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Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q55-Q60):
NEW QUESTION # 55
Which three tasks can be performed using the project requirements work area? (Choose three.)
- A. adding scrum master to backlog items.
- B. creating issues for the backlog items.
- C. creating change orders for the backlog items.
- D. creating projects and tasks in the context of backlog items.
- E. tracking backlog item status from the requirement storyboard.
Answer: B,D,E
Explanation:
The project requirements work area is a work area that allows you to define and manage requirements for your projects using various methods and sources. Requirements are statements of needs or expectations that must be met by the project outcome. Backlog items are a type of requirement that are used for agile projects that follow an iterative and incremental approach. Three of the tasks that can be performed using the project requirements work area are:
* creating projects and tasks in the context of backlog items: This task allows you to create new projects and tasks or link existing projects and tasks to backlog items. This helps you to plan and execute the work that is required to fulfill the backlog items.
* creating issues for the backlog items: This task allows you to create new issues or link existing issues to backlog items. Issues are problems or risks that affect the progress or outcome of a project or requirement. This helps you to track and resolve the issues that are related to the backlog items.
* tracking backlog item status from the requirement storyboard: This task allows you to view and update the status of backlog items from the requirement storyboard. The requirement storyboard is a graphical representation of the progress and completion of backlog items using various stages and lanes. This helps you to monitor and control the delivery of backlog items. Adding scrum master to backlog items and creating change orders for the backlog items are not tasks that can be performed using the project requirements work area. Adding scrum master to backlog items is a task that can be performed using the project team work area, as scrum master is a role that is assigned to a project team member who facilitates and coordinates the agile project activities. Creating change orders for the backlog items is a task that can be performed using the project change management work area, as change orders are documents that capture and approve changes to a project scope, schedule, or budget. Reference:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project- execution.html#OAPFM2356321
NEW QUESTION # 56
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 with a revenue method classification of Amount Based.
- B. Create a revenue method classification with a revenue method of Percent Complete.
- C. Create a revenue method with a revenue method classification of Rate Based.
- D. Create a revenue method classification with a revenue method of Percent Spent.
Answer: C
Explanation:
To perform revenue recognition based on the Labor and Non-labor Burden schedule types, you need to create a revenue method with a revenue method classification of Rate Based. This classification allows you to use the burdened cost rates of labor and non-labor resources as the basis for revenue recognition. The burdened cost rates are derived from the burden schedules that are assigned to the project or task. Reference:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-revenue.
html#OAPFM2355981
NEW QUESTION # 57
Stigma consulting has been hired by a client to implement Project Management Cloud. Which role should they assign to a user for using the rapid implementation feature to set up the Project Financial Management offering by populating and uploading a Microsoft Excel workbook?
- A. Project Executive
- B. Project Administrator
- C. Project Application Administrator
- D. Project Integration Specialist
Answer: D
Explanation:
The Project Integration Specialist role should be assigned to a user for using the rapid implementation feature to set up the Project Financial Management offering by populating and uploading a Microsoft Excel workbook. This role allows the user to access the Functional Setup Manager and perform the common setups for project costing and billing using predefined templates and spreadsheets. The user can also monitor and validate the setup data using reports and dashboards. Reference:https://docs.oracle.com/en/cloud/saas/project- portfolio-management/20c/oapfm/implement-project-financial-management-applications.
html#OAPFM2356151
NEW QUESTION # 58
You have been asked to set up one active person, who is not a team member in the project, as a quality manager for each quality task created under projects. However, when you try to assign the quality manager as Task Manager, you cannot find the person's name in the list of values. What is the reason for this problem?
(Choose the best answer.)
- A. The "Require Task Managers to be Project Team Members" profile option is set to No.
- B. The "Require Task Managers to be Project Team Members" profile option is set to Yes.
- C. The quality manager belongs to a department that is not associated with the project.
- D. The quality manager is not assigned with a supervisor.
Answer: B
Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/introducing-oracle- project-portfolio-management-cloud-services.html#FAPFM428138 Topic - Project Foundation Profile Options Profile Option Name - Task Managers Must Be Project Team Members Description - Specify whether task managers must be project team members.
Values - No (Default) /Yes
Setup Task Name -Require Task Managers to be Project Team Members
NEW QUESTION # 59
You are implementing Project Portfolio Management for a global professional services organization. In their Consulting Services line of business, it is common to use resources from different business units based on the skills required. Therefore, cross-charge transactions happen between business units within the same legal entity.Transfer price calculations need to be based on raw costs, with no further adjustments to transfer price.
Identify two setups that can drive this borrowed and lent agreement. (Choose two.)
- A. A document entry such asstraight time must be enabledfor cross-charge transactions.
- B. Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.
- C. Transfer price basis must beRaw Costand calculation method must beBasis Only.
- D. Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
Answer: A,C
Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-billing- configuration-define-transfer-pricing.html#OAPFM3094619
NEW QUESTION # 60
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