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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

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

2. Your company creates a separate project for infrastructure services, so as to track these costs separately and then allocateto various projects that use the services of the infrastructure team. You want to allocate these costs by first attributing a fixed percentage of the source amount to each project and then spread it across tasks based on the actual labor hours charged to each task.
Which allocation basis method would you use to meet this requirement? (Choose the best answer.)

A) target percentage and prorate
B) prorate
C) target percentage and spread evenly
D) spread evenly

3. 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.

4. You have closed theproject accounting period with a warning, but you are unable to close the accounting period due to an error.
Identify two reasons for this problem. (Choose two.)

A) The corresponding Oracle Payables Cloud accounting period has not been closed.
B) Unaccounted transactions have not been swept to the next period.
C) Unaccounted transactions are notimported.
D) Pending burden summarization items have not been processed.
E) Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.

5. Identify two correct role templates available on the Oracle Entitlement Server to generate roles for Project Organization Security. (Choose two.)

A) Project Manager Template for Project Organization Security
B) Project Billing Specialist Template for Project Organization Security
C) Project Administrator Template forProject Organization Security
D) Project Accountant Template for Project Organization Security
E) Project Creator Template for Project Organization Security

Solutions: