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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q118-Q123):

NEW QUESTION # 118
Your customer complains that their project resources do not report their time promptly, which has resulted in incorrect reporting of project performance. What should you do to fix this problem? (Choose the best answer.)

  • A. Enable track missing time at project type.
  • B. Enable track missing time at business unit.
  • C. Enable track missing time at project unit.
  • D. Enable track missing time at project template.

Answer: C

Explanation:
To fix the problem of project resources not reporting their time promptly, you should enable track missing time at project unit. This option allows you to track and report on missing time entries for project resources based on their work assignments and schedules. You can also set up notifications and reminders to prompt resources to enter their time on a regular basis. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-time-and-labor.html#OAPFM2356011


NEW QUESTION # 119
Your customer wants to generate accounting based on project information associated with the transaction for all subledger transactions. Identify three subledger applications for which the project source is available for deriving accounts when configuring subledger accounting. (Choose three.)

  • A. Fixed Asset
  • B. Purchasing
  • C. Payables
  • D. Receipt Accounting

Answer: A

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-costing-configuration-define-project-costing-integrations.html#OAPFM3094605 Topic - Deriving Projects-Related Accounts


NEW QUESTION # 120
Your company uses an accounting calendar with periods that are identical to calendar months. A contract resource has been identified to work for six months on an accounting close cycle project. The resource is planned to start with 10 days left in the first period and to end 20 days into the last period. For the remaining periods, the resource must be loaded on all working days of the month. You are required to distribute the budget, forecast, and planning amounts across periods based on the task duration.
Which predefined spread curve must be used to meet this requirement? (Choose the best answer.)

  • A. Even
  • B. Back Loaded
  • C. Daily Spread Basis
  • D. S-Curve
  • E. Bell Curve

Answer: B

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-control-configuration-manage-spread-curves.html#OAPFM79760 Predefined Spread Curves Name Description Dist. Factors Even Linear distribution of financial or project plan values across periods.
10-10-10-10-10-10-10-10-10-10
Prorated Even
Linear distribution of financial or project plan values across periods, with an exception of the first period and last period in the financial plan. Financial or project plan values for the first period and last period are prorated based on the number of days in the period.
10-10-10-10-10-10-10-10-10-10
Back Loaded
Back-loaded distribution of financial or project plan values across periods. Assigned amounts increase over succeeding periods.
0-5-10-15-20-25-30-35-40-45
Front Loaded
Front-loaded distribution of financial or project plan values across periods. Assigned amounts decrease over succeeding periods.
45-40-35-30-25-20-15-10-5-0
S Curve
S-shaped distribution of financial or project plan values across periods.
18-10-8-10-15-17-18-17-15-8
Bell Curve
Bell-shaped distribution of financial or project plan values across periods. Assignment of plan values is highest in the middle periods.
0-4-10-12-14-12-10-4-0-0
Daily Spread Analysis
Spread is based upon the number of days in each financial period throughout the duration of the task assignment. Amounts are proportionally distributed throughout all periods for the duration of the task assignment None


NEW QUESTION # 121
Which three features are part of Oracle Fusion Functional Setup Manager?

  • A. export and import services for setup data migration between environments
  • B. feature opt-in for a best fit configuration
  • C. updating an implementation project task list by changing the opt-in configuration to suit the latest requirements
  • D. guided task list for end-to-end setup requirements
  • E. modifying an existing implementation project task list by selecting more functional areas when needed

Answer: A

Explanation:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/oafsm/applications-cloud-using-functional-setup-manager.pdf Functional Setup Manager offers the following:
*Standardized application configuration and setup experience
*Feature opt-in for a best fit configuration
*xible processes for managing setup:
*Setup by functional areas for an adopt-as-you-go approach
*Implementation projects to manage setup
*Upload file to enter setup data in bulk
* Guided task list for end-to-end setup requirements
* Export and import services for setup data migration between environments
* Comprehensive reporting on setup data


NEW QUESTION # 122
Identify three correct statements about project types. (Choose three.)

  • A. Project type can be enabled for both billing and capitalization.
  • B. Project type can be used as a source in subledger accounting.
  • C. Project type can be associated with multiple project units.
  • D. Summarization options can be specified at project type.
  • E. Classifications can be assigned at project type.

Answer: A

Explanation:
Project type is a classification that defines the common attributes and processing options for projects. Some of the correct statements about project type are:
Project type can be used as a source in subledger accounting. This allows you to create accounting rules based on the project type attribute.
Summarization options can be specified at project type. This allows you to control how the project transactions are summarized for reporting and performance purposes.
Project type can be associated with multiple project units. This allows you to share the same project type across different business units or organizations. Project type cannot be enabled for both billing and capitalization, as these are mutually exclusive options. Classifications cannot be assigned at project type, but at project or task level. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financial-management.html#OAPFM2355971


NEW QUESTION # 123
......

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