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Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q98-Q103):

NEW QUESTION # 98
Identify three correct statements about project types. (Choose three.)

A. Classifications can be assignedat project type.
B. Project type can beenabled for both billing and capitalization.
C. Summarization options can be specified at project type.
D. Project type can be associated with multiple project units.
E. Project type can be usedas a sourcein subledger accounting.

Answer: C,D,E

Explanation:
Project type is a classification that defines the common attributes and processing options for projects. Some of the correct statements about project type are:
* Project type can be used as a source in subledger accounting. This allows you to create accounting rules based on the project type attribute.
* Summarization options can be specified at project type. This allows you to control how the project transactions are summarized for reporting and performance purposes.
* Project type can be associated with multiple project units. This allows you to share the same project type across different business units or organizations. Project type cannot be enabled for both billing and capitalization, as these are mutually exclusive options. Classifications cannot be assigned at project type, but at project or task level. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio- management/20c/oapfm/set-up-project-financial-management.html#OAPFM2355971

NEW QUESTION # 99
You configure one OTBI using Project Cross Subject Area Analysis Real Time. You notice that all measures (Budget, Forecast, Cost, Commitments, Revenue, and Invoice) are not available for Bill-To-Customer and Contract and Contract Line dimensions. Identify the reason for this behavior. (Choose the best answer.)

A. The Bill-To-Customer dimension applies only to Revenue and Invoice measures.
B. The Bill-To-Customer dimension applies only to Invoice measures, but the Contract and Contract Line dimensions do not apply to Revenue and Invoice measures.
C. The Bill-To-Customer dimension applies to Invoice measures, and the Contract and Contract Line dimensions apply to Revenue and Invoice measures.
D. The Bill-To-Customer dimension does not apply to Invoice measures, but the Contract and Contract Line dimensions apply only to Revenue and Invoice measures.
E. The Contract and Contract Line dimensions apply only to Invoice measures.

Answer: C

Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/faopm/subjectareas.
html#Projects__Cross_Subject_Area_Analysis__Real_Time_SA_20
Analyze real-time information on project performance, including budgets, forecasts, costs, commitments, revenue, and invoices.
This subject area analysis allows cross subject area analysis between Funding, Invoices, Revenue, Budget, forecasts, Costs areas.

NEW QUESTION # 100
You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for a billable expenditure item and active contract, the process completessuccessfully but without any billing, and does not provide any error logs.
The program's processing summary is as follows:
Billing Event Errors 0
Ineligible Contracts 0
Successfully Billing Events Created 0
Ineligible Contract Lines 0
Billing Transaction Exception Errors 0
Ineligible Bill Plans 0
Billing Transaction Exception Warnings 0
Ineligible Associated Projects 0
Successful Billing Transactions 0
Ineligible Expenditure Items 0
Draft Invoice Exception Errors 0
Ineligible Events 0
Draft Invoice Exception Warnings 0
Successful Draft Invoices 0
What was the invoice method classification set to that caused this behavior? (Choose the best answer.)

A. Amount Based
B. As Incurred
C. Percent Complete
D. Rate Based

Answer: A

Explanation:
Reference: https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJB/F1087458AN139C2.htm Topic - Invoice and Revenue Rates: How They Are Determined Oracle Fusion Project Billing uses bill rates, burdening, and transfer price schedules to derive standard bill rates, multipliers, markups, and bases for calculating potential revenue when the revenue method classification on a revenue plan is as billed, as incurred, or rate based. Similarly,bill rates derive invoice amounts when theinvoice method classification on a bill plan is rate based.

NEW QUESTION # 101
You have defined two expenditure types but they are not available for selection when you enter an expenditure batch.
What is the reason for this problem?

A. The two expenditure types are not assigned to the reference data set that is assigned to the project 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 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 the business unit in which the transaction is performed.
D. 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.

Answer: A

Explanation:
The reason for this problem is that the two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed. Expenditure types are a type of reference data that can be shared across different business units or organizations using reference data sets. To make an expenditure type available for selection when you enter an expenditure batch, you need to assign it to the reference data set that is assigned to the project unit of the transaction. The project unit determines the reference data set for expenditure types. The reference data sets that are assigned to the project expenditure organization, the business unit, or the project-owning organization do not determine the reference data set for expenditure types. These reference data sets may determine other types of reference data such as expenditure categories, expenditure item dates, etc. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio- management/20c/oapfm/manage-project-costs.html#OAPFM2356231

NEW QUESTION # 102
Which two statements are true about a project in "Draft" status? (Choose two.)

A. Project managers can view draft projects on the Project Manager Dashboard and use the projects for requirements planning.
B. Project managers can neither view draft projects on the Project Manager Dashboard nor use the projects for requirements planning.
C. Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
D. Team members can see the tasks from draft projects on the Team Member Dashboard or in the My Work area.

Answer: A,C

Explanation:
Reference: https://docs.oracle.com/cloud/latest/projectcs_gs/OAPEM/OAPEM1122096.htm The following table lists the project statuses and what you can do with projects in that status.
Project Status
What you can do?
Draft
* Project managers can view draft projects in the Project Manager Dashboard and use the projects for requirements planning.
* Team members can't see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
Active
* Project managers can view active projects in the Project Manager Dashboard and use the projects for requirements planning, project execution, and reporting.
* Team members can view task assignments on active projects on the Team Member Dashboard and My Work area.
Pending Close
* Project managers can view pending projects in the Project Manager Dashboard and use the projects for project tracking, and reporting.
* Team members can view task assignments on pending projects on the Team Member Dashboard and My Work area.
Submitted
* Project managers can view submitted projects in the Project Manager Dashboard and use the projects for project tracking, and reporting.
* Team members can view task assignments on submitted projects on the Team Member Dashboard and My Work area Closed
* Project managers can't view closed projects in the Project Manager Dashboard or use the projects for requirements planning, project execution, and reporting.
* Team members can't view tasks of closed projects on the Team Member Dashboard or in the My Work area.

NEW QUESTION # 103
......

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