ISM 3541 Exam 1 FSU questions with answers

ISM 3541 Exam 1 FSU questions with
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answers


Planning for Success Framework - CORRECT ANSWERS ✔✔- Scope
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- Schedule
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- Resources
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Scope - CORRECT ANSWERS ✔✔Features, functionality
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Schedule - CORRECT ANSWERS ✔✔Time and Prioritization
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Resources - CORRECT ANSWERS ✔✔Cost, Budget, and human |\ |\ |\ |\ |\ |\ |\




Intelligence - CORRECT ANSWERS ✔✔The ability to acquire and |\ |\ |\ |\ |\ |\ |\ |\ |\


apply knowledge and skills; a person or being with the ability to
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acquire and apply knowledge; the collection of information of
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military or political value |\ |\ |\




Analytics - CORRECT ANSWERS ✔✔The systematic computational
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analysis of data or statistics; information resulting from the
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systematic analysis of data or statistics |\ |\ |\ |\ |\




o Business Intelligence is on the decline and Business Analytics is
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on the rise
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, Academic View of Defining Analytics - CORRECT ANSWERS ✔✔-
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Increasing knowledge through progressive elaboration
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- Markets for products and services have consumers and
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suppliers
- Data is stored and extended through the MIS and KIS constructs
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- Analytics is a component of knowledge
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Data is stored in a - CORRECT ANSWERS ✔✔Database
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Data is extended to information via - CORRECT ANSWERS
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✔✔Applications, queries and reports |\ |\ |\




Information is extended into knowledge through - CORRECT
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ANSWERS ✔✔Decision Making |\ |\




Knowledge is extended into wisdom through - CORRECT
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ANSWERS ✔✔Smart decision based on high quality data and
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experience


Data Modeling - CORRECT ANSWERS ✔✔Descriptive modeling,
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predictive modeling, prescriptive modeling
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Project Management Body of Knowledge - CORRECT ANSWERS
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✔✔Process for defining the "schedule-scope-resources"
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boundaries that evolve through a concept of progressive
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elaboration over a period of time defined by a hard start date
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and end date
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