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Place the overall risk into one of the three risk classes: high, medium, low. For criminal justice risk assessments, validation tests whether a tool's estimated risk for an individual corresponds to actual behavior.A comprehensive evaluation of risks and associated impacts. Validation studies answer the simple question: Is the assessment predicting risk accurately? A process that will ensure installed equipment or systems perform in conformity with their intended design. Validation Risk Assessment must ensure that validation scope is adequate for equipment sophistication. Risk analysis in validation projects: steps to follow, tools and applications of risk analysis based on ICH Q9 guidelines. The purpose of this document is to provide comprehensive guidance for banks on effective model risk management. Undergoing a risk assessment. Undergoing a risk assessment.