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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)

A) Pending Approval > Pending Acceptance > Active
B) OnHold > Pending Acceptance > Active
C) On Hold > Pending Approval > Active
D) Pending Acceptance > Pending Approval > Active

2. Your organization has been awarded a new contract based on which you are allowedto 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 "product, project-based, sell agreement, standalone" and "sell intent, item, 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 "free-form, project-based buy agreement" and "bundle sell, project-based".

3. Your business user has created a purchase order (PO) that has the following attributes:
Accrue at Receipt = Yes
Matching Option = 2 way
Receipt Close Tolerance = 100%
After approval, the PO is closed for receiving without creating a receipt. An AP invoice is created by matching to the PO. The user now runs Create Accounting for Receiving Transactions and then the "Import and Process Cost transactions" ESS (Enterprise Scheduler Service) job using the Transaction Source parameter as "Oracle Payables". The user notices that there is no cost transferred to the projects. Identify two reasons for this problem. (Choose two.)

A) When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to projects only if there are accounted receipt lines.
B) When you have an AP invoice that is matched againsta PO with Accrue at Receipt set to NO, cost is transferred to projects by receipt accounting.
C) When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to project by payables.
D) When you have an AP invoice that is matched against a PO with Accrue at Receipt set to YES, cost is transferred to projects by Cost Management and not by Payables.

4. 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 Resourcesprocess 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. (Choose the best answer.)

A) Pool Membership
B) Jobs
C) attributes that the project enterprise resources are assigned after creation
D) Person Type

5. Which three features are part of Oracle Fusion Functional Setup Manager?

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

Solutions: