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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. You haveprojects 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) The account code combination is not available on the distribution set line.
B) There is no expenditure organization information available on the distribution set line.
C) There is no expenditure type information available on the distribution set line.
D) There is noexpenditure item dateinformation available on the distribution set line.

2. Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation? (Choose two.)

A) View Project Progress
B) Allocate Project Expense
C) Transfer Project
D) ManageProject Plan Resource Assignment

3. 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) Pending Approval > Pending Acceptance > Active
B) On Hold > Pending Approval > Active
C) OnHold > Pending Acceptance > Active
D) Pending Acceptance > Pending Approval > Active

4. Which two statements are true about the cross-charge method, Borrowed and Lent?

A) This method creates accounting entries that move an amount equal to the transfer price between theprovider and receiver organizations within a legal entity.
B) Costs or revenue are shared based on transfer price rules with this method.
C) This method creates a formal internal invoice.
D) You must set up the contract business unit to use this method.

5. You want to export your project plan to Oracle Project Financial Management Cloud after initial scheduling is complete in MicrosoftProjects. Identify three conditions that must be met forexporting milestone tasks.( Choose three.)

A) lowest-level tasks set up with zero duration
B) only one labor resource assignment with 0 effort
C) only one labor resource assignment with 100 effort
D) percent work complete values of 0 or 100 percent
E) lowest-level tasks set up with non-zero duration

Solutions: