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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do not seem to be right. Based on the calculations, you notice that the amounts calculated are not considering the burden schedule override at a task level, which was done during the second month of the quarter.
What is the reason for this problem?

A) All expenditure items charged to the task use the new burden schedule.
B) Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.
C) You can enable automatic reprocessing of expenditure items processed before the burden schedule change.
D) Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier cannot be reprocessed.

2. Green House Corporation has decided to enable the budgetary control feature for their projects. At which two levels will they be able to enter the amounts in the budget versions for these projects?

A) Project
B) Top resource
C) Task
D) Expenditure Category
E) Expenditure Type

3. A consulting services company is currently working on a business transformation project for your client, which spans multiple years. At the first period close, the consulting services company has recognized revenue and the accounting entry created is:
Dr Unbilled Receivables 40,000
Cr Revenue 40,000
At the end of the period, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)

A) Dr Accounts Receivables 40,000Cr Revenue 40,000
B) Dr Unearned Revenue 40,000Cr Revenue 40,000
C) Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000
D) Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000

4. You want to create a few project roles so as to restrict access in the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement?

A) Project Team Member - Security based on Project Assignment
B) Project Accountant - Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
C) Project Billing Specialist - Security based on Contract BU
D) Project Manager - Security based on Project Assignment
E) Project Executive - Security based on Project Hierarchy

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

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

Solutions: