Pass with PMI-CPMAI Practice Materials 100% for sure

An insurance company is in the Business Understanding phase of an AI project to develop a chatbot that provides personalized assistance to customers.
The chatbot will include tailored policy recommendations and claim support based on individual customer data.
The project manager needs to choose an appropriate technical performance benchmark for the project.
What should the project manager select?

• A. The chatbot ' s rate of successful self-service resolution without needing agent escalation.
• B. The chatbot ' s ability to access the customer policy information needed for personalized suggestions.
• C. The chatbot ' s 1% increase in customer acquisition for new products after one year of use.
• D. The chatbot ' s ability to suggest policies with a personalized relevance score above a chosen threshold.

A project manager is reviewing the performance of an AI model used for predictive analytics in sales. The model ' s accuracy is within acceptable limits; however, its precision is low.
What is the cause for the precision issue?

• A. The model is overfitting the training data
• B. The training data is unbalanced
• C. The feature selection process is flawed
• D. The model is underfitting the validation data

A team is running a forecasting project and wants to use previous user data to better predict future outcomes.
However, the team does not have access to all the data they need.
Which action should the project manager take?

• A. Move forward in order to remain on schedule with the project
• B. Move forward cautiously with the understanding that there may be a need for a pause mid-project
• C. Move forward while anticipating data access is given when needed. An iterative approach provides the ability to return to steps as needed later on
• D. Do not move forward until access is given to all the necessary data

A project manager is tasked with ensuring that an AI project complies with data regulations before data collection begins. This involves identifying all necessary requirements for trustworthy AI, including ethical considerations, privacy, and transparency.
What should the project manager do first?

• A. Perform a comprehensive assessment of data regulations and compliance requirements.
• B. Develop a high-level strategy for data collection and aggregation.
• C. Schedule a meeting with stakeholders to discuss potential data collection compliance issues.
• D. Draft a detailed data governance framework to be reviewed later.

During the transition to an AI solution, the project manager discovers that certain tasks may not require cognitive AI capabilities and can be handled through traditional automation methods. As a result, the project team starts segregating tasks based on their cognitive requirements.
What should the team consider?

• A. Assessing traditional task complexity
• B. Proceeding with intelligent functionalities
• C. Applying AI capabilities for noncognitive tasks
• D. Utilizing traditional automation solutions