ISM 3541 Exam 1 (ch.1-3) questions |\ |\ |\ |\ |\ |\
with answers |\
A data scientist would consider this type of model for an
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
understanding of the past. - CORRECT ANSWERS ✔✔Descriptive |\ |\ |\ |\ |\ |\ |\ |\
analytics
Data scientists interested in one path and one path only may
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
consider using the following type of analytics? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔predictive |\
As a consultant who works to advise clients on "what if"
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
scenarios, the type of analyst best suited for the consultant is: -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔decision |\ |\
Google "Earned Value Management PMBOK" and select the
|\ |\ |\ |\ |\ |\ |\ |\
attribute that answers the question, "How much did the work
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
actually cost?" - CORRECT ANSWERS ✔✔actual cost (AC)
|\ |\ |\ |\ |\ |\ |\
Select all that apply. Which components are used to extend data
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
into information? - CORRECT ANSWERS ✔✔- Applications such as
|\ |\ |\ |\ |\ |\ |\ |\ |\
the Weather Channel application, Dunkin' Doughnuts application,
|\ |\ |\ |\ |\ |\ |\
Bank of America application, etc.
|\ |\ |\ |\
- Reports built with Structured Query Language (SQL)
|\ |\ |\ |\ |\ |\ |\
- Expert Systems that focus on capturing knowledge and
|\ |\ |\ |\ |\ |\ |\ |\ |\
extending wisdom |\
, Descriptive analytics - CORRECT ANSWERS ✔✔leveraging known, |\ |\ |\ |\ |\ |\ |\
historical data to create a story about how an object (e.g. think
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
noun) arrived in its current state
|\ |\ |\ |\ |\
predictive analytics - CORRECT ANSWERS ✔✔creating modules on
|\ |\ |\ |\ |\ |\ |\
objects based on attributes gathered from data sets to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
determine the future behavior of an object and being able to|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
rationalize the prediction based on a formula or algorithm that
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
incorporates risk and probability |\ |\ |\
decision analystics - CORRECT ANSWERS ✔✔is "predictive
|\ |\ |\ |\ |\ |\ |\
analytics" on steroids where multiple paths for future behavior
|\ |\ |\ |\ |\ |\ |\ |\ |\
are guesstimated based on probability, risk, impact, and priority
|\ |\ |\ |\ |\ |\ |\ |\ |\
and is supported by an overall recommendation(s)
|\ |\ |\ |\ |\ |\
schedule performance ratio - CORRECT ANSWERS ✔✔a ratio of
|\ |\ |\ |\ |\ |\ |\ |\ |\
the earned value to the planned value.
|\ |\ |\ |\ |\ |\ |\
If the SPI is less than one, it indicates that the project is
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
potentially behind schedule whereas a Schedule Performance |\ |\ |\ |\ |\ |\ |\
Index of greater than one indicates the project is running ahead
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
of schedule.
|\
cost performance index - CORRECT ANSWERS ✔✔"The CPI is a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
measure of the cost efficiency of budgeted resources, expressed
|\ |\ |\ |\ |\ |\ |\ |\ |\
as a ratio of earned value to actual cost."
|\ |\ |\ |\ |\ |\ |\ |\
measures the value of work completed compared to the actual
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
cost spent on the project.
|\ |\ |\ |\
with answers |\
A data scientist would consider this type of model for an
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
understanding of the past. - CORRECT ANSWERS ✔✔Descriptive |\ |\ |\ |\ |\ |\ |\ |\
analytics
Data scientists interested in one path and one path only may
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
consider using the following type of analytics? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔predictive |\
As a consultant who works to advise clients on "what if"
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
scenarios, the type of analyst best suited for the consultant is: -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔decision |\ |\
Google "Earned Value Management PMBOK" and select the
|\ |\ |\ |\ |\ |\ |\ |\
attribute that answers the question, "How much did the work
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
actually cost?" - CORRECT ANSWERS ✔✔actual cost (AC)
|\ |\ |\ |\ |\ |\ |\
Select all that apply. Which components are used to extend data
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
into information? - CORRECT ANSWERS ✔✔- Applications such as
|\ |\ |\ |\ |\ |\ |\ |\ |\
the Weather Channel application, Dunkin' Doughnuts application,
|\ |\ |\ |\ |\ |\ |\
Bank of America application, etc.
|\ |\ |\ |\
- Reports built with Structured Query Language (SQL)
|\ |\ |\ |\ |\ |\ |\
- Expert Systems that focus on capturing knowledge and
|\ |\ |\ |\ |\ |\ |\ |\ |\
extending wisdom |\
, Descriptive analytics - CORRECT ANSWERS ✔✔leveraging known, |\ |\ |\ |\ |\ |\ |\
historical data to create a story about how an object (e.g. think
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
noun) arrived in its current state
|\ |\ |\ |\ |\
predictive analytics - CORRECT ANSWERS ✔✔creating modules on
|\ |\ |\ |\ |\ |\ |\
objects based on attributes gathered from data sets to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
determine the future behavior of an object and being able to|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
rationalize the prediction based on a formula or algorithm that
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
incorporates risk and probability |\ |\ |\
decision analystics - CORRECT ANSWERS ✔✔is "predictive
|\ |\ |\ |\ |\ |\ |\
analytics" on steroids where multiple paths for future behavior
|\ |\ |\ |\ |\ |\ |\ |\ |\
are guesstimated based on probability, risk, impact, and priority
|\ |\ |\ |\ |\ |\ |\ |\ |\
and is supported by an overall recommendation(s)
|\ |\ |\ |\ |\ |\
schedule performance ratio - CORRECT ANSWERS ✔✔a ratio of
|\ |\ |\ |\ |\ |\ |\ |\ |\
the earned value to the planned value.
|\ |\ |\ |\ |\ |\ |\
If the SPI is less than one, it indicates that the project is
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
potentially behind schedule whereas a Schedule Performance |\ |\ |\ |\ |\ |\ |\
Index of greater than one indicates the project is running ahead
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
of schedule.
|\
cost performance index - CORRECT ANSWERS ✔✔"The CPI is a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
measure of the cost efficiency of budgeted resources, expressed
|\ |\ |\ |\ |\ |\ |\ |\ |\
as a ratio of earned value to actual cost."
|\ |\ |\ |\ |\ |\ |\ |\
measures the value of work completed compared to the actual
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
cost spent on the project.
|\ |\ |\ |\
