Conduct AI Readiness Assessments CAIPM Practice Questions (Page 7)

Questions 31–35

1. 31foundation · easy

   Which action would likely be prioritized first if it has high impact and high feasibility?

   • ASelecting a complex AI platform that requires extensive customization
   • BDeferring all actions until a new AI team is hired
   • CImplementing a data quality improvement program that is low-cost and quick to deploy
   • DLaunching a multi-year cultural transformation initiative with uncertain outcomes
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2. 32expert · hard

   A retail bank has a mature data governance program and a skilled data science team, but its legacy core banking system cannot support real-time data feeds. The bank is considering a real-time fraud detection AI. The program manager must decide whether to conduct a full readiness assessment or a targeted one. What is the most appropriate decision?

   • AConduct a full readiness assessment across all dimensions because the bank is large and complex.
   • BSkip the assessment entirely because the data science team is skilled and data governance is mature.
   • CConduct a targeted assessment focused on infrastructure and data pipeline capabilities, while leveraging existing knowledge of governance and skills.
   • DDefer the assessment until after the AI system is built, then evaluate infrastructure needs during integration.
   Reveal Solution Discussion Select an answer first
4. 33foundation · easy

   During readiness gap analysis, what does a 'gap' specifically refer to?

   • AThe amount of money spent on AI research and development
   • BThe difference between the organization's current readiness and the required readiness for AI adoption
   • CThe time required to train an AI model
   • DThe number of employees who will be replaced by AI
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5. 34foundation · easy

   What is the primary purpose of an AI readiness assessment in an organization?

   • ATo evaluate the organization's current capabilities and gaps before initiating AI initiatives
   • BTo guarantee that an AI project will be profitable by predicting its return on investment
   • CTo select the specific AI algorithms that will be used in the organization's first AI project
   • DTo replace the organization's existing IT strategy with a new AI-focused strategy
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6. 35application · medium

   A non-profit organization has completed an AI readiness assessment for a donor prediction model. The program manager must document the findings for a board that includes both technical and non-technical members. What is the best way to structure the report?

   • AUse a single technical appendix with all data and no executive summary.
   • BProvide an executive summary with key gaps and recommended actions, followed by detailed appendices for those who want depth.
   • CPresent only the recommended actions without explaining the underlying gaps.
   • DFocus exclusively on the technical infrastructure details since the board is ultimately responsible for funding.
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