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| Section | Weight | Objectives |
|---|---|---|
| Project Billing and Revenue Management | 20% | - Set up revenue recognition and invoicing - Manage contract billing and revenue accounting - Configure cross-charging, transfer pricing |
| Functional Setup Manager and Implementation | 10% | - Use Rapid Implementation Workbook - Configure and manage implementation projects |
| Resource Management | 10% | - Manage resource allocation and utilization - Configure enterprise resource setup |
| Project Management Cloud Overview and Common Configuration | 15% | - Set up calendars, periods, rate schedules, transaction sources - Describe architecture and components - Manage security, roles, duties and user experience - Configure enterprise settings, reference data sharing |
| Program Management and Reporting | 10% | - Configure project performance reporting and KPIs - Set up programs and hierarchies |
| Project Planning, Control and Forecasting | 15% | - Set up project controls and performance tracking - Manage project schedules and progress - Define project budgets and forecasts |
| Project Costing | 20% | - Integrate with Time and Labor - Configure cost collection, allocations, burdening - Set up budgetary controls and cost controls |
1. Your client organization has recently undergone a restructuring exercise that has resulted in the creation of new jobs. The Resource Breakdown Structure (RBS) was previously created with existing jobs, and now the new jobs have been added to the existing Resource Breakdown Structure.
Identify the correct statement about the RBS and new resources. (Choose the best answer.)
A) If the "Allow resource changes at project level" option is set to Yes for the RBS, the new resources are available automatically at project level.
B) If the "Allow resource changes at project level" option is set to No, the new resources and resource formats that are added to a Planning Resource Breakdown Structure for one project are not available for other projects.
C) If the "Allow resource changes at project level" option is enabled for the RBS, the new resources added at project level are automatically reflected in the RBS.
D) If the "Allow resource changes at project level" option is set to No for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.
2. Your customer wants a project start date to cascade to the project tasks but does not want the finish date to be cascaded. Identify the default setup in a project template that can be used to enable this. (Choose the best answer.)
A) Cascade change to the start date and the finish date.
B) Cascade change to the finish date.
C) Do not cascade date changes.
D) Cascade change to the start date.
3. You have closed the project accounting period with a warning, but you are unable to close the accounting period due to an error. Identify two reasons for this problem.
Response:
A) Unaccounted transactions have not been swept to the next period.
B) The corresponding Oracle Payables Cloud accounting period has not been closed.
C) Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.
D) Unaccounted transactions are not imported.
E) Pending burden summarization items have not been processed.
4. You are implementing Project Portfolio Management for a global professional services organization. In their Consulting Services line of business, it is common to use resources from different business units based on the skills required. Therefore, cross-charge transactions happen between business units within the same legal entity. Transfer price calculations need to be based on raw costs, with no further adjustments to transfer price.
Identify two setups that can drive this borrowed and lent agreement.
A) A document entry such as straight time must be enabled for cross-charge transactions.
B) Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.
C) Transfer price basis must be Raw Cost and calculation method must be Basis Only.
D) Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
5. Using Oracle Time and Labor, your client wants to put in a validation process that allows only a certain number of maximum hours an employee can charge in a day, and a minimum of hours he or she can report in a week.
What feature would you use to meet this requirement? (Choose the best answer.)
A) time audit rules
B) project time validation rules
C) time entry rules
D) time calculation rules
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: A,E | Question # 4 Answer: C | Question # 5 Answer: A |
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