ISM 3541 Exam 1 (ch.1-3) questions with answers

ISM 3541 Exam 1 (ch.1-3) questions |\ |\ |\ |\ |\ |\




with answers |\




A data scientist would consider this type of model for an
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understanding of the past. - CORRECT ANSWERS ✔✔Descriptive |\ |\ |\ |\ |\ |\ |\ |\


analytics


Data scientists interested in one path and one path only may
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consider using the following type of analytics? - CORRECT
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ANSWERS ✔✔predictive |\




As a consultant who works to advise clients on "what if"
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scenarios, the type of analyst best suited for the consultant is: -
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CORRECT ANSWERS ✔✔decision |\ |\




Google "Earned Value Management PMBOK" and select the
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attribute that answers the question, "How much did the work
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actually cost?" - CORRECT ANSWERS ✔✔actual cost (AC)
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Select all that apply. Which components are used to extend data
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into information? - CORRECT ANSWERS ✔✔- Applications such as
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the Weather Channel application, Dunkin' Doughnuts application,
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Bank of America application, etc.
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- Reports built with Structured Query Language (SQL)
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- Expert Systems that focus on capturing knowledge and
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extending wisdom |\

, Descriptive analytics - CORRECT ANSWERS ✔✔leveraging known, |\ |\ |\ |\ |\ |\ |\


historical data to create a story about how an object (e.g. think
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noun) arrived in its current state
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predictive analytics - CORRECT ANSWERS ✔✔creating modules on
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objects based on attributes gathered from data sets to
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determine the future behavior of an object and being able to|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


rationalize the prediction based on a formula or algorithm that
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incorporates risk and probability |\ |\ |\




decision analystics - CORRECT ANSWERS ✔✔is "predictive
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analytics" on steroids where multiple paths for future behavior
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are guesstimated based on probability, risk, impact, and priority
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and is supported by an overall recommendation(s)
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schedule performance ratio - CORRECT ANSWERS ✔✔a ratio of
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the earned value to the planned value.
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If the SPI is less than one, it indicates that the project is
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potentially behind schedule whereas a Schedule Performance |\ |\ |\ |\ |\ |\ |\


Index of greater than one indicates the project is running ahead
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of schedule.
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cost performance index - CORRECT ANSWERS ✔✔"The CPI is a
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measure of the cost efficiency of budgeted resources, expressed
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as a ratio of earned value to actual cost."
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measures the value of work completed compared to the actual
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cost spent on the project.
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