Project Lifecycle Management Essentials
Question No: 31
What describes the initial Iteration Plan for the Inception phase?
It is a static plan, which is set during Bid Transition.
It is created in the Project Startup Phase.
It focuses on the milestones for the Elaboration Phase.
It is not needed because Inception is a short phase.
Answer: B Explanation: Note:
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 No: 32
Select the three applicable goals of the OUM Manage Focus Area.
Identify and communicate with project stakeholders.
Effectively transition from the sales (bid) process to Project Start Up
Manage to reduce overall project risk.
Define scope of work.
Decreases implementation time.
Create better project plans.
Explanation: /The Manage focus area is organized into 13 processes: (B)Bid Transition
(D)Scope Management Financial Management Work Management Risk Management
Issue and Problem Management Staff Management (A)Communication Management Quality Management Configuration Management Infrastructure Management Procurement Management
Organizational Change Management
/OUM Manage Focus Area
Question No: 33
Select the typeof use case scenarioindicatedby the redline in the followingpicture.
Explanation: An alternative flow
Definition: A conditional set of steps that are an alternative to one or more steps in another flow (the alternative flow is performed instead of the other step or steps), after which the use case continues to pursue its goal.
Question No: 34
Select three benefits of using OUM manage.
It encourages early stakeholder involvement.
It is less costly.
It emphasizes clearly documenting the scope of the project and the terms and procedures to implement change.
It encourages use of third-party resources.
It supports improved communication.
It provides incentives to finish projects early.
Answer: B,C,E Explanation: Note:
*OUM includes three focus areas: OUM Envision, OUM Implement and OUM Manage and OUM Operate
Question No: 35
According to the recommended training for this exam, why is the transition from the sales team to the delivery team important?
It sets the client expectations of your communication abilities as a company.
It is only important if the client requests it.
It is only important if the sales team requests it.
It sets the documentation standards for the project.
Question No: 36
Which three steps are completed during Financial Close?
Production of final reports
Payment of outstanding invoices
Mass reconciliation of open accounts
Wrap up of items tracked throughout the project
Explanation: 脕: Example: Run Invoice On Hold Report B: Clear outstanding invoices
*helps manage all financial close cycle tasks, including ledger and sub-ledger close, data loading and mapping, financial consolidation, account reconciliation(C), tax/treasury and internal and external reporting processes – any task associated with the extended financial close.
Question No: 37
Which two statements are true about planning in OUM?
A work product is always included for every task in the project workplan.
Unnecessary tasks can be eliminated from the project workplan.
Each task in OUM needs to be included in the project workplan.
Tasks can be combined depending on the scope and risk of the project.
Tasks can be eliminated when there is no staff assigned to them.
Explanation: B(not C): Example:
Our next step is to eliminate activities/tasks that are not needed. Consider the following:
->Don’t eliminate anything in the Core Workflow without carefully consideration.
->Review any available supplemental guidance.
->Consider removing activities/tasks NOT included in the Estimate and/or Proposal.
->Determine if it’s possible to eliminate all if not most of some processes. For example, consider removing the following processes and corresponding activities and/or tasks, if your project does not include ANY requirements for them:
->Organizational Change Management
->Data Acquisition and Conversion
D:Finally, you should consider whether it is advisable or appropriate to combine tasks or to execute your project using OUM’s activities – which are groupings of tasks.
Question No: 38
Select the three statements that are true about the OUM Manage focus area.
It is aligned with the Project management Institute’s Project management Body of Knowledge (PMBOK).
It is Oracle’s standard is on configuration of applications.
Its main focus is on configuration of applications.
It is appropriate for managing all types of Oracle Consulting engagements.
It is used to gather requirements and analyze, design, build, and test custom software.
It provides a framework for development of services that supports enterprise or strategic- level interactions.
Explanation: Project management enables the project manager to manage delivery of an agreed upon level of
solution quality while planning for and controlling the scope, cost, and schedule. The Manage focus area has three phases:
Project Start Up Phase
Project Execution and Control Phase
Project Closure Phase
Question No: 39
What is not true about planning in OUM?
OUM has been developed with the intent that the approach for a given project be built up from a core set of activities.
Projects should be tailored down from the full OUM work breakdown structures.
OUM takes an iterative and incremental approach to planning a project.
Tasks within OUM are considered place holders for work.
Answer: D Explanation:
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.
Question No: 40
Which statements are true about the active plans a project?
There are two iteration plans – one for the current iteration and a draft for the upcoming iteration.
A subsequent iteration plan is created prior to the iteration beginning.
The iteration plan for each iteration is set and cannot be altered.
The project Management Plan is a document and is not affected by the implementation Plan.
Explanation: AB (not C):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.
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