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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. You havedefined two expenditure types, but they are not available for selection when youenter an expenditure batch. Identify the reason for this problem. (Choose the best answer.)

A) The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.
B) The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.
C) The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.
D) The two expenditure types are not assigned to the reference data set that is assigned to theproject unitin which the transaction is performed.

2. Youare implementing Project Portfolio Management for a global professional services organization. In their Consulting Services line of business, it is common to use resources from different business units based on the skills required. Therefore, cross-chargetransactions happen between business units within the same legal entity.Transfer price calculations need to be based on raw costs, with no further adjustments to transfer price.
Identify two setups that can drive this borrowed and lent agreement. (Choosetwo.)

A) Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
B) Transfer price basis must beRaw Costand calculation method must beBasis Only.
C) Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.
D) A document entry such asstraight time must be enabledfor cross-charge transactions.

3. What are three configuration items that you need to set up by using the Project Organizationsfunctional area in Project Financial Management configurations? (Choose three.)

A) Manage Project Unit Organizations
B) Mange Project Types
C) Mange Business Unit
D) Manage Project Organization Classifications
E) Manage Project Unit Options

4. You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contractLine 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).
Then Bill Plan A is allocated against Project X - Task 10, and Bill Plan B is allocated against Project Y - Task
30.
Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario. (Choose two.)

A) Both the contract lines create only a single invoice because they are using the same contract.
B) Invoice generation does not depend on bill plan. The invoices are created based on the contract line.
C) Bill set number drives the grouping of transactions.
D) Two invoices are created using the same contract.

5. Identify three correct statements about project types. (Choose three.)

A) Project type can beenabled for both billing and capitaliz
B) Project type can be associated with multiple project units.
C) Summarization options can be specified at project type.
D) Classifications can be assigned
E) Project type can be usedas a source

Solutions: