Oracle Oracle Certifications 1Z0-466 Questions & Answers

• Question 71:

  Which two statements are true about the Project Management Plan during the Project Execution and Control Phase?

  A. It should not change after it has been agreed to and signed off by the project sponsor.

  B. As the project evolves and you find areas for improvement, the changes need to be reflected in the Project management Plan.

  C. Any changes to it need to be signed off by the client.

  D. It needs to be updated by the Change Control Board.

  Correct Answer: BD

• Question 72:

  What is true about planning a project in OUM Manage?

  A. All tasks are executed to the same degree during the Project Execution and Control phase.

  B. There is no distinction between executing and controlling the project and executing and controlling an iteration/phase.

  C. The project plan that is established in the Project Startup phase details each task through the end of the project.

  D. Manage tasks are not included in the project work plan.

  Correct Answer: B

  Note: Iterative and Incremental 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

• Question 73:

  Which three variables are used with Earned Value?

  A. EV - Earned Value

  B. PV - Planned Value

  C. AC - Actual Cost

  D. PC - Planned Cost

  E. EC - Earned Cost

  F. AC - Accounting 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 74:

  According to the recommended training for this exam, proper management ensures and .

  A. Value to the client

  B. Value to your company

  C. Value to the industry

  D. Value to the community

  Correct Answer: A

• Question 75:

  Select three benefits of the Oracle Unified Method.

  A. It provides a common language.

  B. Easier integration of acquisitions.

  C. It decreases implementation time.

  D. It reduces duplication and focus methods investment on deeper materials

  E. It decreases implementation costs.

  Correct Answer: CDE

  *More Cost Effective ?OUM facilitates improved control of project expenses by using a flexible work breakdown structure that allows you to perform only necessary tasks.

  Note:The Oracle Unified Method (OUM) is Oracle's standards-based method that enables the entire Enterprise Information Technology (IT) lifecycle. OUM provides an implementation approach that is rapid, broadly adaptive, and business-focused. OUM includes a comprehensive project and program management framework and materials to support Oracle's growing focus on enterprise-level IT strategy, architecture, and governance. Oracle's Global Methods team has packaged OUM to accelerate your IT projects. OUM presents an organized, yet flexible, approach. Its defined, operational framework helps anticipate critical project needs and dependencies. With OUM, you can move efficiently through the IT lifecycle to quickly achieve measurable business results.

• Question 76:

  According to the recommended training for this exam, when does the Project Manager assume responsibility for the project profitability?

  A. When the Project Manager accepts it during the transaction from sales to delivery

  B. Never

  C. At the start of the sales cycle

  D. When the client requests it

  Correct Answer: D

• Question 77:

  Tasks in the Project Execution and Control phase are ongoing. How often are they executed?

  A. In each iteration

  B. In each Phase

  C. Five times per iteration

  D. At the beginning of each week

  E. As needed

  Correct Answer: A

• Question 78:

  Which term means monitoring specific results to determine whether they comply with the relevant standards?

  A. Quality Planning

  B. Quality Control

  C. Process Improvement

  D. Quality Assurance

  Correct Answer: D

• Question 79:

  Which Oracle Unified Method phase includes Bid Transition?

  A. Project Start Up

  B. Project Closure

  C. Project Executing and Control

  D. Financial Management

  Correct Answer: A

• Question 80:

  What is not an approach for risk mitigation?

  A. Reducing the probability of occurrence by choosing an alternate approach

  B. Reducing the impact of the risk by having a plan in place to immediatelyreadto the event.

  C. Accepting some of the risks and adding them to the Issues log since they will probably become an issue anyway.

  D. Accepting some of the risks from the onset and controlling those risks throughout the project lifecycle.

  Correct Answer: C