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Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q12-Q17):

NEW QUESTION # 12
Which two statements are true about a project in "Draft" status? (Choose two.)

A. Project managers can view draft projects on the Project Manager Dashboard and use the projects for requirements planning.
B. Project managers can neither view draft projects on the Project Manager Dashboard nor use the projects for requirements planning.
C. Team members can see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
D. Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My Work area.

Answer: A,D

Explanation:
Reference: https://docs.oracle.com/cloud/latest/projectcs_gs/OAPEM/OAPEM1122096.htm The following table lists the project statuses and what you can do with projects in that status.
Project Status
What you can do?
Draft
* Project managers can view draft projects in the Project Manager Dashboard and use the projects for requirements planning.
* Team members can't see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
Active
* Project managers can view active projects in the Project Manager Dashboard and use the projects for requirements planning, project execution, and reporting.
* Team members can view task assignments on active projects on the Team Member Dashboard and My Work area.
Pending Close
* Project managers can view pending projects in the Project Manager Dashboard and use the projects for project tracking, and reporting.
* Team members can view task assignments on pending projects on the Team Member Dashboard and My Work area.
Submitted
* Project managers can view submitted projects in the Project Manager Dashboard and use the projects for project tracking, and reporting.
* Team members can view task assignments on submitted projects on the Team Member Dashboard and My Work area Closed
* Project managers can't view closed projects in the Project Manager Dashboard or use the projects for requirements planning, project execution, and reporting.
* Team members can't view tasks of closed projects on the Team Member Dashboard or in the My Work area.

NEW QUESTION # 13
You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Portfolio Management with tasks and subtasks applicable to each of the phases of the project:
Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want todefine deliverables for your project requirementsthat are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works. Identify the two correct statements in this respect. (Choose two.)

A. A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
B. A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.
C. You associate a deliverable with a task, independent of associating a requirement with a task.
D. The association of a deliverable with a task is dependent on associating a requirement with a task.

Answer: A,C

Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapem/define-project- deliverables.html#OAPEM1122079 Associate deliverables with one or many tasks or requirements at any level. Associate existing deliverables to tasks or requirements or create deliverables directly for tasks or requirements. You can delete a deliverable in New status if it is not associated with tasks or requirements.
Can deliverables for projects and tasks be inherited from associated requirements?
No.A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
You associate a deliverable with a task, independent of associating a requirement with a task.

NEW QUESTION # 14
Which two statements are true about the cross-charge method, Borrowed and Lent?

A. This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations within a legal entity.
B. This method creates a formal internal invoice.
C. You must set up the contract business unit to use this method.
D. Costs or revenue are shared based on transfer price rules with this method.

Answer: A,D

Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjc/process-project-cost- transactions.html#OAPJC284872 What's a borrowed and lent processing method?
A method of processing cross-charge transactions that generates accounting entries to share revenue or transfer costs from theprovider organization to the receiver organization within a legal entity.An internal invoice isn't created but costs or revenue are sharedbased on the transfer price rules.This method provides a financial view of the performance of an organization.

NEW QUESTION # 15
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. You can enable automatic reprocessing of expenditure items processed before the burden schedule change.
B. All expenditure items charged to the task use the new burden schedule.
C. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier cannot be reprocessed.
D. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.

Answer: D

Explanation:
Reference: https://docs.oracle.com/cloud/r13_update17b/projectcs_gs/OAPJC/OAPJC1071490.
htm#OAPJC1071482

NEW QUESTION # 16
Which two statements are true about the borrowed and lent cross charge method? (Choose two.)

A. You must set up a contract business unit to use this method.
B. This method allows you to process cross charge transactions across legal entities.
C. This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations
D. Internal Invoice is not generated with this method.

Answer: B,D

Explanation:
The borrowed and lent cross charge method is a method that allows you to process cross charge transactions between provider and receiver organizations that belong to different legal entities within the same primary ledger. This method does not generate internal invoices or intercompany accounting entries for cross charge transactions. Instead, this method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations using borrowed and lent accounts. Two statements that are true about this method are:
* Internal Invoice is not generated with this method. This method does not create internal invoices for cross charge transactions, as these transactions are accounted within the same primary ledger using borrowed and lent accounts.
* This method allows you to process cross charge transactions across legal entities. This method allows you to process cross charge transactions between provider and receiver organizations that belong to different legal entities within the same primary ledger, as long as they share the same chart of accounts, calendar, currency, and subledger accounting method.

NEW QUESTION # 17
......

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Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q12-Q17):

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