In March our open access article, “Framework for Managing Artificial Intelligence (AI) Projects: Avoiding Harms, Losses, and Damages,” was published. The Framework aligns strongly with several critical provisions of the European Union Artificial Intelligence Act (EU AI Act), particularly in areas related to high-risk AI systems, ethical safeguards, and governance.

The Framework maps the ISO 21502:2020 project management processes to AI-specific practices, embedding risk evaluation at every stage. It explicitly addresses harms, losses, and damages, mirroring the EU Act’s focus on minimizing systemic and societal risks. The Framework offers practical and actionable mechanisms to address key operational and ethical aspects of the EU AI Act, particularly for small and medium-sized organizations that require structured guidance. It can:

• Serve as a pre-certification readiness tool for high-risk AI systems.
• Help formalize project-level documentation to meet regulatory expectations.
• Guide ethical and legal compliance from conception through deployment and beyond.

We have a checklist based on a structured analysis of the Framework and its potential to address key aspects of the EU AI Act. The Checklist is structured by project phases and highlights responsibilities, documentation, and controls required for compliance with the EU AI Act, particularly for high-risk systems. Contact us for a copy: info[at]maxmetrics.com.