A manufacturing company is planning an AI project to optimize supply chain operations. The project has a tight deadline and limited budget. The AI governance committee wants to ensure the project is delivered successfully. Which program management approach is most appropriate?

Use a waterfall methodology with detailed upfront requirements and no changes allowed.

Use an agile methodology with iterative development and regular stakeholder reviews.

Skip formal project management and let the data science team work independently.

Outsource the entire project to a vendor to save time and avoid internal resource constraints.

Which of the following is an example of a regulation that can affect AI governance?

General Data Protection Regulation (GDPR)

International Financial Reporting Standards (IFRS)

Which of the following is a key responsibility of an AI ethics committee within an organization?

Reviewing AI use cases for ethical implications and alignment with organizational values

Deploying AI models to production

A retail company is developing an AI chatbot for customer service. The organization must comply with data protection regulations and wants to establish clear policies for AI use. Which policy component is essential to include?

A procedure for handling customer data that specifies retention limits and access controls.

A statement that AI decisions are final and cannot be appealed by customers.

A policy that allows any employee to access AI system logs without restriction.

A requirement that all AI interactions be recorded and stored indefinitely for audit purposes.

Which of the following best describes the primary purpose of an AI governance framework?

To guarantee that AI systems are always profitable for the organization

To ensure AI systems are developed and used in a way that is aligned with organizational values, legal requirements, and risk tolerance

To replace the need for human oversight in AI decision-making

To maximize the technical performance of AI models regardless of other considerations

ISACAAdvanced in AI Audit

Domain 1Objective 2

AI Governance and Program Management AAIA Practice Questions (Page 7)

Part of the AI Governance and Risk domain, which accounts for 33% of the AAIA exam.

42questions here

9free pages

12concepts

33%of the exam

Questions 31–35

31application · medium
A manufacturing company is planning an AI project to optimize supply chain operations. The project has a tight deadline and limited budget. The AI governance committee wants to ensure the project is delivered successfully. Which program management approach is most appropriate?
Select an answer first
32foundation · easy
Which of the following is an example of a regulation that can affect AI governance?
Select an answer first
33foundation · easy
Which of the following is a key responsibility of an AI ethics committee within an organization?
Select an answer first
34application · medium
A retail company is developing an AI chatbot for customer service. The organization must comply with data protection regulations and wants to establish clear policies for AI use. Which policy component is essential to include?
Select an answer first
35foundation · easy
Which of the following best describes the primary purpose of an AI governance framework?
Select an answer first

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