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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. Which three features are part of Oracle Fusion Functional Setup Manager?

A) updating an implementation project task list by changing the opt-in configuration to suit the latest requirements
B) feature opt-in for a best fit configuration
C) export and import services for setup data migration between environments
D) modifying an existing implementation project task list by selectingmore functional areas when needed
E) guided task list for end-to-end setup requirements

2. You haveprojects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that thesedistribution set lines are not validated against the project transaction controlsand you are allowed to save it without any validation errors. Identify the why the project transaction controls are not applied. ( Choose the best answer.)

A) The account code combination is not available on the distribution set line.
B) There is no expenditure organization information available on the distribution set line.
C) There is no expenditure type information available on the distribution set line.
D) There is noexpenditure item dateinformation available on the distribution set line.

3. Your customer complains that their project resources do not report their time promptly, which has resulted in incorrect reporting of project performance. What should you do to fix this problem? (Choose the best answer.)

A) Enable track missing time at project type.
B) Enable track missing time atbusiness unit.
C) Enable track missing time at
D) Enable track missing time at project template.

4. Which two statements are true about the cross-charge method, Borrowed and Lent?

A) This method creates accounting entries that move an amount equal to the transfer price between theprovider and receiver organizations within a legal entity.
B) You must set up the contract business unit to use this method.
C) This method creates a formal internal invoice.
D) Costs or revenue are shared based on transfer price rules with this method.

5. Your customer started operations and all projects in January 2015. They implemented Enterprise Project Structure for calculating project labor demand by using the Annual option. When they view the labor demand on 15-Dec-2015, the project hierarchy viewer shows data only for the year 2015. The client expected the demand to be shown for a year, from 15-Dec-2015 to 15-Dec-2016.
Identify how the project hierarchy viewer displayslabor demand information. (Choose the best answer.)

A) The current date is used for calculating labor demand for the current year.
B) The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.
C) The date entered by a user as a parameter when running the Update EPS job was set to 01-Jan-2015, and hence the calculations show results for the year 2015.
D) The current period start date is used for calculating labor demand for the current year.

Solutions: