1Z0-466 | All About Pinpoint 1Z0-466 examcollection

Q41. Which statement is true about the Custom Development Sub-Flow of the OUM Implement Core Workflow? 

A. It should be included in every OUM project plan. 

B. It should be included in the workplan when there are configuration tasks identified. 

C. It should be included in the workplan when gaps are identified while mapping requirements. 

D. It should only be included on SOA projects. 

Answer: D 

Explanation: 

Note: *The first step is to start from a core set of tasks. We recommend that you consider using the OUM Implement Core Workflow for this purpose along with an OUM view that best matches the needs of your project. Remember, though, that the views tend to be a superset of tasks related to a particular solution, discipline, or technology. Therefore, the core workflow and views should be used together to achieve the right balance for your project. 

Q42. Which three steps are completed during Financial Close? 

A. Production of final reports 

B. Payment of outstanding invoices 

C. Mass reconciliation of open accounts 

D. Wrap up of items tracked throughout the project E. Vendor selection 

Answer: A,B,C 

Explanation: á: Example: Run Invoice On Hold Report 

B: Clear outstanding invoices 

Note: *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. 

Q43. 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 

Answer: A,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 

Q44. According to the recommended training for this exam, why is the transition from the sales team to the delivery team important? 

A. It sets the client expectations of your communication abilities as a company. 

B. It is only important if the client requests it. 

C. It is only important if the sales team requests it. 

D. It sets the documentation standards for the project. 

Answer: A 

Q45. 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. 

Q46. 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 

Answer: A,C 

Explanation: 

Note: 

*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. 

Q47. Select the threeconstraints that are missingin this TripleConstraint 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: 

https://blogs.oracle.com/smarks/resource/triple-constraint.gif 

Q48. What is the most important aspect of closing the project? 

A. Successful go-live. 

B. End-user training is complete. 

C. Project Team finds new assignments. 

D. Formal client acceptance is gained. 

Answer: D 

Explanation: The Project Closure phase occurs after the Production phase. During this phase, the project is “closed” from an administrative and contractual standpoint. This includes making sure that the projectwork products are complete and meet the customer’s expectations; gaining final acceptance(D); andsecuring all documents for reuse, collection and retention. 

Q49. 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 

Answer: A 

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: 

https://blogs.oracle.com/smarks/resource/triple-constraint.gif 

Q50. 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. 

Answer: B,D