Oracle Project Management Cloud 2024 Implementation Professional

Question 1

You are currently involved in the implementation of the Project Financial Management solution for your client organization. Your client organization has two main lines of business: Consulting and Support.
Consulting Services and Support Services organizations have different project planning, management, analysis and reporting requirements for the projects that they manage, though the management reporting and transaction processing requirements are the same for both the organizations.
What will be your recommendation?

A. Define Two Business Units and Two Project Units

B. Define One Business Unit and Two Project Units

C. Define Two Business Units and One Project Unit

D. Define One Business Unit and Three Project Units

Correct Answer: B

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Question 2

Your customer has separate organizations to maintain indirect, capital, and billing types of projects.
Identify the two setups that can be used to fulfill this requirement. (Choose two.)

A. Business Unit

B. Organization Tree

C. Project Type

D. Project Organization Classification

E. Project Accounting Business Function

Correct Answer: B,D

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Question 3

Your business user has created a purchase order (PO) that has the following attributes:
Accrue at Receipt = Yes
Matching Option = 2 way
Receipt Close Tolerance = 100%
After approval, the PO is closed for receiving without creating a receipt. An AP invoice is created by matching to the PO. The user now runs Create Accounting for Receiving Transactions and then the "Import and Process Cost transactions" ESS (Enterprise Scheduler Service) job using the Transaction Source parameter as "Oracle Payables". The user notices that there is no cost transferred to the projects. Identify two reasons for this problem. (Choose two.)

A. When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to projects only if there are accounted receipt lines.

B. When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to project by payables.

C. When you have an AP invoice that is matched against a PO with Accrue at Receipt set to YES, cost is transferred to projects by Cost Management and not by Payables.

D. When you have an AP invoice that is matched against a PO with Accrue at Receipt set to NO, cost is transferred to projects by receipt accounting.

Correct Answer: A,C

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Question 4

Identify thethreecontract attributes from Project Performance Data that are used in Project Performance dashboard regions. (Choose three.)

A. Contract Line

B. Projects

C. Task

D. Contract Header

E. Expenditure Type

Correct Answer: A,B,C

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Question 5

Which three features are part of Oracle Fusion Functional Setup Manager?

A. updating an implementation project task list by changing the opt-in configuration to suit the latest requirements

B. export and import services for setup data migration between environments

C. modifying an existing implementation project task list by selecting more functional areaswhen needed

D. guided task list for end-to-end setup requirements

E. feature opt-in for a best fit configuration

Correct Answer: B,D,E

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Question 6

You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
Associated Project Budgeted Cost: USD 300
Contract Amount: USD 1000
Project Funded Amount: USD 750
Sum of Existing Revenue Events: USD 80
Identify the Associated Project Spent revenue that will get generated based on the preceding details. (Choose the best answer.)

A. USD 70

B. USD 120

C. USD 134

D. USD 184

Correct Answer: A

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Question 7

Which setup option is common to both financial and project plan types?

A. Enable the entry of plan amounts in currencies other than the project currency.

B. Enable the use of a workflow for managing budget or forecasting status changes.

C. Identify whether the plan type is the default selection when you create budget or forecast versions.

D. Manage the options for creating control budgets in Oracle Fusion Budgetary Control.

Correct Answer: A

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Oracle Project Management Cloud 2024 Implementation Professional - 1z0-1057-24 Exam Practice Test

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