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| Section | Objectives |
|---|---|
| Project Foundation Configuration | - Project setup and classification
|
| Project Resource Management | - Resource planning and assignment
|
| Project Billing Configuration | - Billing setup and revenue management
|
| Project Management Cloud Overview | - Key functionalities and navigation
|
| Project Costing Configuration | - Cost management and controls
|
1. While opening an organization tree on the Manage Organization Trees page, you notice that the hierarchy status is displayed as Inactive. Identify the two reasons for the organization tree to be in Inactive status. (Choose two.)
A) You used View Tree Version in the action menu.
B) You opened the hierarchy by clicking the name.
C) You selected the Edit icon for opening the hierarchy.
D) You used Create Tree Version in the action menu.
E) You used Create Tree in the action menu.
2. Your customer has different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates will be populated in such invoices? (Choose two.)
A) Project accounting date is the first day of the first open project accounting period.
B) Accounting date is the first day of the first open accounting period.
C) Project accounting date is the same as the original invoice date.
D) Project accounting date is the last day of the open project accounting period.
E) Accounting date is the same as the original invoice date.
3. Which two statements are true about the cross-charge method,
Borrowed and Lent?
A) This method creates a formal internal invoice.
B) You must set up the contract business unit to use this method.
C) This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations within a legal entity.
D) Costs or revenue are shared based on transfer price rules with this method.
4. Your organization has been using project class categories and codes for reporting purposes and is set up at the project level. You recently defined a new project type, Capital-Contract, and created new class categories named Build, Operate, and Transfer (BOT) and Build, Transfer, and Maintain (BTM), with class codes of Yes/No. But on creation of a project, you are unable to associate these class categories and codes.
Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)
A) Class categories should be assigned to project type.
B) Class categories should be assigned to business unit.
C) Class codes should be assigned to project unit.
D) Class codes should be associated with a related set code.
5. You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Management with tasks and subtasks applicable to each of the phases of the project:
Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want to define deliverables for your project requirements that are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works.
Which two are correct statements in this scenario? (Choose two.)
A) A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
B) A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.
C) The association of a deliverable with a task is dependent on associating a requirement with a task.
D) You associate a deliverable with a task independent of associating a requirement with a task.
Solutions:
| Question # 1 Answer: D,E | Question # 2 Answer: A,E | Question # 3 Answer: C,D | Question # 4 Answer: B,D | Question # 5 Answer: A,D |
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