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Question 1

Multiple choice

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

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Correct answersA, B, C

Explanation

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

Question 2

Single choice

What work product, created by the Project Manager and the client, details the approach to the project at a high level?

A
ProjectManagement Framework
B
Project Implementation Framework
C
Project Resource Framework
D
Project Work Framework
E
Project Management WBS

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Correct answerE

Explanation

Activities allow the project manager to streamline creation and management of the Work BreakdownStructure (WBS) for an engagement.

Note:
*Project managers use OUM to make sure they and their stakeholders develop a shared understanding of what is needed, choose an appropriate architecture, and transfer the ownership of the end-product to the stakeholders.

Question 3

Multiple choice

Select the three goals that have been set for Oracle Unified Method (OUM).

A
Based on AIM for Business Flows Method
B
Release dependent
C
Tight Integration with Sales Methodology and Enterprise-Level Processes
D
Fusion Technology Foundation
E
Single Method Framework
F
Increase time to implement

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Correct answersB, C, E

Explanation

Note:
*The Oracle Unified Method (OUM), first released by Oracle Corporation in 2006, is a standards-based method with roots in the Unified Process (UP). OUM is business-process and use-case driven and includes support for the Unified Modeling Language (UML), though the use of UML is not required. OUM combines these standards with aspects of Oracle's legacy methods and Oracle implementation best practices.
* Oracle Legacy method retirement dates include:
Oracle AIM for Business Flows, January 2011

Question 4

Multiple choice

Select the two plans that are always active in the project at any given time.

A
Transition Plan
B
Training Plan
C
Implementation Plan
D
Iteration Plan
E
Inception Plan

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Correct answersC, D

Explanation

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

Question 5

Single choice

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

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Correct answerD

Question 6

Multiple choice

Select three objectives of the OUM Envision phase.

A
Staff the project.
B
Provide the vision for one or more projects in order to achieve a focused set of business objectives.
C
Identify areas of project risk and develop mitigation strategies.
D
Establish or bolster broad set of enterprise IT processes that are to be continued.
E
Configure an application.
F
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.

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Correct answersB, D, F

Explanation

Note:
The Envision focus area is organized into six processes: Envision Roadmap Enterprise Business Analysis Organizational Change Management Enterprise Architecture
IT Portfolio Management

Governance
The Envision focus area extends OUM's capabilities beyond implementation and management of ITprojects into the realm of vision and strategy. It is not likely that all of Envision's processes and taskswill be executed within any single enterprise, nor is it likely that Envision will ever contain anexhaustive set of enterprise level processes. Rather, Envision should serve as a framework that can bescaled to suit the needs of a particular enterprise.

Question 7

Multiple choice

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

A
Project scope
B
Project budget
C
Project component value ratio
D
Project cost center
E
Project schedule

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Correct answersA, B, E

Explanation

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

Question 8

Multiple choice

Select three types of Envision engagements.

A
Establish an enterprise IT Governance process.
B
Install and configure an application.
C
Define a SOA enterprise engineering process.
D
Design and build a custom application.
E
Implement an Enterprise Repository.
F
Integrate an off-the-shelf application with another application.

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Correct answersA, C, D

Explanation

The Envision focus area provides a framework for development and maintenance of enterprise level IT strategy, architecture, and governance. The Envision guidance helps project team's transition from enterprise-level planning and strategy activities to the identification and initiation of specific projects.

Question 9

Single choice

According to the recommended training for this exam, an engagement becomes a project when .

A
There is a specific result, a budget, and a targeted end date
B
The client signs the contract
C
The client signs the statement of Work
D
The sales cycle has ended

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Correct answerB

Question 10

Single choice

Which statement is true about the Project Management Plan and the Project Workplan in OUM?

A
They are the same document.
B
A change to one may necessitate a change to the other.
C
The Project Management Plan does not change after Project Startup, while the Project Workplan may change at anytime.
D
The Project Workplan and Project Management plan have no Impact on one another.

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Correct answerB

Explanation

*OUM Manage provides the framework for consistently managing a project regardless of the project approach. The project manager must be familiar with the project approach being used, and must make the necessary adjustments in the Project Management Plan (as well as in the Project Workplan) to incorporate the concepts and activities that support the given approach.The same concepts apply to projects using offshore resources or third parties. *OUM Manage and Other Project Approaches OUM Manage can be used with any project approach. OUM Manage does not required any specific project approach. The project manager should adjust the Project Management Plan and Project Workplan in order to execute the project following the designated project approach.

Question 11

Multiple choice

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

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Correct answersA, B, C

Explanation

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

Question 12

Multiple choice

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.

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Correct answersB, D

Question 13

Single choice

According to the recommended training for this exam, what is the "triple constraint"?

A
time, resources, quality/scope
B
time, quality/scope, performance
C
client availability, budget, modifications
D
products licensed, service requests limits, annual maintenance

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Correct answerA

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 14

Multiple choice

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

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Correct answersA, C

Explanation

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 15

Multiple choice

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.

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Correct answersB, 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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Project Lifecycle Management Essentials

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