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

2. 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 period start date is used for calculating labor demand for the current year.
B) The current date is used for calculating labor demand for the current year.
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 project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.

3. Identify the valid approval group type applicable to Oracle Project Financial Management Cloud. (Choose the best answer.)

A) Static
B) Job
C) Dynamic
D) Flexfield
E) Position

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

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

5. 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) 800
C) 900
D) 600

Solutions: