CPMAI_V7 practice question 35 of 35

You are being tasked to manage an AI project at your company and you need to identify which project to start with. What's the best way to approach this?

Answer options

A: Go through all possible scenarios to come up with the perfect first project.

B: Ask key stakeholders from your group and find a small problem that would have a big return on investment and start there. Correct answer

C: Find a project that requires 100% accuracy in the results and start with that one.

D: Ask key stakeholders from all groups for input about their pain points.

Correct Answer:

B. Ask key stakeholders from your group and find a small problem that would have a big return on investment and start there.

Explanation

CPMAI Phase 1 directs teams to begin with a narrowly scoped, high-value use case. Consulting the immediate business stakeholders reveals pain points whose resolution can yield rapid, measurable ROI while limiting risk. Demonstrating success on such a “small win” builds confidence and funding for subsequent AI projects.

Why Incorrect

A. Exhaustively evaluating every scenario delays value delivery and violates CPMAI’s iterative ethos.
C. First projects demanding perfect accuracy are high-risk; CPMAI discourages them as initial efforts.
D. Involving all groups too early broadens scope and stalls decision-making for a quick, focused start.

References

1. Cognilytica, CPMAI Methodology v7 Guide, 2023, Phase 1 “Identify the Business Need,” pp. 17-19.

2. MIT Sloan Mgmt. Rev., “Starting Small with AI Projects,” 2020, para. 4-5.

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