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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q70-Q75):

NEW QUESTION # 70
As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes In HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers.
Which three are parameters that are based on which the system identifies the new resources?

A. Business Unit
B. Jobs
C. Project Unit
D. Department
E. Organization

Answer: A

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/fapfm/implementing-project-execution-management-applications.html#FAPFM1718570 Topic - Manage Maintenance Conditions for Project Enterprise Labor Resource

NEW QUESTION # 71
Which two are the workflows in Project Financial Management?

A. Asset Line Generation
B. Expenditure Item Adjustment
C. Capital Interest Calculation
D. Project Status Change
E. Burden Cost Recalculation

Answer: B

Explanation:
The workflows in Project Financial Management are business processes that automate the approval and notification tasks for various project transactions and events. Two of the workflows in Project Financial Management are:
Project Status Change: This workflow manages the approval and notification tasks for changing the status of a project or task from one value to another. For example, when a project or task is submitted for approval, this workflow routes the request to the appropriate approvers and notifies them of the action required.
Expenditure Item Adjustment: This workflow manages the approval and notification tasks for adjusting expenditure items that have been charged to a project or task. For example, when an expenditure item is adjusted by a project manager or a cost accountant, this workflow routes the adjustment to the appropriate approvers and notifies them of the action required. Capital Interest Calculation, Burden Cost Recalculation, and Asset Line Generation are not workflows in Project Financial Management, but processes that perform various calculations and transactions for project costs and assets. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-financial-management.html#OAPFM2356161

NEW QUESTION # 72
Your organization has been awarded a new contract based on which you are allowed to sell:
Items not tracked in inventory
Inventory items
Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)

A. Create two contract lines with a line type each of "sell intent, free-form, project-based" and "sell intent, item, project-based".
B. Create two contract lines with a line type each of "free-form, project-based buy agreement" and "bundle sell, project-based".
C. Create two contract lines with a line type each of "sell intent, item, project-based' and "subscription, project-based, sell".
D. Create two contract lines with a line type each of "product, project-based, sell agreement, standalone" and "sell intent, item, project-based".

Answer: C

Explanation:
To sell items not tracked in inventory, inventory items, and services, you can create two contract lines with different line types. The line type of "sell intent, free-form, project-based" allows you to sell any item or service without specifying the item number or quantity. The line type of "sell intent, item, project-based" allows you to sell inventory items by specifying the item number and quantity. Both line types are project-based, meaning they are linked to a project and generate revenue based on project performance. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-contracts.html#OAPFM2355835

NEW QUESTION # 73
When setting up capitalization options on a project type, you have decided to enable the Require Complete Asset Definition option. If this option is enabled, the "Transfer Assets to Oracle Fusion Assets" process will place asset lines with complete definition into which queue in Oracle Fusion Assets?

A. Posted
B. New
C. Post
D. Hold

Answer: D

Explanation:
If the Require Complete Asset Definition option is enabled on a project type, the "Transfer Assets to Oracle Fusion Assets" process will place asset lines with complete definition into the Hold queue in Oracle Fusion Assets. This queue holds the asset lines that require manual review and approval before they can be posted to the asset register. Asset lines with incomplete definition will be placed into the Error queue in Oracle Fusion Assets. This queue holds the asset lines that have errors or missing information that need to be corrected before they can be transferred to the Hold queue. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-assets.html#OAPFM2356041

NEW QUESTION # 74
Shift is one of the key elements in defining project and resource calendars.
Which two additional key elements are required to define the project and resource calendars?

A. Expenditure Type
B. Accounting Calendar
C. Time off
D. Schedule Exceptions
E. Workday Patterns

Answer: D

Explanation:
Shift is one of the key elements in defining project and resource calendars. Two additional key elements that are required to define the project and resource calendars are:
Schedule Exceptions: These are dates or periods that override the regular workday patterns and shifts of a calendar. They can be used to define holidays, vacations, or other special events that affect the availability of resources or projects.
Workday Patterns: These are patterns of working and nonworking days that repeat over a period of time. They can be used to define the standard working days and hours for a calendar. Time off, expenditure type, and accounting calendar are not key elements in defining project and resource calendars. Time off is an attribute of a resource assignment that reduces the availability of a resource. Expenditure type is a classification of costs that determines how they are processed and accounted. Accounting calendar is a calendar that defines the accounting periods and dates for transactions. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-resources.html#OAPFM2356131

NEW QUESTION # 75
......

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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q70-Q75):

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