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 #41

What is not true about planning in OUM?

A. OUM has been developed with the intent that the approach for a given project be built up from a core set of activities.

B. Tasks within OUM are considered place holders for work.

C. Projects should be tailored down from the full OUM work breakdown structures.

D. OUM takes an iterative and incremental approach to planning a project.

Discussion 0

Correct Answer: B Vote an answer

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Question #42

Which two statement are true about the Change Control Board (CCB)?

A. It escalates changes affecting scope to the steering committee.

B. It is a person, group, or business that has a shared interest in a particular setof activities

C. It meets dailyduringProject Execution and Control.

D. It is an internal project organization that is responsible for reviewing and resolving change requests.

Discussion 0

Correct Answer: A,D Vote an answer

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Question #43

Select two objectives of the OUM Manage Project Execution and Control phase.

A. Release staff.

B. Execute against the Project Management Plan.

C. Manage the project resources to deliver on time and in budget.

D. Gain project acceptance.

Discussion 0

Correct Answer: B,C Vote an answer

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Question #44

According to the recommendedtrainingfor this exam, proper management ensures
___________ and ____________.

A. Value to your company

B. Value to the community

C. Value to the client

D. Value to the industry

Discussion 0

Correct Answer: C Vote an answer

Question #45

In OUM, what is true about planning?

A. The evolution plan is created in the Project Startup Phase.

B. Planning is done in a top down approach.

C. The plan for the first iteration of the Elaboration phase is drafted In the Inception Phase.

D. The planning starts in the Inception Phase.

Discussion 0

Correct Answer: D Vote an answer

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Question #46

According to the recommended training for this exam, what is the definition of a project?

A. A sequence of tasks with a specified end date

B. A sequence of tasks with a beginning and an end, bound by time, responses, and desired results

C. A sequence of tasks for there is a Statement work

D. Anything for which there is an executed contact

Discussion 0

Correct Answer: B Vote an answer

Question #47

Tasks in the Project Execution and Control phase are ongoing. How often they are executed?

A. In each iteration

B. As needed

C. Three times

D. Five times

E. At the beginning of each week

Discussion 0

Correct Answer: A Vote an answer

Question #48

Which three statements are true about the various plans used In OUM during Project Execution Control.

A. The Project Management Plan should be updated, as appropriate.

B. Once created, the implementation Plan is never updated.

C. The subsequent Iteration Plan is created prior to the beginning of the next iteration.

D. The current Iteration Plan is adjusted, as appropriate.

E. The subsequent Iteration Plan is created as soon as possible after the Iteration begins.

Discussion 0

Correct Answer: A,C,D Vote an answer

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Question #49

Inthe following diagram, wherewould thearrowfrom the extension usecase, Get AdditionalCollateral,begin and end?

A. Begin at Get Additional Collateral and end at Review Loan for approval

B. Begin at the Loan approver and end at get Additional Collateral

C. Begin at get Additional Collateral and end at CPS actor

D. Begin at Review Loan for Approval and end at get Additional Collateral

Discussion 0

Correct Answer: B Vote an answer

Question #50

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 only be included on SOA projects.

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

Discussion 0

Correct Answer: C Vote an answer

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