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1Z0-466 - Project Lifecycle Management Essentials - Dump Information

Vendor : Oracle
Exam Code : 1Z0-466
Exam Name : Project Lifecycle Management Essentials
Questions and Answers : 98 Q & A
Updated On : Click to Check Update
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1Z0-466 Questions and Answers

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

  1. Project scope

  2. Project budget

  3. Project component value ratio

  4. Project cost center

  5. Project schedule

Answer: A, B, E



Project scope is the part of project planning that involves determining and documenting a list of specific project goals, deliverables, tasks, costs and deadlines.


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

  1. Staff retention plan

  2. Team orientation and kickoff

  3. Project sponsor orientation and kickoff

  4. Go-live cutover

  5. Contract sign-off

Answer: D



The purpose of the Project Execution and Control Phase is to provide adequate visibility into actual progress so that management can take effective actions when the project’s performance deviates significantly from the project plans. The Project Execution and Control Phase includes tracking and reviewing the projects accomplishments and results against documented WBS, project estimates, time schedule, resources plan, and cost budget, and adjusting these plans based on the actual accomplishment and results.


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

  1. During the Risk Management process

  2. At the start of the sales cycle

  3. At the transaction from sales to delivery

  4. During the Project Closure phase

Answer: C


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

  1. Project management Plan

  2. Project Resource Plan

  3. Project Estimate

  4. Project Budget

  5. Project Bid

Answer: A


Select three objectives of the OUM Envision phase.

  1. Staff the project.

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

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

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

  5. Configure an application.

  6. 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.

Answer: B, D, F



The Envision focus area is organized into six processes:

The Envision focus area extends OUM’s capabilities beyond implementation and management of IT projects into the realm of vision and strategy. It is not likely that all of Envision’s processes and tasks will be executed within any single enterprise, nor is it likely that Envision will ever contain an exhaustive set of enterprise level processes. Rather, Envision should serve as a framework that can be scaled to suit the needs of a particular enterprise.


What is true about Iteration Plans in OUM Manage?

  1. They cover a single project.

  2. They focus on achieving iteration’s objectives and reducing risks

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

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

Answer: D


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


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


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

  1. the Project Framework

  2. the project deliverables

  3. the resourcing plan

  4. the procurement plan

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.


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.

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

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

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

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

Answer: B, C


In OUM, what is true about planning?

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

  2. The planning starts in the Inception Phase.

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

  4. Planning is done in a top down approach.

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 of the effort, the high-level requirements, and the significant risks must be understood before the project can proceed. The Inception

phase is used to kick off a project; review the strategic direction of the business; 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.


Oracle 1Z0-466 Exam (Project Lifecycle Management Essentials) Detailed Information

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With 20 inaugural members global that have been carefully chosen and qualified, this new application is designed to assist organizations correctly transition to microservices, carrier mesh and different up to date architectures by using leveraging the local abilities of professional value-introduced resellers (VARs) and systems integrators (SIs). world 5000 businesses are racing to radically change themselves into digital enterprises as they shift away from monolithic legacy programs towards decentralized, hybrid and multi-cloud architectures. The Kong GTM companion program helps VARs and SIs live at the forefront of the industry and offer their consumers creative solutions for developing and managing scalable, high-performance microservices-pushed purposes. Kong gives companions with the entire tools, supplies and in-depth training they deserve to quite simply market and implement Kong enterprise in consumer money owed. nexDigital is laser-concentrated on helping agencies throughout EMEA transition to contemporary application architectures, so becoming a Kong GTM accomplice become a very strategic decision for us, spoke of Sbastien Bergougnoux, CEO of Devoteam nexDigital. Kong has a extremely compelling imaginative and prescient for the way forward for API administration, and its potent answer for microservices applications is unmatched in the industry today. Were impressed with the excellent of the working towards and elements as smartly because the direct entry to the Kong crew that weve got throughout the GTM associate application, which has enabled us to without delay birth attractive with valued clientele and closing deals. As leaders in bringing open supply-primarily based technologies to massive organizations in Japan, one in all SIOS main features is designing API ecosystems for corporations in more than a few fields, including cloud features, fintech and manufacturing, to permit them to soundly join provider-driven purposes with partners and purchasers, observed Tsukasa Nihei, well-known supervisor of the knowledgeable service Planning branch at SIOS. Kong has probably the most innovative and well-designed API platform available on the market nowadays and is a core enabling expertise for us. As a Kong companion, we have access to all of the practising and support we deserve to make sure every task is a hit and to support us develop our business. How the software WorksVARs and SIs attracted to becoming a member of the Kong GTM associate software can practice online at https://konghq.com/gtm- companions/. After finishing the qualification phase, the companion candidate is eligible to enter the software as a Silver companion. To ensure ongoing success within the application, partners are required to participate in more than a few earnings/technical working towards actions, together with the Kong partner Kollective, an annual, interactive, arms-on session the place companions: Hear the latest enterprise updates take part in hands-on technical training classes interact with the Kong team in earnings working towards sessions gain knowledge of Kongs earnings strategy in collaborative, ruin-out groups profit talents round Kongs product roadmap and vision provide enter and observations from their territory community with different GTM companions and key Kong personnel As Silver partners gain capabilities in Kong, they can be eligible to turn into a Gold and eventually a Diamond level companion, which provide first-element-of-contact (degree 1) support to shoppers, including leading implementation, configuration, concern-capturing and customization, as well as being licensed Kong solution services providers. Gold and Diamond companions will have tighter alignment with Kong and be eligible to participate in special invite-best programs such because the partner Advisory Council and future certification classes. Navigating the transition from monolith to microservices, centralized to decentralized, is an formidable conducting for any organization, mentioned Randall Jackson, VP of international revenue at Kong. With our new accomplice program, we are creating a global ecosystem of consultants who were cautiously selected and met rigorous requirements to be sure they're in a position to quick song businesses on their contemporary software journey. we're thrilled to be rolling out the program with 20 incredibly certified global companions and seem to be to rounding it out with a number of dozen greater over the next couple of years, with a cap on roughly 50 companions in all. 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