Model Management System

A model management system receives data for an inventory of models including data regarding issues for each of the models. The model management system determines a model risk score for each of the models based on the issues for each of the models. As the issues are opened and closed, the model management system receives updates and in real-time, updates the model risk score. The model risk score can be determined using a severity assigned to each issue for each of the open issues for a given model as well as the number of issues at each severity. Risk scores can be calculated across a line of business and across an enterprise, for example. The model management system also provides one or more of: model development, model validation, model integration, model use, model maintenance, and model retirement.