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NEW QUESTION 18
While opening an organization tree on the Manage Organization Trees page, you notice that the hierarchy status is displayed as Inactive. Identify the two reasons for the organization tree to be in Inactive status. ( Choose two.)
- A. You opened the hierarchy by clicking the name.
- B. You selected the Edit icon for opening the hierarchy.
- C. You used Create Tree Version in the action menu.
- D. You used Create Tree in the action menu.
- E. You used View Tree Version in the action menu.
Answer: B,D
NEW QUESTION 19
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. Project Classification is a mandatory field on a project template.
- D. Set Code is not required for a project class category in a project classification.
Answer: B,D
NEW QUESTION 20
Which setup option is common to both financial and project plan types?
- A. Enable the entry of plan amounts in currencies other than the project currency.
- B. Enable the use of a workflow for managing budget or forecasting status changes.
- C. Manage the options for creating control budgets in Oracle Fusion Budgetary Control.
- D. Identify whether the plan type is the default selection when you create budget or forecast versions.
Answer: A
Explanation:
Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-control-configuration-ma Financial and Project Plan Setup Options The following table describes the basic budget, forecast, or project plan setup options that determine how a plan type is used in the context of a project. Except for third-party scheduling, you can't edit these options at the project level.
Option
Location
Description
Planning amounts
Financial plan type
Indicates that the financial plan type supports the creation of versions with the following amounts:
* Cost amounts
* Revenue amounts
* Both cost and revenue amounts
* Either cost or revenue amounts
Approved budget or primary forecast
Financial plan type
Determines whether a financial plan type is used for creating approved budget versions or primary forecast versions that are used for plan comparison or project performance reporting.
Default financial plan type
Financial plan type
Determines whether the financial plan type is the default selection when you create budget or forecast versions.
Workflows
Financial plan type
Enables the use of a workflow for managing budget or forecast status changes.
Third-party scheduling software
Project plan type
Indicates whether project planning is performed in Microsoft Project.
If third-party scheduling is disabled in the project plan type, you can use the associated project or project template to create a project in Microsoft Project. However, you can't export the new project or link it to one created in Oracle Fusion Project Portfolio Management.
Multiple transaction currencies
Financial and project plan type
Enables entry of plan amounts in currencies other than the project currency.
Budgetary control settings
Financial plan type
Manages options for creating control budgets in Oracle Fusion Budgetary Control.
NEW QUESTION 21
Your client uses Resource Breakdown Structures (RBS) and Resource Mapping to associate amounts to resources. After making some changes to the resources at project level, forecasts are regenerated. After reviewing the cost amounts associated with the resources, you suspect that the cost association does not match your client's expectations. Identify two valid rules based on which cost association works. (Choose two.)
- A. If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with the lowest number at the lowest level.
- B. If a transaction maps to more than one level, Oracle PPM Cloud sums the precedence numbers for all resource type in the branch and gives precedence to the resource element in the branch with the highest sum.
- C. If there is only one level in RBS to which the transaction maps, the cost amounts are mapped to that level.
- D. If one branch contains a user-defined resource type, precedence is given to the branch that contains a user-defined resource type.
Answer: A,C
Explanation:
Explanation
Reference https://docs.oracle.com/cd/E37583_01/doc.1116/e22598/F458900AN13D82.htm How Resource Mapping Is Calculated You can track the cost impact of every resource that has been assigned to a project task and use the resource breakdown structure to view the breakdown of these costs. Oracle Fusion Projects associates the costs of the resources used for tasks with branches and levels in the resource breakdown structure. The process for determining the correct association is managed by rules of precedence.
Oracle Fusion Projects uses the following ts with resources:
* Select the lowest level in the resource breakdown structure to which a transaction can map.
* If there is only one level to which the transaction maps, the cost amounts are mapped to that level.
* If the transaction maps to more than one level, Oracle Fusion Projects sums the precedence numbers for all resource types in the branch and gives precedence to the resource element in the branch with the lowest sum.
* If more than one branch has the lowest precedence number at the lower level, the application uses the precedence number of the next level up.
* If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with the lowest number at the lowest level.
* If one branch contains a user-defined resource type, precedence is given to the branch that does not contain a user-defined resource type.
Note Oracle Fusion Projects gives more precedence to a lower precedence number. For example, a resource element with a precedence number of 1 is given precedence over a resource element with a precedence number of 10.
NEW QUESTION 22
Your company creates a separate project for infrastructure services, so as to track these costs separately and then allocate to various projects that use the services of the infrastructure team. You want to allocate these costs by first attributing a fixed percentage of the source amount to each project and then spread it across tasks based on the actual labor hours charged to each task.
Which allocation basis method would you use to meet this requirement? (Choose the best answer.)
- A. target percentage and spread evenly
- B. prorate
- C. target percentage and prorate
- D. spread evenly
Answer: C
Explanation:
Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjc/allocate-project-costs.html#OAPJ
* Spread Evenly
* The allocation rule divides the source pool amount equally among all the chargeable target tasks included in the rule. This is the most simple and direct basis method.
* Target Percentage and Spread Evenly
* Specify the percentage of the source pool that is required to allocate to each target line. The total specified target percentage must always equal 100 percent. The allocation rule calculates the amount to allocate to the target line, and then spreads the results evenly among the chargeable tasks.
* Prorate
* The allocation generation uses the attributes defined in the allocation rule to derive the rate at which the source pool amount is apportioned among the target projects and tasks. For this basis method, the allocation rule uses the basis attributes to apportion the source amount among all the tasks defined by the rule. The Prorate basis method provides precise control over how the rule distributes the source pool.
* Target Percentage and Prorate
* The allocation rule first uses the target percentage to calculate the amount to allocate to the line, and then apportions the results among all the tasks. The Target Percentage and Prorate basis method provides precise control over how the rule distributes the source pool.
NEW QUESTION 23
Your customer wants a project start date to cascade to the project tasks but does not want the finish date to be cascaded. Identify the default setup in a project template that can be used to enable this. (Choose the best answer.)
- A. Cascade change to the start date.
- B. Cascade change to the start date and the finish date.
- C. Do not cascade date changes.
- D. Cascade change to the finish date.
Answer: A
Explanation:
Explanation
Reference
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-control-configuration-ma Topic - Project Date Cascade Options Use the Cascade option choice list to determine whether your changes to project dates cascade to tasks.
Use the Basic Information region on the Edit Project Template page to select one of the following options:
* Do not cascade project date changes to tasks: Both start and finish dates are editable. However, you must ensure the following:
* The project start date is not later than the earliest task date.
* The project finish date is not earlier than the latest task date.
* Cascade project start date change to affected tasks: You can edit only the project start date.
* Cascade project finish date change to affected tasks: You can edit only the project finish date.
Do not cascade project date changes to tasks is the default value. You must select the cascade option each time you change the project dates, as your selection isn't saved for future date changes.
If you select to roll up planned dates for tasks or are using an external application for scheduling, then you can't modify the project start or finish dates.
NEW QUESTION 24
Your customer has different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates will be populated in such invoices? (Choose two.)
- A. Project accounting date is the first day of the first open project accounting period.
- B. Project accounting date is the last day of the open project accounting period.
- C. Accounting date is the first day of the first open accounting period.
- D. Accounting date is the same as the original invoice date.
- E. Project accounting date is the same as the original invoice date.
Answer: C,E
NEW QUESTION 25
You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for a billable expenditure item and active contract, the process completes successfully but without any billing, and does not provide any error logs.
The program's processing summary is as follows:
Billing Event Errors 0
Ineligible Contracts 0
Successfully Billing Events Created 0
Ineligible Contract Lines 0
Billing Transaction Exception Errors 0
Ineligible Bill Plans 0
Billing Transaction Exception Warnings 0
Ineligible Associated Projects 0
Successful Billing Transactions 0
Ineligible Expenditure Items 0
Draft Invoice Exception Errors 0
Ineligible Events 0
Draft Invoice Exception Warnings 0
Successful Draft Invoices 0
What was the invoice method classification set to that caused this behavior? (Choose the best answer.)
- A. Amount Based
- B. Percent Complete
- C. As Incurred
- D. Rate Based
Answer: A
Explanation:
Explanation
Reference https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJB/F1087458AN139C2.htm Topic - Invoice and Revenue Rates: How They Are Determined Oracle Fusion Project Billing uses bill rates, burdening, and transfer price schedules to derive standard bill rates, multipliers, markups, and bases for calculating potential revenue when the revenue method classification on a revenue plan is as billed, as incurred, or rate based. Similarly, bill rates derive invoice amounts when the invoice method classification on a bi
NEW QUESTION 26
Which three setups can be configured by using Rapid Implementation for Project Financial Management Applications?
- A. Project Types
- B. Departments
- C. Project Templates
- D. Expenditure Types
Answer: A,B,D
NEW QUESTION 27
Identify two correct role templates available on the Oracle Entitlement Server to generate roles for Project Organization Security. (Choose two.)
- A. Project Accountant Template for Project Organization Security
- B. Project Creator Template for Project Organization Security
- C. Project Administrator Template for Project Organization Security
- D. Project Billing Specialist Template for Project Organization Security
- E. Project Manager Template for Project Organization Security
Answer: B,C
Explanation:
Explanation
Reference
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracle Ref to "Securing Project Financial Management and Grants Management Applications" Table lists predefined enterprise roles and the type of security that grants the role access to data in a work area or dashboard.
