Configuring Model Risk Management

---
title: Configuring Model Risk Management
description: Plan and configure the implementation of the Model Risk Management application. You can follow the steps listed in this topic.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/governance-risk-compliance/configuring-mrm.html
release: australia
topic_type: concept
last_updated: "2026-09-10"
reading_time_minutes: 1
keywords: [configure]
breadcrumb: [Model Risk Management, Governance, Risk, and Compliance]
---

# Configuring Model Risk Management

Plan and configure the implementation of the Model Risk Management application. You can follow the steps listed in this topic.

## Configuration overview

1.  [Install Model Risk Management](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/install-mrm.md)

    Install the Model Risk Management application \(sn\_model\_risk\_mgmt\) with the admin role. The application installs related ServiceNow® Store applications and plugins if they aren’t already installed.

2.  [Configure scoring logic for model risk assessments](https://support.servicenow.com/kb?id=kb_article_view&sysparm_article=KB2287605)

    Configure the scoring logic for Smart Assessment templates that you use to assess the model risks.