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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q74-Q79):

NEW QUESTION # 74
Where should you specify the Default Capitalized Interest Rate Schedule?

A. Manage Expenditure Type page
B. Manage Project Plan Type page
C. Manage Capitalized Interest Rate Schedules page
D. Manage Capitalized Interest Rates page
E. Manage Project Type page

Answer: B

Explanation:
The Default Capitalized Interest Rate Schedule should be specified on the Manage Project Type page. This option allows you to select a capitalized interest rate schedule that will be used as the default for projects or tasks that use the project type. A capitalized interest rate schedule defines the interest rates and dates that are used to calculate the capitalized interest amount for a project or task. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2356101

NEW QUESTION # 75
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 displays labor demand information. (Choose the best answer.)

A. The current period start date is used for calculating labor demand for the current year.
B. The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.
C. The current date is used for calculating labor demand for the current year.
D. 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.

Answer: C

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/analyze-project-management-performance.html#OAPEM1313471 Topic - Project Labor Demand: How It,s Calculated Settings That Affect Project Labor Demand Project application administrators must do the following to set up how project labor demand is calculated:
Organize projects into hierarchical groups on the Manage Enterprise Project Structure page.
Change the quarterly FTE hours for the organization on the Define Project Management Implementation Options page, if different from 520 hours.
Note: You can choose to view labor demand annually instead of quarterly. The Project Hierarchy Viewer uses the current date to determine which year or quarter to display.

NEW QUESTION # 76
Select two correct statements about project classifications on a template.
Response:

A. Set Code is not required for a project class category in a project classification.
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. Project class category in a project classification must be associated with a Set Code.

Answer: A,B

NEW QUESTION # 77
Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation?
Response:

A. Allocate Project Expense
B. Manage Project Plan Resource Assignment
C. View Project Progress
D. Transfer Project

Answer: B,D

NEW QUESTION # 78
Which product offering enables you to collaboratively plan and deliver projects by leveraging intuitive and integrated scheduling tools?

A. Resource Management
B. Project Costing
C. Project Control
D. Project Management

Answer: D

Explanation:
Project Management is the product offering that enables you to collaboratively plan and deliver projects by leveraging intuitive and integrated scheduling tools. Project Management allows you to create and manage project plans, tasks, deliverables, issues, milestones, gates, etc. using various methods and sources. You can also monitor and control project progress and performance using dashboards and reports. Resource Management is the product offering that enables you to optimize the utilization and allocation of resources for projects and tasks. Resource Management allows you to create and manage resource requests, assignments, pools, calendars, etc. using various criteria and sources. You can also monitor and analyze resource availability and demand using dashboards and reports. Project Control is the product offering that enables you to simplify the planning, budgeting, and forecasting capabilities for projects and tasks. Project Control allows you to create and manage project budgets, forecasts, financial plans, etc. using various methods and sources. You can also monitor and control project costs and variances using dashboards and reports. Project Costing is the product offering that enables you to capture and process project costs from various sources and applications. Project Costing allows you to create and manage project transactions, expenditures, assets, etc. using various rules and options. You can also generate project costing and accounting entries using dashboards and reports. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/overview-project-financial-management.html#OAPFM2356301

NEW QUESTION # 79
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