Enterprise Role
Work Area or Dashboard
Data Security Based On
Project Accountant
Asset
Project business unit
Project Accountant
Costs
Project expenditure business unit
Project Accountant
Revenue
Contract business unit
Project Administrator
Project Financial Management
Project business unit
Project organization
Project Billing Specialist
Invoices
Contract business unit
Project Creator
Project Financial Management
Project business unit
Project organization
Project Management Duty
Project Management Infolet Dashboard
Project assignment
Project Management Duty
Project Performance Dashboard
Project assignment
Project Manager
Project Management Infolet Dashboard
Project assignment
Project Manager
Project Performance Dashboard
Project assignment
Project Manager
Project Management
Project assignment
Project Manager
Project Manager Dashboard
Project assignment
Project Team Member
Project Financial Management
Project assignment
Grants Accountant
Invoices
Contract business unit
Grants Accountant
Revenue
Contract business unit
Grants Administrator
Awards
Contract business unit
Grants Administrator
Contracts
Contract business unit
Grants Administrator
Project Financial Management
Project business unit
Principal Investigator
Awards
Award assignment
Principal Investigator
Contracts
Award assignment
Principal Investigator
Project Financial Management
Project assignment
NEW QUESTION 28
You want to export your project plan to Oracle Project Financial Management Cloud after initial scheduling is complete in Microsoft Projects. Identify three conditions that must be met for exporting milestone tasks. ( Choose three.)
- A. lowest-level tasks set up with zero duration
- B. percent work complete values of 0 or 100 percent
- C. only one labor resource assignment with 0 effort
- D. only one labor resource assignment with 100 effort
- E. lowest-level tasks set up with non-zero duration
Answer: A,B,C
Explanation:
Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapex/define-project-management-conf Topic - Microsoft Project Prevalidation: Explained The following table describes Prevalidation rules for tasks and resource assignments.
Level
Rule
Lowest-level tasks
One labor and multiple expense resources are allowed for a lowest-level task. Remove other resources.
Summary tasks
Only one labor resource with zero allocation is allowed for a summary task. Remove all other resources.
Milestone tasks
No subtasks are allowed under milestone tasks. Milestones must be lowest-level tasks.
Milestone tasks
Milestone tasks must have zero duration.
Milestone tasks
Only one labor resource, with zero effort, is allowed for a milestone task. Remove all other resources.
When exporting milestone tasks, ensure that the tasks:
* Are lowest-levels task with zero duration, that is, the same start and finish dates.
* Have only one labor resource assignment with zero effort.
* Have percent work complete values of 0 or 100 percent. Any other values are set to zero before export.
NEW QUESTION 29
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. (Choose two.)
- A. Accounting Periods
- B. PA Calendar
- C. Project Accounting Periods
- D. Calendar Types
- E. PA-GL Periods
Answer: A,C
Explanation:
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 30
Which three are true of what you can do in the Project Requirements work area?
- A. Create an implementation project.
- B. Organize backlog items by requirements.
- C. Manage your list of backlog items.
- D. Create project tasks for backlog items.
- E. Create an execution project.
Answer: B,C,D
Explanation:
Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapem/manage-project-requirements.ht Project Requirements: Explained Requirements enable you to capture your business needs. If you manage projects using the Agile development methodology, you start by identifying the high-level requirements and decomposing them further to manage the completion of work on the requirement.
You use the Project Requirements work area to:
* Organize backlog items by requirements
* Manage your list of backlog items
* Create project tasks for backlog items
NEW QUESTION 31
You have closed the project accounting period with a warning, but you are unable to close the accounting period due to an error.
Identify two reasons for this problem. (Choose two.)
- A. Unaccounted transactions have not been swept to the next period.
- B. Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.
- C. Pending burden summarization items have not been processed.
- D. Unaccounted transactions are not imported.
- E. The corresponding Oracle Payables Cloud accounting period has not been closed.
Answer: A,B
Explanation:
Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjb/record-accounting-for-project-bil Topic - Accounting Period and Project Accounting Period Closing: How Validation Works
NEW QUESTION 32
Your business user has created a purchase order (PO) that has the following attributes:
Accrue at Receipt = Yes
Matching Option = 2 way
Receipt Close Tolerance = 100%
After approval, the PO is closed for receiving without creating a receipt. An AP invoice is created by matching to the PO. The user now runs Create Accounting for Receiving Transactions and then the "Import and Process Cost transactions" ESS (Enterprise Scheduler Service) job using the Transaction Source parameter as "Oracle Payables". The user notices that there is no cost transferred to the projects. Identify two reasons for this problem. (Choose two.)
- A. When you have an AP invoice that is matched against a PO with Accrue at Receipt set to NO, cost is transferred to projects by receipt accounting.
- B. When you have an AP invoice that is matched against a PO with Accrue at Receipt set to YES, cost is transferred to projects by Cost Management and not by Payables.
- C. When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to projects only if there are accounted receipt lines.
- D. When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to project by payables.
Answer: B,C
NEW QUESTION 33
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