Oracle

1z0-1057

Oracle Project
Portfolio
Management Cloud
2019 Implementation
Essentials
Version: 5.0
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Practice Exam Oracle - 1z0-1057

Question #:1

Your client organization has recently undergone a restructuring exercise that has resulted in the creation of
new jobs. The Resource Breakdown Structure (RBS) was previously created with existing jobs, and now
the new jobs have been added to the existing Resource Breakdown Structure.

Identify the correct statement about the RBS and new resources. (Choose the best answer.)

A. If the “Allow resource changes at project level” option is set to No, the new resources and resource
formats that are added to a Planning Resource Breakdown Structure for one project are not available
for other projects.

B. If the “Allow resource changes at project level” option is set to No for the RBS, then the resources added to
the Planning Resource Breakdown Structure are automatically available for use on the projects.

C. If the “Allow resource changes at project level” option is set to Yes for the RBS, the new resources are
available automatically at project level.

D. If the “Allow resource changes at project level” option is enabled for the RBS, the new resources added
at project level are automatically reflected in the RBS.

Answer: B

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/implementing-project-financial-

Topic - Entering Planning Resource Breakdown Structure Details

Click Navigator > Setup and Maintenance, and search for the Manage Planning and Billing
Resource Breakdown Structures task.

Click the Manage Planning and Billing Resource Breakdown Structures link.

Use the Manage Planning and Billing Resource Breakdown Structures page to create new planning
resource breakdown structures and to review existing planning and billing resource breakdown structures.

Click the Create icon in the Planning Resource Breakdown Structures section.

Use the Create Planning Resource Breakdown Structure: Basic Information page to provide basic
resource breakdown structure information including the name, active dates, and project unit.

Enter a planning resource breakdown structure name and select a date from which the
resource breakdown structure is available for use.

Optionally, provide a description and a date to which the planning resource breakdown structure is
available for use.

Select a project unit. Only projects created for the selected project unit can use this planning resource

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breakdown structure.

If you want to allow project managers to add planning resources at the project level, then select
the Allow resource changes at project level check box.

Tip: Changes at the project level don't move back to the parent planning resource breakdown structure.
Deselect this option to ensure all project using the planning resource breakdown structure use the same
resources.

Optionally, select a Job Set as a source of jobs for creating planning resources on your
planning resource breakdown structure.

Click Save.

Question #:2

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. Transfer price basis must be Raw Cost and calculation method must be Basis Only.

B. Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.

C. A document entry such as straight time must be enabled for cross-charge transactions.

D. Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.

Answer: A C

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-billing-configuration-de

Question #:3

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. spread evenly

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B. target percentage and prorate

C. target percentage and spread evenly

D. prorate

Answer: B

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjc/allocate-project-costs.html#OAP

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.

Question #:4

Your customer has implemented Oracle Project Portfolio Management Cloud recently and they have hired
new employees for their Professions Services business. These employees are set up in Oracle Human
Capital Management Cloud, but the Project Administrators are unable to add them as resources in the
Planning Resource Breakdown Structure.

What are three conditions for new employees to show up in the list? (Choose three.)

A. Current date is before the effective date of the resource, and you did not enable the “Include people with
future-dated effective start dates” option during the search.

B. All new employees created as persons must have an active supervisor.

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C. All new employees created as persons must be assigned to a department.

D. All new employees created as persons must have an active assignment.

E. All new employees created as persons must have an active project role.

Answer: A C D

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation-configuratio

Why can't I find persons in the list of resources when I enter team members, planning resources,
or person rate schedules?

You can't find persons in the list of resources when you enter team members, planning resources, or
person rate schedules in the following situations:

The administrator didn't assign a department while creating users. Persons must have an active
assignment and be assigned to a department in Oracle Fusion Human Capital Management before they
can be added as team members or entered as resources on the planning resource breakdown structure or
person rate schedule.

The resource isn't active in Oracle Fusion Human Capital Management because the current date is before
the effective date of the resource. If you want to include persons who will start in the future, select the
Include people with future-dated effective start dates option when you search for the person.

Persons assigned as project managers aren't active as of the project start date.

The assignment of the person is terminated, and an appropriate value isn't set for the number of days to
display people with terminated assignments. You can set the profile value appropriately at the site
profile level using the Specify Number of Days to Display People with Terminated Assignments task
in the Setup and Maintenance work area.

Question #:5

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

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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

Question #:6

Your customer has separate organizations to maintain indirect, capital, and billing types of projects.

Identify the two setups that can be used to fulfill this requirement. (Choose two.)

A. Project Type

B. Business Unit

C. Project Organization Classification

D. Organization Tree

E. Project Accounting Business Function

Answer: C D

Explanation
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1225328.htm

Question #:7

Your organization has been using project class categories and codes for reporting purposes and is set up at the
project level. You recently defined a new project type, Capital-Contract, and created new class categories
named Build, Operate, and Transfer (BOT) and Build, Transfer, and Maintain (BTM), with class codes of
Yes/No. But on creation of a project, you are unable to associate these class categories and codes.

Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)

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A. Class codes should be associated with a related set code.

B. Class categories should be assigned to business unit.

C. Class categories should be assigned to project type.

D. Class codes should be assigned to project unit.

Answer: A C

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundation-configuratio

Topic - Associating Project Types and Class Categories: Examples

Project classifications group your projects according to categories and codes that you define. When you
associate project classifications with project types, the classification is available for selection on projects with
that project type.

Use any of the following methods to associate class categories with project types:

Add a classification to the project type definition

For each classification that you associate with the project type, you can enable the Assign to All Projects
option to automatically add the classification to the project definition for all new projects with the project type.
When this option is enabled, all projects with this project type must be assigned a class code for the class
category.

Add a project type to the class category definition

Enable the Assign to all Project Types option on the class category definition

Question #:8

You have four resources in your organization: P, Q, R, and S.

Resource P – Project or resource calendar is active.

Resource Q – Project resource request dates are within the project or resource calendar effective dates.

Resource R – Resource calendar is complex, it does not contain seven days, and it contains more than one
pattern and shift.

Resource S – Number of working days within the requested date range is not zero on the project or
resource calendar.

Identify the resource for whom Resource Availability Capacity Score will not be calculated. (Choose the
best answer.)

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A. P

B. Q

C. R

D. S

Answer: C

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/evaluate-and-assign-resources.h

Topic - Resource Available Capacity Score: How It's Calculated

Calendars Used to Calculate Resource Available Capacity Scores

How the Resource Available Capacity Score Is Calculated

Question #:9

Your customer wants additional project information for detailed account balance maintenance,
reconciliation, and reporting. Identify the configuration in subledger accounting that can be set up to fulfill
this requirement. (Choose the best answer.)

A. Accounting Method

B. Journal Rules

C. Supporting References

D. Accounting Rule

E. Mapping Sets

Answer: C

Explanation
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125357.htm#OAPFM1125357

Assignment of Supporting References

Supporting references may be used to capture transaction values on journal entry lines. A supporting reference
can be used on a journal entry rule set only if it's assigned a source from the event class of the journal entry
rule set.

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Creating Supporting References: Explained

Supporting references are used to store additional source information about a subledger journal entry at the
line level.

Supporting references with balances establish subledger balances for a particular source and account for a
particular combination of supporting references plus the account combination.

For example:

If a journal line contains a supporting reference that includes two sources, Customer Type and Customer
Name.

Balances are created for the account combination, plus customer name and customer type.

Examples of how you may want to use supporting reference balances are to:

Facilitate reconciliation back to the subledgers and source systems by tagging journal entries with
transaction and reference attributes.

Create balances by dimensions not captured in the chart of accounts.

Reporting using dimensions not captured in the chart of accounts.

Enrich Oracle Fusion Business Intelligence Applications reporting on subledger journals.

Profit and loss balances by dimensions not captured in the chart of accounts

Define supporting references to hold additional supporting information for detailed account balance
maintenance or reconciliation and reporting requirements.

Question #:10

Your customer complains that their project resources do not report their time promptly, which has resulted in
incorrect reporting of project performance. What should you do to fix this problem? (Choose the best answer.)

A. Enable track missing time at project unit.

B. Enable track missing time at project type.

C. Enable track missing time at project template.

D. Enable track missing time at business unit.

Answer: A

Question #:11

Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types.

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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 with a revenue method classification of Rate Based.

C. Create a revenue method classification with a revenue method of Percent Spent.

D. Create a revenue method classification with a revenue method of Percent Complete.

Answer: B

Question #:12

You are trying to create a custom infolet but are not able to find the "Create Infolet" option in the Infolet
repository window. Which two steps should be completed before you can access the "Create Infolet" option?

A. You must activate Page Composer.

B. You should be on the Project Custom Objects page.

C. You must be in an active sandbox.

D. You should enable the "Create Infolet" option from the Personalize Springboard page.

Answer: A C

Explanation
Ref:
https://docs.oracle.com/cd/E83857_01/saas/applications-common/18b/oaext/page-modification.html#OAEXT16

Question #:13

What are three configuration items that you need to set up by using the Project Organizations functional
area in Project Financial Management configurations? (Choose three.)

A. Manage Project Unit Organizations

B. Mange Business Unit

C. Manage Project Organization Classifications

D. Mange Project Types

E. Manage Project Unit Options

Answer: A C E

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Explanation
Reference
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project-organizations.htm

Topic - Manage Project Unit Organizations

Question #:14

Using Oracle Time and Labor, your client wants to put in a validation process that allows only a certain
number of maximum hours an employee can charge in a day, and a minimum of hours he or she can report in a
week.

What feature would you use to meet this requirement? (Choose the best answer.)

A. project time validation rules

B. time calculation rules

C. time entry rules

D. time audit rules

Answer: C

Question #:15

Which setup option is common to both financial and project plan types?

A. Manage the options for creating control budgets in Oracle Fusion Budgetary Control.

B. Enable the entry of plan amounts in currencies other than the project currency.

C. Identify whether the plan type is the default selection when you create budget or forecast versions.

D. Enable the use of a workflow for managing budget or forecasting status changes.

Answer: B

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-control-configuration-m

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

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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.

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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.

Question #:16

Identify the three contract attributes from Project Performance Data that are used in Project
Performance dashboard regions. (Choose three.)

A. Expenditure Type

B. Projects

C. Contract Line

D. Contract Header

E. Task

Answer: B C E

Explanation
Reference https://docs.oracle.com/cloud/farel9/projectcs_gs/FAUAR/F1537947AN10251.htm

Question #:17

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

A. Position

B. Dynamic

C. Static

D. Flexfield

E. Job

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Answer: C

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-approval-management.html#FACI

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.

Question #:18

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. 900

C. 800

D. 600

Answer: B

Explanation
Budget 5,000Actuals 800Commitment 600

ETC = Budget – Actuals – Commitment

ETC = 5,000-800-600 = 3,600 Budget available for next 4 months = 3,600/4 = 900/month

Question #:19

You search for resources to fulfill a project resource request but are unable to proceed after receiving the
following error message: “The search for resources cannot be completed because the project resource search

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index is not available. Contact your help desk.”

Identify the cause for this error message. (Choose the best answer.)

A. The index is not in the process.

B. The index has been built.

C. The index is in the process of being updated.

D. The most recent update of the index finished successfully.

Answer: C

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/implementing-project-execution-

Topic – Submitting the Process to Maintain Project Resource Search Index: Procedure

Submit the Maintain Project Resource Search Index job set to update the resources that appear on the Search
and Evaluate Resources page when a resource manager searches for resources to fulfill project resource
requests. The job set consists of a set of processes that facilitate efficient and rapid searches for qualified
resources.

Resource managers can't search for resources or view resource details if the search index isn't available for a
project resource request with qualifications or keywords. For project resource requests without qualifications
and keywords, resource managers can search for and evaluate resources based on resource availability even
if the search index isn't current or available.

Caution: The search index isn't available if the Maintain Project Resource Search Index job set process fails,
or while the process is running.

Question #:20

Your organization has been awarded a new contract based on which you are allowed to sell:

Items not tracked in inventory

Inventory items

Services

Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)

A. Create two contract lines with a line type each of “free-form, project-based buy agreement” and “bundle
sell, project-based”.

B. Create two contract lines with a line type each of “sell intent, free-form, project-based” and “sell

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intent, item, project-based”.

C. Create two contract lines with a line type each of “product, project-based, sell agreement, standalone”
and “sell intent, item, project-based”.

D. Create two contract lines with a line type each of “sell intent, item, project-based’ and “subscription,
project-based, sell”.

Answer: B

Question #:21

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. Calendar Types

B. Project Accounting Periods

C. Accounting Periods

D. PA Calendar

E. PA-GL Periods

Answer: B C

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.

