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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

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

2. Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs forrate-based planning resources. (

A) Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule
B) Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule
C) Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule
D) Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate
E) Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule

3. 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 classcategories and codes.
Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)

A) Class categoriesshould beassignedtoproject type.
B) Class codes should be assigned to project unit.
C) Class categories should be assigned to business unit.
D) Class codesshould beassociated

4. Your company creates a separate project for infrastructure services, so as to track these costs separately and then allocateto various projects that use the services of the infrastructure team. You want to allocate these costs by first attributing a fixed percentage of the source amount to each project and then spread it across tasks based on the actual labor hours charged to each task.
Which allocation basis method would you use to meet this requirement? (Choose the best answer.)

A) prorate
B) target percentage and spread evenly
C) spread evenly
D) target percentage and prorate

5. Your customer has a requirement toimport and process third-party transactions that are "costed" and
"accounted".
Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)

A) Document Options
B) Import Options
C) Transaction Source Options
D) Document Entry Options

Solutions: