Model inventory and activity

Is activity on models, documentation, etc. logged?

• Yes, the ValidMind Platform¹ provides an audit trail functionality, enabling you to track or audit all the events associated with a specific model.
• You can review a full record of comments, workflow status changes, and any other updates made to the model, including modifications to documentation or test results.

¹ Accessing ValidMind

How do I register models with ValidMind?

• Register models within the ValidMind Platform via the model inventory as the first step towards streamlining your model documentation and validation workflow.
• To add a model to the inventory, you fill out a customizable questionnaire capturing the required registration metadata.²

² Register models in the inventory

³ Manage permissions

By default, the Developer role³ has sufficient permissions to register models.

Are model registration questionnaires customizable?

• Yes, along with default fields provided by ValidMind as part of your basic model information, you can add additional model information and make these custom fields required on registration.⁴
• You can modify these custom fields as needed and on an ongoing basis.

⁴ Manage model inventory fields

By default, the Customer Admin role has sufficient permissions to manage model inventory fields.

Can the ValidMind model inventory be customized?

• Yes, information that is displayed on the model inventory is configurable on a per user basis.
• You can also search, filter, and sort models to narrow down results.
  
• Fields that appear on all models for all users can also be customized.

By default, the Customer Admin role has sufficient permissions to manage model inventory fields.

Can I archive or delete models within ValidMind?

• Yes, models can be archived within the ValidMind Platform model inventory to keep your inventory accurate and up to date with your organization’s current resources.⁵
• Once models are archived, they can then be deleted if desired.

⁵ Archive and delete models

By default, the Customer Admin role has sufficient permissions to archive and delete models.

Can I track model interdependencies within the model inventory?

• Yes, the ValidMind Platform allows you to connect two or more models together in your model inventory.⁶
• You can note both upstream and downstream models.

⁶ Configure model interdependencies

By default, the Developer role has sufficient permissions to edit model interdependencies.

How does ValidMind manage updates to models?

1. ValidMind allows model developers to re-run documentation functions with the ValidMind Library⁷ to capture changes in the model, such as changes in the number of features or hyperparameters.
2. After a model developer has made a change in their development environment, such as to a Jupyter Notebook,⁸ they can execute the relevant ValidMind documentation function to update the corresponding documentation section.
3. ValidMind will then automatically recreate the relevant figures and tables and update them in the online documentation.

⁷ Get started with the ValidMind Library

⁸ Code samples

Can I use ValidMind to track milestone dates?

• Yes, the ValidMind Platform includes support for custom inventory fields, including those for dates and date time — allowing you to track important dates throughout the model risk management lifecycle unique to your workflow.
• In addition, calculation type custom inventory fields can draw upon date and date time values, allowing you to automatically calculate next review, revalidation, ongoing monitoring deadlines, or any other desired date.

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