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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. Your client uses Resource Breakdown Structures (RBS) and Resource Mapping to associate amounts to resources. After making some changes to the resources at project level, forecasts are regenerated. After reviewing the cost amounts associated with the resources, you suspect that the cost association does not match your client''s expectations. Identify two valid rules based on which cost association works.

A) If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with the lowest number at the lowest level.
B) If one branch contains a user-defined resource type, precedence is given to the branch that contains a user-defined resource type.
C) If a transaction maps to more than one level, Oracle PPM Cloud sums the precedence numbers for all resource type in the branch and gives precedence to the resource element in the branch with the highest sum.
D) If there is only one level in RBS to which the transaction maps, the cost amounts are mapped to that level.

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

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

4. Your customer accounts revenue based on, product class category. Because all your customer''s projects are funded by private and government institutions, they decide to classify all projects based on their funding source to accurately report on revenue in General Ledger. Accordingly, you create a new class category "Funding Source" and assign it to all projects. However, you notice that the accounting is still happening based on product class category. Identify the reason for this problem. (Choose the best answer.)

A) Funding source class category is not enabled for "available as accounting source".
B) Funding source class category is assigned to all project types.
C) Funding source class category is enabled for "available as accounting source".
D) Product class category is not enabled for "available as accounting source".

5. After completing setups in a source environment, your customer wants to move the setup data to a target environment.
Identify the two statements related to task list scope, which you must consider before taking a decision based on the customer requirement.
Response:

A) Exported setup data can be filtered by specific scope values if the business object has scope enabled for the setup data export.
B) A task list can be segmented by a scope value and a task can be performed for each qualifying value of the selected object.
C) Exported setup data cannot be filtered by specific scope values if the business object has scope enabled for the setup data export.
D) A scope value is used to assign users who can perform a task within an implementation project.

Solutions: