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Q1. 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
Q2. 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
C. At the start of the sales cycle
D. When the client requests it
Q3. 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
Q4. Identify two functions of the Project Management Plan [PMP].
A. defines the overall project management strategies and approaches
B. Is limited to project scope
C. Is the single most important work product produced by the Project Manager
D. Is limited to the project budget
E. Is done in project closure and is done only once
*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.
Q5. Which is true about OUM Manage?
A. It emphasizes clearly documenting the scope of the project and the exact procedures to implement changes to this scope.
B. It is not possible to control the project timeline without a detailed project plan.
C. It is necessary to only document the items in the scope.
D. If the project sponsor requires a functional change, the project team must comply with the request.
Explanation: The Manage focus area is organized into 13 processes: Bid Transition
(A)Scope Management Financial Management Work Management Risk Management Issue and Problem Management Staff Management Communication Management Quality Management Configuration Management Infrastructure Management Procurement Management Organizational Change Management
Collectively, these processes form a comprehensive set of tasks required to manage Oracle-based development and implementation projects. Every project includes most, if not all, of these processes, whether they are the responsibility of a consulting organization, a client organization, or a third party.
Q6. 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
Project scope is the part of project planning that involves determining and documenting a
list of specific project goals, deliverables, tasks, costs and deadlines.
Q7. According to the recommended training for this exam, when does the Project Manager assume responsibility for the commitments made during the sale cycle?
A. During the Risk Management process
B. At the start of the sales cycle
C. At the transaction from sales to delivery
D. During the Project Closure phase
Q8. 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.
Q9. What describes the initial Iteration Plan for the Inception phase?
A. It is a static plan, which is set during Bid Transition.
B. It is created in the Project Startup Phase.
C. It focuses on the milestones for the Elaboration Phase.
D. It is not needed because Inception is a short phase.
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.
Q10. What is the purpose of the Project Execution and Control Phase?
A. To prove the solution described in the scope document meets the project requirements.
B. To provide adequate visibility into actual progress so that management can take effective actions when necessary.
C. To successfully transition from the sales team to the delivery team.
D. To provide an adequate foundation for the Project Management Plan.
Explanation: 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.