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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they review the rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month. Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)

A) Define allocation basis by using Actual Amounts with a project-to-date amount class.
B) Define allocation basis by using Actual Amounts with a period-to-date amount class.
C) Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task during the previous accounting period.
D) Allocate rental costs once each accounting period by using the "spread evenly" allocation method.
E) Allocate rental costs once each accounting period by using the "full" allocation method.

2. Your customer has different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates will be populated in such invoices?

A) Project accounting date is the first day of the first open project accounting period.
B) Accounting date is the first day of the first open accounting period.
C) Accounting date is the same as the original invoice date.
D) Project accounting date is the last day of the open project accounting period.
E) Project accounting date is the same as the original invoice date.

3. In your customer site, the capitalized interest calculation is implemented on their project types. Which option represents the costs considered in the interest calculation? (Choose the best answer.)

A) common costs on the project/task
B) expenditure type exclusions on the Capitalized Interest rate name
C) expenditure items whose cost spreads across multiple assets that are capitalized
D) expenditure items whose costs are applied to a single asset or multiple assets
E) expenditure type exclusions on the Capitalized Interest rate schedules

4. Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page. An HCM person is included in a condition with a process order value of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values.

A) The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.
B) For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.
C) The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.
D) For the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic order based on the condition name.

5. Select two correct statements about project classifications on a template.

A) Project class category in a project classification must be associated with a Set Code.
B) Set Code is not required for a project class category in a project classification.
C) Project Classification is a mandatory field on a project template.
D) When a project is created from a template, the required project classifications must be entered.

Solutions: