Oracle Project Portfolio Management Cloud 2018 Implementation Essentials

Question 1

You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contract Line 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).
Then Bill Plan A is allocated against Project X - Task 10, and Bill Plan B is allocated against Project Y - Task
30.
Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario. (Choose two.)

A. Both the contract lines create only a single invoice because they are using the same contract.

B. Invoice generation does not depend on bill plan. The invoices are created based on the contract line.

C. Two invoices are created using the same contract.

D. Bill set number drives the grouping of transactions.

Correct Answer: C,D

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Question 2

Your company uses an accounting calendar with periods that are identical to calendar months. A contract resource has been identified to work for six months on an accounting close cycle project. The resource is planned to start with 10 days left in the first period and to end 20 days into the last period. For the remaining periods, the resource must be loaded on all working days of the month. You are required to distribute the budget, forecast, and planning amounts across periods based on the task duration.
Which predefined spread curve must be used to meet this requirement? (Choose the best answer.)

A. Daily Spread Basis

B. S-Curve

C. Bell Curve

D. Back Loaded

E. Even

Correct Answer: A

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Question 3

Select two correct statements about project classifications on a template. (Choose two.)

A. Set Code isnotrequired for a project class category in a project classification.

B. Project Classification is a mandatory field on a project template.

C. When a project is created from a template, the required project classifications must be entered.

D. Project class category in a project classification must be associated with a Set Code.

Correct Answer: A,C

Question 4

Which application would you use to map application roles to external roles? (Choose the best answer.)

A. Security Console

B. Oracle Identify Manager

C. Authorization Policy Manager

D. BPM Work List

Correct Answer: C

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Question 5

After completing setups in a source environment, your customer wants to move the setup data to a target environment. Identify the two statements related to task list scope, which you must consider before taking a decision based on the customer requirement. (Choose two.)

A. A scope value is used to assign users who can perform a task within an implementation project.

B. Exported setup data can befiltered by specific scope valuesif the business object has scope enabled for the setup data export.

C. A task list can besegmented by a scope valueand a task can be performed for each qualifying value of the selected object.

D. Exported setup data cannot be filtered by specific scope values if the business object has scope enabled for the setup data export.

Correct Answer: B,C

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Question 6

You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)

A. On Hold > Pending Acceptance > Active

B. On Hold > Pending Approval > Active

C. Pending Approval > Pending Acceptance > Active

D. Pending Acceptance > Pending Approval > Active

Correct Answer: C

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Question 7

You have projects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that thesedistribution set lines are not validated against the project transaction controlsand you are allowed to save it without any validation errors.Identify the why the project transaction controls are not applied. ( Choose the best answer.)

A. There is no expenditure organization information available on the distribution set line.

B. The account code combination is not available on the distribution set line.

C. There is noexpenditure item dateinformation available on the distribution set line.

D. There is no expenditure type information available on the distribution set line.

Correct Answer: C

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Question 8

Your client is involved in automation control systems installation. Over the years, they have analyzed their total project spend on specific resource classes. They have identified that their cost spread distribution factor on a 10 spread point scale resembles:
0-4-10-11-14-13-10-4-0-0.Identify two ways to handle this kind of a spread on their budgets and forecasts. ( Choose two)

A. Use the predefined Bell Curve spread with small deviations on the spread points.

B. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to a project template.

C. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to the resource class.

D. Use the predefined S-Curve spread with small deviations on the spread points.

Correct Answer: A,C

Question 9

You create a project schedule with a Shifts element. Identify two more elements that can be part of a project schedule. (Choose two.)

A. Exceptions

B. Workday Patterns

C. Time Off

D. Expenditure Type

E. Accounting Calendar

Correct Answer: A,B

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Question 10

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 a revenue method with a revenue method classification of Amount Based.

B. Create a revenue method with a revenue method classification of Rate Based.

C. Create a revenue method classification with a revenue method of Percent Spent.

D. Create a revenue method classification with a revenue method of Percent Complete.

Correct Answer: B

Oracle Project Portfolio Management Cloud 2018 Implementation Essentials - 1Z0-1008 Exam Practice Test

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