1Z0-466 Project Lifecycle Management (PLM) Essentials

Exam Number: 1Z0-466
Exam Title: Project Lifecycle Management (PLM) Essentials
Associated Certification Paths Project Lifecycle Management Certified Implementation Specialist
Duration: 120 minutes
Number of Questions: 70
Passing Score: 70%
View passing score policy
Validated Against:
Format: Multiple Choice

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Project Lifecycle Management Implementation Specialist Guided Learning Path (For Partners Only)

Additional Preparation and Information

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Project Management Basics
Define a project
Transition from sales to delivery
Plan a project and related documentation

Oracle Unified Method
Explain Oracle Unified Method
Explain the Manage Focus Area
Explain the Envision Focus Area
Explain the Implement Focus Area
Employ Use Cases

Applying Method Principles
Apply the guiding method principles
Manage work, risk and scope
Control the project
Manage quality and change
Explain strategies for overcoming organizational change
Plan using iterations
Close the project

Manage Focus Area
Define the goals, benefits and components of the Manage Focus Area
Explain the structure of the Manage Focus Area
Describe the key concepts and principles of the Manage Focus Area
Apply the Manage Focus Area
Plan a project

QUESTION 1
Select the three statements that are true about the Project management Plan.

A. It is created in the Manage Project Execution and Control phase.
B. It is the single most important work product produced by the project manager.
C. Its main focus is on scheduling the project.
D. It is created by the project manager and the client.
E. It is a conceptual work product comprised of process components detailing the tools and/or
approach for each OUM Manage process.
F. It provides a framework for the Analysis and Design processes.

Answer: B,D,F

Explanation: *In OUM Manage, one of the first activities that occur during the Project Startup
phase involves the Project Manager and the client (Project Sponsor) jointly creating the Project
Management Framework. This framework establishes the ground rules for the project and is the
first step in communicating, establishing trust, and setting expectations.
The key focus for the remainder of the Project Startup Phase is to evolve the Project Management
Framework into a detailed Project Management Plan based on the agreed upon foundation.
*The project manager creates the project management plan following input from the project team
and key stakeholders. The plan should be agreed and approved by at least the project team and
its key stakeholders.
Incorrect:
Not A:Project Execution and Control runs concurrently with the Implement focus area phases. 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 2
Select the three constraints that are missing in this Triple Constraint triangle.

A. Usability
B. Scope
C. Cost
D. Complexity
E. Product
F. Schedule

Answer: B,C,F

Explanation: *Scope, Time & Cost together are termed as the Triple Constraints of a Project.
*Risk avoidance involves changing the project plan to eliminate therisk or to protect the project
objectives (time, cost, scope, quality) from itsimpact. The team might achieve this by changing
scope, adding time, oradding resources (thus relaxing the so-called “triple constraint”)
Note:

QUESTION 3
Which two statements are true about the Change Control Board (CCB)?

A. It meets daily during Project Execution and Control.
B. It is an internal project organization that is responsible for reviewing and resolving change
requests.
C. It is a person, group, or business that has a shared interest in a particular set of activities.
D. It escalates changes affecting scope to the steering committee.

Answer: B,D

Explanation: B:CCB is a review committee that discusses and approves requests for changes to
On Demand customer system configurations. The change requests are fulfilled in the following
ways:
A work guideline is generated by engineering for operations to use and implement.
The changes are included in Oracle Certified Configurations.
D:A Steering Committee is a group of high-level stakeholders who are responsible for providing
guidance on overall strategic direction. They do not take the place of a Sponsor, but help to
spread the strategic input and buy-in to a larger portion of the organization. The Steering
Committee is usually made up of organizational peers and is a combination of direct clients and
indirect stakeholders. Some members on the Steering Committee may also sit on the Change
Control Board.

QUESTION 4
Which identifies the quality standards that are relevant to the project and how to satisfy them?

A. Quality Assurance
B. Quality Control
C. Quality Planning
D. Process Improvement

Answer: A,D

Explanation:

QUESTION 5
Select two objectives of the OUM Implement Elaboration phase.

A. Confirm the project scope.
B. Identify and validate the architecturally significant requirements.
C. Identify key configuration decisions.
D. Prepare the system for acceptance test and deployment.
E. Address critical operational issues.
F. Obtain acceptance.

Answer: B,C

Explanation: The goal of the Elaboration phase is to develop the detailed requirements, partition
the solution, create any necessary prototypes, and baseline the architecture of the system. This
effort results in a stable basis for the design and implementation effort in the Construction phase.
The architecture evolves from the most significant requirements(B), those that have the greatest
impact on the architecture of the system, and an assessment of risk. The stability of the
architecture is evaluated through one or more architectural prototypes. During the Elaboration
phase, the project team’s understanding of the client’s business requirements is verified to reduce
development risk.
Note:
OUM includes the following phases.
InceptionElaborationConstructionTransitionProduction
Reference:OracleUnified Method (OUM)Oracle’s Full Lifecycle Method for Deploying Oracle-
Based Business Solutions

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