Oracle Oracle Applications 1Z0-466 Questions & Answers

• Question 1:

  In OUM, what is true about planning?

  A. The plan for the first iteration of the Elaboration phase is drafted In the Inception Phase.

  B. The planning starts in the Inception Phase.

  C. The evolution plan is created in the Project Startup Phase.

  D. Planning is done in a top down approach.

  Correct Answer: B

  The overriding goal of the Inception phase is to gain concurrence among all stakeholders on the lifecycle objectives for the project. The Inception phase is critical for all projects because the scope ofthe effort, the high-level requirements, and the significant risks must be understood before the projectcan proceed. The Inception phase is used to kick off a project; review the strategic direction of thebusiness; and confirm, document, and prioritize the high-level business requirements for the project. It is also the time to begin assembling and integrating the project team, to scope the entire engagement,and develop the initial project plan.

• Question 2:

  A client asks a Project Manager to change the format of the project plan. It is expected to be a five hour task. The client has requested this task be completed by the end of the work week and non- billable. Identify two valid responses.

  A. All work for the benefit of the client is billable.

  B. The client may share existing project plan with his staff for reformatting.

  C. The Project Manager gladly accepts the task and sets the expectation that the client can determine which tasks are billable.

  D. The Project Manager declines because only the existing format is allowed.

  Correct Answer: BC

• Question 3:

  What is the basis for the Project Management Plan [PMP]?

  A. the Project Framework

  B. the project deliverables

  C. the resourcing plan

  D. the procurement plan

  Correct Answer: A

  The creation of the PMP is started with the Project Management Framework in the task BT.070 ?Create Project Management Framework, which is part of the OUM Manage Focus Area's Project Startup Phase. The project manager creates the Project Management Framework, along with the project sponsor and other stakeholders. At this point in the project, the Project Management Framework represents the PMP at the strategic level. In fact, the Project Management Framework can be thought of as the initial or high-level version of the PMP.

• Question 4:

  What is true about Iteration Plans in OUM Manage?

  A. They cover a single project.

  B. They focus on achievingiteration'sobjectives and reducing risks

  C. They are flexible and can change at any time.

  D. They are used to plan the subsequent phase of the project.

  Correct Answer: D

  During each iteration, the current Iteration Plan is adjusted. Subsequent Iteration Plan is created prior to

  the iteration beginning.

  Note:

  *There are two plans active in the project at any given time ?the implementation plan and the iteration plan.

• Question 5:

  For our purposes, what is the most important work product produced by the project manager as prescribed by OUM Manage?

  A. Project management Plan

  B. Project Resource Plan

  C. Project Estimate

  D. Project Budget

  E. Project Bid

  Correct Answer: A

• Question 6:

  Select three objectives of the OUM Envision phase.

  A. Staff the project.

  B. Provide the vision for one or more projects in order to achieve a focused set of business objectives.

  C. Identify areas of project risk and develop mitigation strategies.

  D. Establish or bolster broad set of enterprise IT processes that are to be continued.

  E. Configure an application.

  F. Define an enterprise "strategy" on such topics as Governance, Business Intelligence, or Business Process Improvements prior to an OUM project that supports implementation specific technology in these areas.

  Correct Answer: BDF

  Note: The Envision focus area is organized into six processes: Envision Roadmap Enterprise Business Analysis Organizational Change Management Enterprise Architecture IT Portfolio Management Governance The Envision focus area extends OUM's capabilities beyond implementation and management of ITprojects into the realm of vision and strategy. It is not likely that all of Envision's processes and taskswill be executed within any single enterprise, nor is it likely that Envision will ever contain anexhaustive set of enterprise level processes. Rather, Envision should serve as a framework that can bescaled to suit the needs of a particular enterprise.

• Question 7:

  According to the recommended training for this exam, when does the Project Manager assume responsibility for the commitments made during the sale cycle?

  A. During the Risk Management process

  B. At the start of the sales cycle

  C. At the transaction from sales to delivery

  D. During the Project Closure phase

  Correct Answer: C

• Question 8:

  What is one of the first outputs of the Project Execution and Control Phase?

  A. Staff retention plan

  B. Team orientation and kickoff

  C. Project sponsor orientation and kickoff

  D. Go-live cutover

  E. Contractsign-off

  Correct Answer: D

  Note: The purposeof the Project Execution and Control Phase is to provide adequate visibility into actual progress so thatmanagement can take effective actions when the project's performance deviates significantly from theproject plans. The Project Execution and Control Phase includes tracking and reviewing the projectsaccomplishments and results against documented WBS, project estimates, time schedule, resourcesplan, and cost budget, and adjusting these plans based on the actual accomplishment and results.

• Question 9:

  Which three items must be updated when scope changes are approved?

  A. Project scope

  B. Project budget

  C. Project component value ratio

  D. Project cost center

  E. Project schedule

  Correct Answer: ABE

  Note:

  Project scope is the part of project planning that involves determining and documenting a list of specific

  project goals, deliverables, tasks, costs and deadlines.

• Question 10:

  What must the project manager determine when scaling the Manage Focus Area to the project?

  A. Which of the 13 OUM Manage processes should be eliminated or expanded

  B. How to reduce the quality of the project deliverables.

  C. Which work products should be expanded, reduced, or consolidated based upon the scope, objectives, approach, and risks of the project.

  D. Which two products should be expanded, reduced, or consolidated based upon the project scope and customer preferences.

  Correct Answer: A

  The Manage focus areais organized into 13 processes.

  Collectively, these processes form a comprehensive set of tasks required to manage Oracle- based development and implementation projects. Every project includes most, if not all, of these processes,whether they are the responsibility of a consulting organization, a client organization, or a third party.

  Bid Transition Scope Management Financial Management Work Management Risk Management Issue and Problem Management Staff Management Communication Management Quality Management Configuration Management Infrastructure Management Procurement Management Organizational Change Management