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Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q24-Q29):

NEW QUESTION # 24
Select two correct statements about project classifications on a template. (Choose two.)

A. Project Classification is a mandatory field on a project template.
B. Set Code isnotrequired for a project class category in a project classification.
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.

Answer: C,D

Explanation:
Project classifications are used to group and report on projects based on different criteria. A project template can have one or more project classifications, which can be either required or optional. When a project is created from a template, the required project classifications must be entered, while the optional ones can be left blank. A project class category in a project classification must be associated with a set code, which determines the list of values for the project class. Project classification is not a mandatory field on a project template, but it is recommended to use it for reporting purposes.Reference:https://docs.oracle.com/en/cloud
/saas/project-portfolio-management/20c/oapfm/manage-project-plans.html#OAPFM2355961

NEW QUESTION # 25
Your customer has a requirement to import and process third-party transactions that are "costed" and
"accounted".
Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)

A. Import Options
B. Document Options
C. Document Entry Options
D. Transaction Source Options

Answer: D

Explanation:
Reference: https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJC/F1071488AN1004C.htm To import and process third-party transactions that are costed and accounted, you need to set the Transaction Source Options for the transaction source that you use to import the transactions. The Transaction Source Options allow you to specify whether the transactions are costed and accounted by the source system or by Oracle Fusion Cost Management. You can also specify whether to validate and transfer costs and accounting entries to projects and general ledger.Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio- management/20c/oapfm/manage-project-costs.html#OAPFM2355941

NEW QUESTION # 26
You configure one OTBI using Project Cross Subject Area Analysis Real Time. You notice that all measures (Budget, Forecast, Cost, Commitments, Revenue, and Invoice) are not available for Bill-To-Customer and Contract and Contract Line dimensions. Identify the reason for this behavior. (Choose the best answer.)

A. The Bill-To-Customer dimension applies to Invoice measures, and the Contract and Contract Line dimensions apply to Revenue and Invoice measures.
B. The Contract and Contract Line dimensions apply only to Invoice measures.
C. The Bill-To-Customer dimension applies only to Revenue and Invoice measures.
D. The Bill-To-Customer dimension applies only to Invoice measures, but the Contract and Contract Line dimensions do not apply to Revenue and Invoice measures.
E. The Bill-To-Customer dimension does not apply to Invoice measures, but the Contract and Contract Line dimensions apply only to Revenue and Invoice measures.

Answer: A

Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/faopm/subjectareas.
html#Projects__Cross_Subject_Area_Analysis__Real_Time_SA_20
Analyze real-time information on project performance, including budgets, forecasts, costs, commitments, revenue, and invoices.
This subject area analysis allows cross subject area analysis between Funding, Invoices, Revenue, Budget, forecasts, Costs areas.

NEW QUESTION # 27
What are three configuration items that you need to set up by using the Project Organizations functional area in Project Financial Management configurations? (Choose three.)

A. Mange Project Types
B. Mange Business Unit
C. Manage Project Organization Classifications
D. Manage Project Unit Options
E. Manage Project Unit Organizations

Answer: C,D,E

Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project- organizations.html#OAPFM3094543 Topic - Manage Project Unit Organizations

NEW QUESTION # 28
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 thattheir 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. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to a project template.
B. Use the predefined S-Curve spread with small deviations on the spread points.
C. Use the predefined Bell Curve spread with small deviations on the spread points.
D. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to the resource class.

Answer: A,D

Explanation:
To handle a custom spread on budgets and forecasts, you can either create a new spread curve or edit an existing one to match the desired spread points. Then, you can attach the spread curve to a project template or a resource class, depending on whether you want to apply it to all projects using that template or all transactions using that resource class.Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio- management/20c/oapfm/define-project-budgets-and-forecasts.html#OAPFM2355819

NEW QUESTION # 29
......

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