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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. A project administrator is trying toassign a team member for a project but cannot find the person in the team member list on the Project Definition page. What is the reason for this problem? (Choose the best answer.)

A) Project roles are not assigned in the project.
B) The employee is not assigned to the project-owning organization.
C) Theemployee is not assigned with a supervisor.
D) The employee is not assigned to a department.

2. Your customer wants to perform billing based on the Percent Spent invoice method. Identify two setups that are required in project contracts for calculating invoice amounts as per their requirement. (Choose two.)

A) billing controls
B) expenditure items
C) bill plan
D) invoice method
E) billing events

3. You want tocreate a few project roles so as to restrict accessin the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (

A) Project Executive- Security basedon Project Hierarchy
B) Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
C) Project Team Member- Security based on Project Assignment
D) Project Billing Specialist- Security based on Contract BU
E) Project Manager- Security based on Project Assignment

4. As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do not seem to be right. Based on the calculations, you notice that the amounts calculated are not considering the burden schedule override at a task level, which was done during the second month of the quarter. Identify the reason for this problem. (Choose the best answer.)

A) All expenditure items charged to the task use the new burden schedule.
B) You can enable automatic reprocessing of expenditureitems processed before the burden schedule change.
C) Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.
D) Only new expenditure items charged to the task use the new burden schedule; expenditure itemsprocessed earlier cannot be reprocessed.

5. You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
AssociatedProject Budgeted Cost: USD 300
Contract Amount: USD 1000
Project Funded Amount: USD 750
Sum of Existing Revenue Events: USD 80
Identify the Associated Project Spent revenue that will get generated based on the preceding details. (Choose the best answer.)

A) USD 120
B) USD 70
C) USD 134
D) USD 184

Solutions: