Download Oracle Virtual Manager 3.1.1 and mount the iso on your manager server.
Run the runUpgrader.sh
It will ask for the “ovs” password. This was my weblogic admin password.
After upgrading your Admin Server, you should be able to put one of your Servers into Maintenance mode. This will migrate all of your VMs to the other node.
Load the OVM Server 3.1.1 CD ISO into your first OVM Server and boot.
My install needed an NFS or HTTP mount point to pull up the install screens. I used my local NAS server with HTTP.
3 minutes later the server was upgraded from 3.0.3 to 3.1.1. Reboot and that server is done.
Follow the same steps for your other OVM Servers and all should be good!