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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q104-Q109):

NEW QUESTION # 104
You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
Associated Project Budgeted Cost: USD 300
Contract Amount: USD 1000
Project Funded Amount: USD 750
Sum of Existing Revenue Events: USD 80
Identify the Associated Project Spent revenue that will get generated based on the preceding details. (Choose the best answer.)

A. USD 70
B. USD 184
C. USD 134
D. USD 120

Answer: D

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/manage-project-contract-revenue.html#OAPJB164173 Associated Project Percent Spent Example The following formula calculates the percent spent revenue for the associated project.
((Sum of ITD Actual Cost for every subtask that is part of the associated task / Sum of Total Budgeted cost for every task that is part of associated task) x Associated Project Funded Amount) - Sum of Existing Invoice Event Amounts for the Associated Project ((60/300) x 750) - 80 = 70 ((Actual Cost / Budgeted Cost) x Budgeted Revenue) - Sum of Revenue Event Amount

NEW QUESTION # 105
You are now the project manager of a newly created implementation project. Which two items are not part of managing an implementation project?

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

Answer: B

Explanation:
Selecting the offering you want to implement and enabling optional functional areas and features by opting in are not part of managing an implementation project. These are part of configuring an implementation project, which is done before managing an implementation project. Configuring an implementation project allows you to define the scope and features of your implementation based on your business needs. Managing an implementation project involves assigning tasks to various users who are responsible for managing setup data, monitoring the progress of completing setup tasks, and generating a list of setup tasks. These are part of executing an implementation project, which is done after configuring an implementation project. Executing an implementation project allows you to perform the setup tasks and validate the setup data for your implementation. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/implement-project-financial-management-applications.html#OAPFM2356021

NEW QUESTION # 106
Your client organization has recently undergone a restructuring exercise that has resulted in the creation of new jobs. The Resource Breakdown Structure (RBS) was previously created with existing jobs, and now the new jobs have been added to the existing Resource Breakdown Structure.
Identify the correct statement about the RBS and new resources. (Choose the best answer.)

A. If the "Allow resource changes at project level" option is set to No for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.
B. If the "Allow resource changes at project level" option is set to Yes for the RBS, the new resources are available automatically at project level.
C. If the "Allow resource changes at project level" option is enabled for the RBS, the new resources added at project level are automatically reflected in the RBS.
D. If the "Allow resource changes at project level" option is set to No, the new resources and resource formats that are added to a Planning Resource Breakdown Structure for one project are not available for other projects.

Answer: A

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/implementing-project-financial-management-applications.html#FAPFM969761 Topic - Entering Planning Resource Breakdown Structure Details Click Navigator > Setup and Maintenance, and search for the Manage Planning and Billing Resource Breakdown Structures task.
Click the Manage Planning and Billing Resource Breakdown Structures link.
Use the Manage Planning and Billing Resource Breakdown Structures page to create new planning resource breakdown structures and to review existing planning and billing resource breakdown structures.
Click the Create icon in the Planning Resource Breakdown Structures section.
Use the Create Planning Resource Breakdown Structure: Basic Information page to provide basic resource breakdown structure information including the name, active dates, and project unit.
Enter a planning resource breakdown structure name and select a date from which the resource breakdown structure is available for use.
Optionally, provide a description and a date to which the planning resource breakdown structure is available for use.
Select a project unit. Only projects created for the selected project unit can use this planning resource breakdown structure.
If you want to allow project managers to add planning resources at the project level, then select the Allow resource changes at project level check box.
Tip: Changes at the project level don,t move back to the parent planning resource breakdown structure. Deselect this option to ensure all project using the planning resource breakdown structure use the same resources.
Optionally, select a Job Set as a source of jobs for creating planning resources on your planning resource breakdown structure.
Click Save.

NEW QUESTION # 107
Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs for rate-based planning resources. (Choose the best answer.)

A. Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule
B. Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule
C. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule
D. Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule
E. Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate

Answer: C

Explanation:
Reference https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_8718794B26A7BB93E040D30A688149A3

NEW QUESTION # 108
Your company uses an accounting calendar with periods that are identical to calendar months. A contract resource has been identified to work for six months on an accounting close cycle project. The resource is planned to start with 10 days left in the first period and to end 20 days into the last period. For the remaining periods, the resource must be loaded on all working days of the month. You are required to distribute the budget, forecast, and planning amounts across periods based on the task duration.
Which predefined spread curve must be used to meet this requirement? (Choose the best answer.)

A. Daily Spread Basis
B. S-Curve
C. Back Loaded
D. Bell Curve
E. Even

Answer: C

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-control-configuration-manage-spread-curves.html#OAPFM79760 Predefined Spread Curves Name Description Dist. Factors Even Linear distribution of financial or project plan values across periods.
10-10-10-10-10-10-10-10-10-10
Prorated Even
Linear distribution of financial or project plan values across periods, with an exception of the first period and last period in the financial plan. Financial or project plan values for the first period and last period are prorated based on the number of days in the period.
10-10-10-10-10-10-10-10-10-10
Back Loaded
Back-loaded distribution of financial or project plan values across periods. Assigned amounts increase over succeeding periods.
0-5-10-15-20-25-30-35-40-45
Front Loaded
Front-loaded distribution of financial or project plan values across periods. Assigned amounts decrease over succeeding periods.
45-40-35-30-25-20-15-10-5-0
S Curve
S-shaped distribution of financial or project plan values across periods.
18-10-8-10-15-17-18-17-15-8
Bell Curve
Bell-shaped distribution of financial or project plan values across periods. Assignment of plan values is highest in the middle periods.
0-4-10-12-14-12-10-4-0-0
Daily Spread Analysis
Spread is based upon the number of days in each financial period throughout the duration of the task assignment. Amounts are proportionally distributed throughout all periods for the duration of the task assignment None

NEW QUESTION # 109
......

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