Question #:22

You want to create a few project roles so as to restrict access in the Project Financial Management work
area to only the specific projects in which an employee is assigned as a team member. What are the two
default project roles available to meet this requirement? (Choose two.)

A. Project Executive- Security based on Project Hierarchy

B. Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for
Revenue

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C. Project Manager- Security based on Project Assignment

D. Project Billing Specialist- Security based on Contract BU

E. Project Team Member- Security based on Project Assignment

Answer: C E

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracl

Question #:23

As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do
not seem to be right. Based on the calculations, you notice that the amounts calculated are not considering the
burden schedule override at a task level, which was done during the second month of the quarter. Identify the
reason for this problem. (Choose the best answer.)

A. Only new expenditure items charged to the task use the new burden schedule; expenditure items
processed earlier cannot be reprocessed.

B. Only new expenditure items charged to the task use the new burden schedule; expenditure items
processed earlier can be manually marked for reprocessing.

C. You can enable automatic reprocessing of expenditure items processed before the burden
schedule change.

D. All expenditure items charged to the task use the new burden schedule.

Answer: B

Explanation
Reference
https://docs.oracle.com/cloud/r13_update17b/projectcs_gs/OAPJC/OAPJC1071490.htm#OAPJC1071482

Question #:24

A project administrator is trying to assign a team member for a project but cannot find the person in the team
member list on the Project Definition page. What is the reason for this problem? (Choose the best answer.)

A. The employee is not assigned to the project-owning organization.

B. The employee is not assigned with a supervisor.

C. Project roles are not assigned in the project.

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D. The employee is not assigned to a department.

Answer: D

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation-configuratio

Why can't I find persons in the list of resources when I enter team members, planning resources,
or person rate schedules?

You can't find persons in the list of resources when you enter team members, planning resources, or
person rate schedules in the following situations:

The administrator didn't assign a department while creating users. Persons must have an active
assignment and be assigned to a department in Oracle Fusion Human Capital Management before they
can be added as team members or entered as resources on the planning resource breakdown structure or
person rate schedule.

The resource isn't active in Oracle Fusion Human Capital Management because the current date is before
the effective date of the resource. If you want to include persons who will start in the future, select the
Include people with future-dated effective start dates option when you search for the person.

Persons assigned as project managers aren't active as of the project start date.

The assignment of the person is terminated, and an appropriate value isn't set for the number of days to
display people with terminated assignments. You can set the profile value appropriately at the site
profile level using the Specify Number of Days to Display People with Terminated Assignments task
in the Setup and Maintenance work area.

Question #:25

Which two statements describe how the Resource Qualification Score is calculated?

A. An individual's score is 100% if the resource request has a qualification with a specified proficiency and
the resource does not have the qualification.

B. An individual's score is 100% if the resource request has a qualification, but no proficiency is specified,
and the resource has the qualification.

C. An individual's score is 100% if the resource request has a qualification with a specified proficiency and
the resource has the qualification that meets the specified proficiency.

D. An individual's score is 100% if the resource request has a qualification with a specified proficiency and
the resource has the qualification with a proficiency that is lower or higher than specified.

Answer: C D

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Question #:26

Identify two correct role templates available on the Oracle Entitlement Server to generate roles for Project
Organization Security. (Choose two.)

A. Project Manager Template for Project Organization Security

B. Project Administrator Template for Project Organization Security

C. Project Creator Template for Project Organization Security

D. Project Accountant Template for Project Organization Security

E. Project Billing Specialist Template for Project Organization Security

Answer: B C

Explanation
Reference
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracl

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

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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

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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

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Contracts

Award assignment

Principal Investigator

Project Financial Management

Project assignment

Question #:27

Which two attributes are available while enabling a task as a business object for social networking?

A. Task

B. Project Number

C. Task Number

D. Creation Date

E. Project

Answer: B C

Question #:28

You configure one OTBI using Project Cross Subject Area Analysis Real Time. You notice that all measures
(Budget, Forecast, Cost, Commitments, Revenue, and Invoice) are not available for Bill-To-Customer and
Contract and Contract Line dimensions. Identify the reason for this behavior. (Choose the best answer.)

A. The Bill-To-Customer dimension applies only to Invoice measures, but the Contract and Contract Line
dimensions do not apply to Revenue and Invoice measures.

B. The Bill-To-Customer dimension applies only to Revenue and Invoice measures.

C. The Contract and Contract Line dimensions apply only to Invoice measures.

D. The Bill-To-Customer dimension applies to Invoice measures, and the Contract and Contract Line
dimensions apply to Revenue and Invoice measures.

E. The Bill-To-Customer dimension does not apply to Invoice measures, but the Contract and Contract
Line dimensions apply only to Revenue and Invoice measures.

Answer: D

Explanation

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Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/faopm/subjectareas.html#Projects_

Analyze real-time information on project performance, including budgets, forecasts, costs, commitments,
revenue, and invoices.

This subject area analysis allows cross subject area analysis between Funding, Invoices, Revenue, Budget,
forecasts, Costs areas.

Question #:29

As part of maintaining (importing new employees that were added last week) project enterprise labor resources
in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update
resources based on changes In HCM. You define maintenance conditions on the Manage Project Enterprise
Labor Resource page to process both employees and contingent workers.

Which three are parameters that are based on which the system identifies the new resources?

A. Department

B. Project Unit

C. Jobs

D. Business Unit

E. Organization

Answer: C D E

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/fapfm/implementing-project-execution

Topic - Manage Maintenance Conditions for Project Enterprise Labor Resource

Question #:30

Which three setups can be configured by using Rapid Implementation for Project Financial Management
Applications?

A. Departments

B. Expenditure Types

C. Project Templates

D. Project Types

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Answer: A B D
Question #:31

In your customer site, the capitalized interest calculation is implemented on their project types. Which
option represents the costs considered in the interest calculation? (Choose the best answer.)

A. common costs on the project/task

B. expenditure type exclusions on the Capitalized Interest rate name

C. expenditure type exclusions on the Capitalized Interest rate schedules

D. expenditure items whose cost spreads across multiple assets that are capitalized

E. expenditure items whose costs are applied to a single asset or multiple assets

Answer: E

Explanation
Reference
https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_988B43C997365159E040D30A68813832

https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49622/F1125377AN61D92.htm

Question #:32

You create a project schedule with a Shifts element. Identify two more elements that can be part of a
project schedule. (Choose two.)

A. Exceptions

B. Accounting Calendar

C. Workday Patterns

D. Time Off

E. Expenditure Type

Answer: A C

Explanation
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1192914.htm

Topic – Creating Calendars for Projects and Resources: Procedure

Project Schedules are used as a base for project and resource calendars in Project Execution Management
applications. The smallest scheduling unit is a day. For example, you can define the number of hours in a day

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but, you can't schedule work for a specific time of the day.

The following are the elements of a schedule:

Shifts

Workday patterns

Exceptions

Question #:33

Which two statements are true about a project in “Draft” status? (Choose two.)

A. Project managers can view draft projects on the Project Manager Dashboard and use the projects for
requirements planning.

B. Project managers can neither view draft projects on the Project Manager Dashboard nor use the projects
for requirements planning.

C. Team members can see the tasks from draft projects on the Team Member Dashboard or in the
My Work area.

D. Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My
Work area.

Answer: A D

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.

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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.

Question #:34

Select two correct statements about project classifications on a template. (Choose two.)

A. Set Code is not required for a project class category in a project classification.

B. Project Classification is a mandatory field on a project template.

C. When a project is created from a template, the required project classifications must be entered.

D. Project class category in a project classification must be associated with a Set Code.

Answer: A C

Question #:35

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. Accounting date is the same as the original invoice date.

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B. Project accounting date is the same as the original invoice date.

C. Project accounting date is the first day of the first open project accounting period.

D. Project accounting date is the last day of the open project accounting period.

E. Accounting date is the first day of the first open accounting period.

Answer: B E

Question #:36

You are trying to create a project purchase order (PO) but you are unable to select Expenditure Organization
in the PO. Identify two reasons for this problem. (Choose two.)

A. The organization is not classified as a project-owning organization.

B. The organization is not classified as a project expenditure organization.

C. The organization is not included in the organization tree that is assigned to the business unit that owns
the PO.

D. The organization is classified as a project unit.

Answer: B C

Explanation
Ref: Implementing-Project-Financial-Management-and-Grants-

Management.pdf Chapter 3 – Define Project Organizations Page # 12

Topic – Selecting Organization Hierarchies for the Business Unit

The following conditions are required for an organization to be eligible to be a project expenditure
organization:

You must assign the Project Expenditure Organization classification to the organization.

The organization must belong to the hierarchy that you specify in the project implementation options for
the business unit.

Question #:37

Your customer has the following setups on the project plan type that they are using for their projects:

Use Task Planned Dates as Task Assignment Dates = Yes

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Automatically Roll Up Task Planned Dates = Yes

Synchronize Task Transaction Dates with Planned Dates = No

With these setups in place, you perform the following actions:

1. Create a new subtask (Sub Task 1) with a start date of 15-Jun-2016 on the project that has as start date of
01-Jul-2016.

2. Create another new subtask (Sub Task 2) after the previous action is saved.

What would the correct behavior of the application be after these actions? (Choose the best answer.)

A. After the creation of Sub Task 1, Project Start Date would remain unchanged as 01-Jul-2016 and
Sub Task 2 would be created with 15-Jun-2016.

B. After the creation and saving of Sub Task 1, Task Start Date would be changed to 01-Jul-2016 and Sub
Task 2 would be created with 01-Jul-2016.

C. After the creation of Sub Task 1, Project Start Date would be changed to 15-Jun-2016 and Sub Task 2
would be created with 15-Jun-2016.

D. Project Start Date would remain unchanged as 01-Jul-2016 for both actions but the start dates on both
subtasks would remain 15-Jun-2016.

Answer: C

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/manage-project-plan-tasks-and-ta

Question #:38

When scheduling the Update Project Performance Data process to run on a periodic basis,
which summarization method would you select? (Choose the best answer.)

A. Bulk

B. Detail

C. Incremental

D. Summary

Answer: C

Explanation
Reference

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https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project-organizations.htm

Settings That Affect Performance Data Summarization

You can summarize performance data for a project unit, business unit, a range of projects, or projects managed
by a project manager. When you run the Update Project Performance Data process from the Scheduled
Processes page, select one of the summarization methods from the following table:

Summarization Method

Usage

Incremental

Summarizes new transactions that are yet to be summarized

Delete and re-summarize

Correct summary data when the source system data changes outside the regular transaction flow.

Do not use this summarization method when you run the Update Project Performance Data Without
Producing Report process unless you are advised to do so.

Resource breakdown structure

Migrate all summary data from one resource breakdown structure version to the next.

If you select this option, you must also specify the resource breakdown structure header.

Question #:39

A consulting services company is currently working on a business transformation project for your client,
which spans multiple years. At the first period close, the consulting services company has recognized revenue
and the accounting entry created is:

Dr Unbilled Receivables 40,000

Cr Revenue 40,000

At the end of the period, the client is sent an associated bill. What would be the corresponding invoice
accounting entry? (Choose the best answer.)

A. Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000

B. Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000

C. Dr Accounts Receivables 40,000Cr Revenue 40,000

D. Dr Unearned Revenue 40,000Cr Revenue 40,000

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Answer: B

Question #:40

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 one branch contains a user-defined resource type, precedence is given to the branch that contains
a user-defined resource type.

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 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.

Answer: C D

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 rules to associate cost amounts 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.

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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.

Question #:41

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. Cost

C. Manual Entry

D. Remaining Plan

Answer: B

Explanation
Reference https://ppm-help.saas.hpe.com/en/9.42/Help/Content/UG/PjMUG/view_pj_cost_data_costtab.htm

Below is an example of the Financial Summary view on the Cost tab of the Project Overview page.

https://admhelp.microfocus.com/ppm/en/9.42/Help/Content/UG/PjMUG/images/ProjectOverviewPage_CostTab

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Question #:42

Your company uses an accounting calendar with periods that are identical to calendar months. A contract
resource has been identified to work for six months on an accounting close cycle project. The resource is

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planned to start with 10 days left in the first period and to end 20 days into the last period. For the remaining
periods, the resource must be loaded on all working days of the month. You are required to distribute the
budget, forecast, and planning amounts across periods based on the task duration.

Which predefined spread curve must be used to meet this requirement? (Choose the best answer.)

