Oracle 1Z1-466 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1Z1-466
Exam Name/Title: Project Lifecycle Management Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications

Exam Questions: 98
Updated On: Jul 11, 2026

Question #31

According to the recommended training for this exam, when does the Project Manager assume responsibility for the project profitability?

A. Never

B. When the client requests it

C. At the start of the sales cycle

D. When the Project Manager accepts it during the transaction from sales to delivery

Discussion 0

Correct Answer: B Vote an answer

Question #32

What is the definition of Scope Change Management?

A. Establish clear boundaries for the work products.

B. Identify when new team members are needed.

C. Capture, evaluate, and approve change requests to the agreed project baseline

D. Evaluate vendor bids.

Discussion 0

Correct Answer: C Vote an answer

Question #33

Which three steps are completed during Financial Close?

A. Vendor selection

B. Payment of outstanding invoices

C. Wrap up of items tracked throughout the project

D. Production of final reports

E. Mass reconciliation of open accounts

Discussion 0

Correct Answer: B,D,E Vote an answer

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Question #34

The OUM Manage Focus Area is aligned with what project management organization?

A. Project Managers of the World

B. International Institute of Business Analysis (IIBA)

C. Project Management Institute (PMI)

D. Project Management Organization

E. NationalInstitute of Project Managers

Discussion 0

Correct Answer: C Vote an answer

Question #35

Identify the three functions that OUM Manage performs.

A. Documents standard operating procedures

B. Facilitates, supports, and standardizes the program or project management process.

C. Supports application projects only

D. provides training on project management basics

E. Provides a standard framework and reference guide

F. Supports both projects and programs

Discussion 0

Correct Answer: B,E,F Vote an answer

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Question #36

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

A. Iteration Plan

B. Transition Plan

C. Training Plan

D. Inception Plan

E. Implementation Plan

Discussion 0

Correct Answer: A,E Vote an answer

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Question #37

In which process does the Review and Analyze Bid Materials drive the Validated Scope in the Scope Management process?

A. Financial Management

B. Bid Transition

C. Infrastructure Management

D. Organizational Change Management

Discussion 0

Correct Answer: B Vote an answer

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Question #38

A client asks a Project Manager to change the format of the project plan. It is expected to be a five hour task. The client has requested this task be completed by the end of the work week and non-billable. Identify two valid responses.

A. The client may share existing project plan with his staff for reformatting.

B. All work for the benefit of the client is billable.

C. The Project Manager gladly accepts the task and sets the expectation that the client can determine which tasks are billable.

D. The Project Manager declines because only the existing format is allowed.

Discussion 0

Correct Answer: A,C Vote an answer

Question #39

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

A. Its main focus is on scheduling the project.

B. It is the single most important work product produced by the project manager.

C. It is a conceptual work product comprised of process components detailing the tools and/or approach for each OUM Manage process.

D. It is created in the Manage Project Execution and Control phase.

E. It provides a framework for the Analysis and Design processes.

F. It is created by the project manager and the client.

Discussion 0

Correct Answer: B,E,F Vote an answer

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Question #40

Which is the true about OUM Manage?

A. If the client is not interested in helping to produce the necessary plans, then at a minimum, they are made aware of the plans and must sign-off on them.

B. If the client is involved in the planning process, the project should move ahead without approval.

C. The plans are only produced by the project team.

D. If the client is not interested to produce necessary plans, the project manager must limit the scope of work to only Inception.

E. If the client is not involved in the planning process, the project should move ahead without approval.

Discussion 0

Correct Answer: A Vote an answer

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