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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. Your customer has the following setups onthe project plan type that they are using for their projects:
Use Task Planned Dates as Task Assignment Dates = Yes
Automatically Roll Up Task Planned Dates = Yes
Synchronize Task Transaction Dates with Planned Dates = No
With these setups in place, youperform the following actions:
1. Create a new subtask (Sub Task 1) with a start date of 15-Jun-2016 on the project that has as start date of
01-Jul-2016.
2. Create another new subtask (Sub Task 2) after the previous action is saved.
What would thecorrect behavior of the application be after these actions? (Choose the best answer.)

A) After the creation of Sub Task 1, Project Start Date would remain unchanged as 01-Jul-2016 and Sub Task 2 would be created with 15-Jun-2016.
B) After the creation andsaving of Sub Task 1, Task Start Date would be changed to 01-Jul-2016 and Sub Task 2 would be created with 01-Jul-2016.
C) Project Start Date would remain unchanged as 01-Jul-2016 for both actions but the start dates on both subtasks would remain 15-Jun-2016.
D) After the creation of Sub Task 1, Project Start Date would be changed to 15-Jun-2016 and Sub Task 2 would be created with 15-Jun-2016.

2. Your customer started operations and all projects in January 2015. They implemented Enterprise Project Structure for calculating project labor demand by using the Annual option. When they view the labor demand on 15-Dec-2015, the project hierarchy viewer shows data only for the year 2015. The client expected the demand to be shown for a year, from 15-Dec-2015 to 15-Dec-2016.
Identify how the project hierarchy viewer displayslabor demand information. (Choose the best answer.)

A) The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.
B) The date entered by a user as a parameter when running the Update EPS job was set to 01-Jan-2015, and hence the calculations show results for the year 2015.
C) The current date is used for calculating labor demand for the current year.
D) The current period start date is used for calculating labor demand for the current year.

3. You have closed theproject accounting period with a warning, but you are unable to close the accounting period due to an error.
Identify two reasons for this problem. (Choose two.)

A) The corresponding Oracle Payables Cloud accounting period has not been closed.
B) Unaccounted transactions are notimported.
C) Pending burden summarization items have not been processed.
D) Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.
E) Unaccounted transactions have not been swept to the next period.

4. You are now the project manager of a newly created implementation project. Which two items arenotpart of managing an implementation project?

A) Generate a list of setup tasks.
B) Enable optional functional areas and features by opting in.
C) Select the offering you want to implement.
D) Monitor the progress of completing setup tasks.
E) Assign tasks to various users who are responsible for managing setup data.

5. In your customer site, the capitalized interest calculation is implemented on their project types. Which option represents the costs considered in the interest calculation? (Choose the best answer.)

A) expenditure items whose cost spreads across multiple assets that are capitalized
B) expenditure type exclusions on the Capitalized Interest rate schedules
C) common costs on the project/task
D) expenditure items whose costs are applied to a single asset or multiple assets
E) expenditure type exclusions on the Capitalized Interest rate name

Solutions: