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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. You have projects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that these distribution set lines are not validated against the project transaction controls and you are allowed to save it without any validation errors. Identify the reason why the project transaction controls are not applied. (Choose the best answer.)

A) There is no expenditure organization information available on the distribution set line.
B) There is no expenditure type information available on the distribution set line.
C) The account code combination is not available on the distribution set line.
D) There is no expenditure item date information available on the distribution set line.

2. Which two are the workflows in Project Financial Management?

A) Project Status Change
B) Capital Interest Calculation
C) Asset Line Generation
D) Expenditure Item Adjustment
E) Burden Cost Recalculation

3. Your customer wants to calculate Estimate to Complete (ETC) as the difference between Current Planned Cost and Actual Cost. In Progress Settings, which option would you use in conjunction with the ETC method to meet this requirement? (Choose the best answer.)

A) Effort
B) Remaining Plan
C) Cost
D) Manual Entry

4. Which three are project gate statuses? (Choose three.)

A) Draft
B) In Review
C) Approve
D) Open
E) Closed

5. You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitment for $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

A) 1000
B) 600
C) 900
D) 800

Solutions: