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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitmentfor $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

A) 1000
B) 600
C) 800
D) 900

2. Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction's business unit.
Which reference data sharing method would you setup to meet the customer requirement? (Choose the best answer.)

A) assignment to multiple sets; common values allowed
B) assignment to one set only; no common values allowed
C) assignment to multiple sets; no common values allowed
D) assignment to one set only with common values

3. Identifythethreecontract attributes from Project Performance Data that are used in Project Performance dashboard regions. (Choose three

A) Contract Header
B) Task
C) Expenditure Type
D) Contract Line
E) Projects

4. You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
AssociatedProject 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 184
B) USD 120
C) USD 70
D) USD 134

5. You have been asked to set up one active person, who is not a team member in the project, as a quality manager for each quality task created underprojects. However, when you try to assign the quality manager as Task Manager, you cannot find the person's name in the list of values. What is the reason for this problem?
(Choose the best answer.)

A) The "Require Task Managers to be Project Team Members" profile option is set to No.
B) The quality manager belongs to a department that is not associated with the project.
C) The "Require Task Managers to be Project Team Members" profile option is set to Yes.
D) The quality manager is not assigned with a supervisor.

Solutions: