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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. Yourcustomer wants additional project information for detailed account balance maintenance, reconciliation, and reporting. Identify the configuration in subledger accounting that can be set up to fulfill this requirement.
(Choose the best answer.)

A) Supporting References
B) Mapping Sets
C) Accounting Rule
D) Journal Rules
E) Accounting Method

2. You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they reviewthe rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month. Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)

A) Allocate rental costs once each accounting period by using the"full" allocation method.
B) Allocate to all eligible tasks and prorate the allocation by thetotal actual raw costaccrued for each task during theprevious accounting period.
C) Allocate rental costs once each accounting period by using the "spread evenly" allocation method.
D) Define allocationbasis by using Actual Amounts with aperiod-to-date amount class.
E) Define allocation basis by using Actual Amounts with a project-to-date amount class.

3. You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? (Choose two.)

A) Edit task details.
B) Enter progress for tasks.
C) Receive email notifications about changes that team members make to a task.
D) View task details and the task activity stream.

4. Whichthreesetups can be configured by using Rapid Implementation for Project Financial Management Applications?

A) Departments
B) Project Templates
C) Project Types
D) Expenditure Types

5. Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types.
Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

A) Create arevenue method with a revenue method classification of Rate Based.
B) Create a revenue method classification with a revenue method of Percent Spent.
C) Create a revenue method classification with a revenue method of Percent Complete.
D) Create a revenue method with a revenue method classification of Amount Based.

Solutions: