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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. Yourcustomer wants additional project information for detailed account balance maintenance, reconciliation, and reporting. Identify the configuration in subledger accounting that can be set up to fulfill this requirement.
(Choose the best answer.)

A) Supporting References
B) Journal Rules
C) Mapping Sets
D) Accounting Rule
E) Accounting Method

2. You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitmentfor $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

A) 1000
B) 900
C) 600
D) 800

3. As part of maintaining (importing new employees thatwere added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes In HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers.
Whichthreeare parameters that are based on which the system identifies the new resources?

A) Organization
B) Department
C) Business Unit
D) Jobs
E) Project Unit

4. You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they reviewthe rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month. Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)

A) Define allocation basis by using Actual Amounts with a project-to-date amount class.
B) Allocate rental costs once each accounting period by using the "spread evenly" allocation method.
C) Allocate to all eligible tasks and prorate the allocation by thetotal actual raw costaccrued for each task during theprevious accounting period.
D) Define allocationbasis by using Actual Amounts with aperiod-to-date amount class.
E) Allocate rental costs once each accounting period by using the"full" allocation method.

5. You want to export your project plan to Oracle Project Financial Management Cloud after initial scheduling is complete in MicrosoftProjects. Identify three conditions that must be met forexporting milestone tasks.( Choose three.)

A) percent work complete values of 0 or 100 percent
B) lowest-level tasks set up with non-zero duration
C) only one labor resource assignment with 100 effort
D) lowest-level tasks set up with zero duration
E) only one labor resource assignment with 0 effort

Solutions: