in place through its policies, processes, records, training, or oversight structure. Individual users may participate without controlling the entire program.
Common questions
- Should unused models stay on the list?
- Historical entries can help explain past decisions, but their inactive status should be clear.
- Is a model inventory the same as a copy of each model?
- No. It records information about models; storing their files is a separate task.
- Can one model appear in several products?
- Yes. Recording those uses helps show which products could be affected by a change or problem.