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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q113-Q118):

NEW QUESTION # 113
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. Percent Complete
B. As Incurred
C. Amount Based
D. Rate Based

Answer: D

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 bill plan is rate based.

NEW QUESTION # 114
Identify two correct role templates available on the Oracle Entitlement Server to generate roles for Project Organization Security.

A. Project Billing Specialist Template for Project Organization Security
B. Project Accountant Template for Project Organization Security
C. Project Administrator Template for Project Organization Security
D. Project Manager Template for Project Organization Security
E. Project Creator Template for Project Organization Security

Answer: C

Explanation:
Reference https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracle-fusion-project-portfolio-management.html#FASER1722595 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 # 115
Your client has implemented Oracle Cloud Applications with their United States business unit and United Kingdom business unit. After six months, they acquired another company in China and added a China business unit. A project accountant in your organization is authorized to access transactions for the US, UK, and China business units. The project accountant can see the transactions for the US and UK business units but not for the China business unit. Why is he not able to see the transactions for the China business unit? (Choose the best answer.)

A. The project accountant is not assigned to the external role that grants access to the China business unit.
B. The China business unit is associated with a different legal entity than the US and UK business units.
C. The US and UK business units are linked to different ledgers than the China business unit.
D. The JOB role relevant to the China business unit is not assigned to the project accountant.

Answer: A

Explanation:
To access transactions for a business unit, the project accountant needs to be assigned to an external role that grants access to that business unit. The external role is defined by the security profile of the business unit and can be different for each business unit. The job role and the legal entity are not relevant for accessing transactions for a business unit. The ledger is relevant for accounting transactions, but not for project transactions. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financial-management.html#OAPFM2355903

NEW QUESTION # 116
When setting up capitalization options on a project type, you have decided to enable the Require Complete Asset Definition option. If this option is enabled, the "Transfer Assets to Oracle Fusion Assets" process will place asset lines with complete definition into which queue in Oracle Fusion Assets?

A. Posted
B. Hold
C. New
D. Post

Answer: B

Explanation:
If the Require Complete Asset Definition option is enabled on a project type, the "Transfer Assets to Oracle Fusion Assets" process will place asset lines with complete definition into the Hold queue in Oracle Fusion Assets. This queue holds the asset lines that require manual review and approval before they can be posted to the asset register. Asset lines with incomplete definition will be placed into the Error queue in Oracle Fusion Assets. This queue holds the asset lines that have errors or missing information that need to be corrected before they can be transferred to the Hold queue. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-assets.html#OAPFM2356041

NEW QUESTION # 117
Which two statements are true about a project in "Draft" status?

A. Team members can see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
B. Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
C. Project managers can view draft projects on the Project Manager Dashboard and use the projects for requirements planning.
D. Project managers can neither view draft projects on the Project Manager Dashboard nor use the projects for requirements planning.

Answer: C

Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPEM/OAPEM1122096.htm The following table lists the project statuses and what you can do with projects in that status.
Project Status
What you can do?
Draft
Project managers can view draft projects in the Project Manager Dashboard and use the projects for requirements planning.
Team members can,t see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
Active
Project managers can view active projects in the Project Manager Dashboard and use the projects for requirements planning, project execution, and reporting.
Team members can view task assignments on active projects on the Team Member Dashboard and My Work area.
Pending Close
Project managers can view pending projects in the Project Manager Dashboard and use the projects for project tracking, and reporting.
Team members can view task assignments on pending projects on the Team Member Dashboard and My Work area.
Submitted
Project managers can view submitted projects in the Project Manager Dashboard and use the projects for project tracking, and reporting.
Team members can view task assignments on submitted projects on the Team Member Dashboard and My Work area Closed Project managers can,t view closed projects in the Project Manager Dashboard or use the projects for requirements planning, project execution, and reporting.
Team members can,t view tasks of closed projects on the Team Member Dashboard or in the My Work area.

NEW QUESTION # 118
......

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