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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. In a Project Draft Invoice preview, quantity (hours) and unit price (bill rate) are shown as fields on the invoice. Quantity and unit price are then used to calculate the line total, then the total price of the invoice. After the invoice is transferred or created in Receivables, the invoice detail has a quantity of 1, and a unit price equal to the line total. The detailed Unit Price/Quantity does not come through on the Receivables invoice.
Identify the correct statement about details in the receivables invoice. (Choose the best answer.)

A) The project sends only the invoice header to Receivables, not the invoice line description and distributions.
B) The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.
C) The project sends the invoice line description and the invoice distributions to Receivables, but not the invoice header.
D) The project sends only the invoice header and invoice line description to Receivables, not the invoice distributions.

2. Your organization has created an Enterprise Project Structure (EPS) and your executives review the overall project labor demand by using the EPS.
Identify two correct statements about the periodic project labor demand.
Response:

A) Labor Demand FTE is calculated as Project Allocation hours divided by Project FTE hours, if project duration is used as the basis for viewing labor demand.
B) Labor Demand FTE is calculated as Yearly Allocation hours divided by Yearly FTE hours, if a year is used as the basis for viewing labor demand.
C) Labor Demand FTE is calculated as Monthly Allocation hours divided by Monthly FTE hours, if a period is used as the basis for viewing labor demand.
D) Labor Demand FTE is calculated as Quaterly Allocation hours divided by Quarterly FTE hours, if a quarter is used as the basis for viewing labor demand.

3. You have been hired as a project manager for implementing the Project Financial Management and Project Execution Management offering by an organization. The Chief Information Officer of the deploying organization has requested you to explain the benefits of using the implementation project-based approach over the functional area-based approach.
Which two are the main benefits of using the implementation projects within Functional Setup Manager?

A) Implementation Project helps you to monitor progress of the setup tasks.
B) Implementation Project helps you to use the manage setup data entry in bulk option.
C) Implementation Project helps in assigning responsibility of managing setup data to a broad group of users.
D) Implementation Project gives you the flexibility to set up different functional areas of the offering at different times.

4. Which two statements are true about the borrowed and lent cross charge method?

A) This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations
B) This method allows you to process cross charge transactions across legal entities.
C) Internal Invoice is not generated with this method.
D) You must set up a contract business unit to use this method.

5. Which precedence order is used by the system for labor schedules to distribute payroll cost?

A) Assignment Element > Element > Assignment
B) Assignment > Element > Assignment Element
C) Element > Assignment Element > Assignment
D) Assignment > Assignment Element > Element

Solutions: