What is Predictive Analytics? ...especially in Project Management

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Computers
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9th - 10th Grade
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of predictive analytics?
To gather data in real-time
To ensure certainty in decision-making
To predict future outcomes
To describe past events
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a methodology used in predictive analytics?
Regression analysis
Decision trees
Descriptive statistics
Neural networks
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does machine learning contribute to predictive analytics?
By replacing traditional modeling
By providing real-time data analysis
By enhancing prediction accuracy
By eliminating the need for data
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In project management, predictive analytics is primarily used for:
Budget estimation
Project planning
Team management
Client communication
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key benefit of using predictive analytics in project scheduling?
It reduces project costs
It guarantees project success
It provides real-time updates
It eliminates all risks
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which company uses a five-stage risk management process involving predictive analytics?
PwC
Accenture
Deloitte
McKinsey
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the final step in Deloitte's risk management process using predictive analytics?
Reporting findings and recommendations
Conducting interviews
Document review
Risk review
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