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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q24-Q29):

NEW QUESTION # 24
Select two correct statements about project classifications on a template.

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

Explanation:
Project classifications are used to group and report on projects based on different criteria. A project template can have one or more project classifications, which can be either required or optional. When a project is created from a template, the required project classifications must be entered, while the optional ones can be left blank. A project class category in a project classification must be associated with a set code, which determines the list of values for the project class. Project classification is not a mandatory field on a project template, but it is recommended to use it for reporting purposes. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-plans.html#OAPFM2355961

NEW QUESTION # 25
Your customer wants to see how quantity, cost, and revenue amounts are automatically distributed by using Spread Curve. Identify two period options that are available for this purpose.

A. Accounting Periods
B. Project Accounting Periods
C. Calendar Types
D. PA-GL Periods
E. PA Calendar

Answer: E

Explanation:
Reference https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_87F467307D50416BE040D30A68816855 Spread curves let you distribute quantity, cost, and revenue amounts automatically across accounting or project accounting periods. You assign a spread curve to each resource class. Planning resources (in the planning resource breakdown structure) inherit the spread curve setting from the associated resource class. You can change the spread curve for the planning resource and for any corresponding task assignments, or budget or forecast lines.

NEW QUESTION # 26
Identify the valid approval group type applicable to Oracle Project Financial Management Cloud. (Choose the best answer.)

A. Position
B. Flexfield
C. Dynamic
D. Job
E. Static

Answer: E

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-approval-management.html#FACIA3124477 Topic Approval Groups Each approval group includes a set of users that you configure to act on tasks in a certain pattern. Tasks can be defined to get routed to an approval group instead of an individual user. You can nest approval groups within approval groups.
You have two options for defining the group:
Static: Select the specific users to include in the group.
Dynamic: Provide the logic to use to determine the users in the group.

NEW QUESTION # 27
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 # 28
Your organization has created an Enterprise Project Structure (EPS) and your executives review the overall project labor demand by using the EPS. Identify two correct statements about the periodic project labor demand.

A. Labor Demand FTE is calculated as Project Allocation hours divided by Project FTE hours, if project duration is used as the basis for viewing labor demand.
B. Labor Demand FTE is calculated as Yearly Allocation hours divided by Yearly FTE hours, if a year is used as the basis for viewing labor demand.
C. Labor Demand FTE is calculated as Quarterly Allocation hours divided by Quarterly FTE hours, if a quarter is used as the basis for viewing labor demand.
D. Labor Demand FTE is calculated as Monthly Allocation hours divided by Monthly FTE hours, if a period is used as the basis for viewing labor demand.

Answer: C

Explanation:
Reference https://docs.oracle.com/cloud/farel10/projectcs_gs/OAPEM/OAPEM1461017.htm#OAPEM1313472 Project Labor Demand: How It,s Calculated Project executives want to track the labor demand in projects in their organization. The Project Hierarchy Viewer provides project executives a hierarchical view of the enterprise project structure (EPS) along with the labor demand in terms of full-time equivalent (FTE).
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.
How Project Labor Demand Is Calculated
The Project Hierarchy Viewer calculates project labor demand in the following manner:
Spreads the allocation hours from the Manage Project Resources page evenly over the days that the resources are allocated to the project.
Divides the quarterly project allocation hours by the quarterly FTE hours to get the labor demand.
Rolls up the quarterly and annual labor demand up the hierarchy.

NEW QUESTION # 29
......

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