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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. A consulting services company is currently working on a businesstransformation project for your client, which spans multiple years. At the first period close, the consulting services company has recognized revenue and the accounting entry created is:
Dr Unbilled Receivables 40,000
Cr Revenue 40,000
At the end of theperiod, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)

A) Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000
B) Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000
C) Dr Unearned Revenue 40,000Cr Revenue 40,000
D) Dr Accounts Receivables 40,000Cr Revenue 40,000

2. Which two statements describe how the Resource Qualification Score is calculated?

A) An individual's score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.
B) An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have thequalification.
C) An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification with a proficiencythat is lower or higher than specified.
D) An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification that meets the specified proficiency.

3. Identifythethreecontract attributes from Project Performance Data that are used in Project Performance dashboard regions. (Choose three

A) Contract Header
B) Contract Line
C) Task
D) Projects
E) Expenditure Type

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

5. Select two correct statements about project classifications on a template. (Choose two.)

A) Project class category in a project classification must be associated with a Set Code.
B) When a project is created from a template, the required project classifications must be entered.
C) Set Code isnotrequired for a project class category in a project classification.
D) Project Classification is a mandatory field on a project template.

Solutions: