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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page.
An HCM person is included in a condition with a process ordervalue of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

A) For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.
B) The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.
C) For the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic orderbased on the condition name.
D) The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

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

3. Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types.
Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

A) Create a revenue method classification with a revenue method of Percent Complete.
B) Create arevenue method with a revenue method classification of Rate Based.
C) Create a revenue method with a revenue method classification of Amount Based.
D) Create a revenue method classification with a revenue method of Percent Spent.

4. Whichtwoattributes are available while enabling a task as a business object for social networking?

A) Creation Date
B) Project
C) Task
D) Task Number
E) Project Number

5. Whichfivesteps are required for the File-Based Data Import Integration option?

A) Install an Excel add-in.
B) Run Process to transfer data to interface tables.
C) Upload the file to the server.
D) Import data into various applications.
E) Download an Excel template.
F) Populate the spreadsheet with data and generate a CSV file.

Solutions: