Oracle Oracle Certifications 1Z0-466 Questions & Answers

• Question 51:

  The client asks that the project be thoroughly documented. How many of the documents available through the Manage Focus Area should be used?

  A. all of them

  B. none of them

  C. only those that are fit for the project

  D. only those that the client selects

  Correct Answer: C

• Question 52:

  What does a schedule variance (SV) of greater than zero mean?

  A. the project is behind schedule

  B. the project is below budget

  C. the project is above budget

  D. the project is ahead of schedule

  E. the project is neither behind nor below schedule

  Correct Answer: D

  A value of less than zero means the project is behind schedule. And a value greater than zero means the project is ahead of schedule. (A value of zero means the project is exactly on schedule but this is very rare).

  Note:Schedule Variance shows if there are any variations in the schedule of the project.

  Schedule Variance is calculated as follows:

  Schedule Variance = Earned Value ?Planned Value

• Question 53:

  Which two items are completed during the Work Management close?

  A. final backup and archiving of the project workplan

  B. back up of the project diary

  C. production of final schedule metric report

  D. payment of all vendor invoices

  E. reconciliation of open accounts payable

  Correct Answer: AC

  Note:Work Management - The objective of the Work Management process is to develop the work plan and to define and document the processes and policies to be used to execute, maintain, control and close-out the Project Workplan.

• Question 54:

  What describes the nature of the activities within the Project Execution and Control phase?

  A. They are dependent upon one another.

  B. They are dependent upon earned value.

  C. They are ongoing.

  D. They are grouped according to priority.

  Correct Answer: A

  The Manage focus area has three phases: Project Start Up Phase Project Execution and Control Phase Project Closure Phase Integration of the Manage focus area phases with the Implement focus area phases is illustrated below:

  

• Question 55:

  What is the definition of Scope Change Management?

  A. Capture, evaluate, and approve change requests to the agreed project baseline

  B. Establish clear boundaries for the work products.

  C. Identify when new team members are needed.

  D. Evaluate vendor bids.

  Correct Answer: A

• Question 56:

  What does OUM Manage recommend for stakeholder involvement?

  A. the project sponsor is the only stakeholder involved in Bid Transition

  B. the steering committee is formed during Project Execution and Control

  C. stakeholders be engaged early in the project

  D. only internal stakeholders should identify risks and issues

  E. work products are reviewed by all stakeholders identified in the contract

  Correct Answer: C

  Note: *Where is Stakeholder Management in OUM? Stakeholder Management typically falls into the purview of the Project Manager, which means much of the associated guidance is found in the OUM Manage Focus Area (a.k.a. Manage). There is also a good deal of content related to the discipline of Stakeholder Management contained in the Implement Focus Area (a.k.a Implement).

  There is no process in Manage named Stakeholder Management, but this "touch point" can be found in a variety of other processes including Bid Transition (BT), Communication Management (CMM) and Organizational Change Management (OCHM).

  ?Stakeholder Management starts in the Bid Transition process with Stakeholder Analysis.

  ?This Stakeholder Analysis is used to build the Project Team Communication Plan in the Communication Management process.

  ?Stakeholder Management should be executed during the Execution and Control phase. For example, as issues are resolved, the project manager should take the action item to follow up with the affected stakeholders to ensure they are aware that the issue has been resolved.

  ?The broader topic of Stakeholder Management is also addressed very thoroughly in the Organizational Change Management process in the Implement Focus Area, which is a touch point to the Organizational Change Management process in Manage.

• Question 57:

  What project documentation is billable?

  A. only what was negotiated by the sales team and the Project Manager

  B. time sheets, status reports, and the approved project plan

  C. only what the Project Manager decides

  D. only what the sales team determines

  Correct Answer: A

• Question 58:

  Earned value is a technique to report project status using which three variables?

  A. EV ?Earned Value

  B. PV ?Planned Value

  C. AC ?Actual Cost

  D. PC ?Planned Cost

  E. EC ?Earned Cost

  Correct Answer: ABC

  EV -earned value, estimated value of work done. PV -planned value, estimated value of planned work AC -actual cost, what you paid

• Question 59:

  Which statements are true about the active plans a project?

  A. There are two iteration plans ?one for the current iteration and a draft for the upcoming iteration.

  B. A subsequent iteration plan is created prior to the iteration beginning.

  C. The iteration plan for each iteration is set and cannot be altered.

  D. The project Management Plan is a document and is not affected by the implementation Plan.

  Correct Answer: AB

  AB (not C):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 60:

  What is not true about planning in OUM?

  A. OUM has been developed with the intent that the approach for a given project be built up from a core set of activities.

  B. Projects should be tailored down from the full OUM work breakdown structures.

  C. OUM takes an iterative and incremental approach to planning a project.

  D. Tasks within OUM are considered place holders for work.

  Correct Answer: D

  Incorrect:

  Not A:OUM is designed to support a broad range of project types. As such, it must be flexible andscalable.

  The appropriate point of balance for a given project will vary based on a number of project risk and scale

  factors. The method has been developed with the intent that the approach for a given project be "built up"

  from a core set of activities to implement an appropriate level of discipline, rather than "tailored down".

  Not B:OUM facilitates improved control of project expenses by using a flexible work breakdown structure

  that allows you to perform only necessary tasks.

  Not C:OUM recognizes the advantages of an iterative and incremental approach to development and

  deployment of information systems. Any of the tasks within OUM may be iterated. Whether or not to

  iterate, as well as the number of iterations, varies. Tasks may be iterated to increase quality of the work

  products to a desired level, to add sufficient level of detail, or to refine and expand the work products on

  the basis of user feedback.