A. Daily Spread Basis

B. Back Loaded

C. Bell Curve

D. S-Curve

E. Even

Answer: A

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-control-configuration-m

Predefined Spread Curves

Name

Description

Dist. Factors

Even

Linear distribution of financial or project plan values across periods.

10-10-10-10-10-10-10-10-10-10

Prorated Even

Linear distribution of financial or project plan values across periods, with an exception of the first period and
last period in the financial plan. Financial or project plan values for the first period and last period are
prorated based on the number of days in the period.

10-10-10-10-10-10-10-10-10-10

Back Loaded

Back-loaded distribution of financial or project plan values across periods. Assigned amounts increase over
succeeding periods.

0-5-10-15-20-25-30-35-40-45

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Front Loaded

Front-loaded distribution of financial or project plan values across periods. Assigned amounts decrease
over succeeding periods.

45-40-35-30-25-20-15-10-5-0

S Curve

S-shaped distribution of financial or project plan values across periods.

18-10-8-10-15-17-18-17-15-8

Bell Curve

Bell-shaped distribution of financial or project plan values across periods. Assignment of plan values
is highest in the middle periods.

0-4-10-12-14-12-10-4-0-0

Daily Spread Analysis

Spread is based upon the number of days in each financial period throughout the duration of the task
assignment. Amounts are proportionally distributed throughout all periods for the duration of the
task assignment

None

Question #:43

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 type information available on the distribution set line.

B. There is no expenditure organization information available on the distribution set line.

C. There is no expenditure item date information available on the distribution set line.

D. The account code combination is not available on the distribution set line.

Answer: C

Explanation

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Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/18c/oapfm/project-costing-configuration-de

How can I validate distribution sets for projects information?

Oracle Fusion Projects performs validations on Oracle Fusion Payables distribution sets for payables invoices
at the time you create the actual distribution set lines. It validates the project and task number during the
invoice validation.

Distribution sets are typically used on recurring transactions, and the associated project does not have
transaction controls. When you create a distribution set in Oracle Fusion Payables, the distribution set line is
not validated against the project transaction controls in Oracle Fusion Projects because you do not enter an
expenditure item date, which is required for transaction control validation. The expenditure item date is not
provided because you use the distribution sets for an indefinite period of time.

Question #:44

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. only one labor resource assignment with 100 effort

B. lowest-level tasks set up with non-zero duration

C. lowest-level tasks set up with zero duration

D. only one labor resource assignment with 0 effort

E. percent work complete values of 0 or 100 percent

Answer: C D E

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.

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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.

Question #:45

Your customer wants to perform billing based on the Percent Spent invoice method. Identify two setups that
are required in project contracts for calculating invoice amounts as per their requirement. (Choose two.)

A. billing events

B. bill plan

C. expenditure items

D. billing controls

E. invoice method

Answer: B D

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/create-customer-contract.html#O

Bill Plan – Create a bill plan within a contract that uses the invoice method you require. Assign the bill plan to
one or more contract lines. A set of instructions on a contract that define how to invoice a customer. Multiple
contract lines on a contract can use the same or different bill plans. Invoice Method is used in creating Bill
Plan – not a separate setup.

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Billing Controls – Contract feature that controls the types of transactions, dates, and amounts a customer may
be invoiced for and revenue can be recognized for a contract or contract line. Define billing controls at the
contract or contract line level.

Topic - Creating a Contract for Percent Spent Invoice and Revenue Methods: Worked Example

This example describes a scenario where transactions for a contract line need to be invoiced and the
revenue recognized using the percent spent method.

What are the revenue and invoice method classifications?Percent Spent

What is the billing extension calculation level for the contract line and project association?Project level

Summary of the Tasks

Create a contract, create the percent spent contract lines, create the bill plan, create the revenue plan.

Prerequisites

Create a project.

Create the project plan for percent spent revenue. Specify the plan type on the percent spent billing
extension.

Create an approved cost budget.

Create cost and burden rates.

Enter labor and expense transactions for the project.

Collect costs for the transactions.

Configuration Steps

Creating the Contract

Creating the Percent Spent Contract Lines

Creating the Bill Plan - A set of instructions on a contract that define how to invoice a customer.
Multiple contract lines on a contract can use the same or different bill plans.

Creating the Revenue Plan - Common set of instructions for recognizing revenue within a contract.
Multiple contract lines on a contract can use the same or different revenue plans.

Invoice method classifications determine how transactions are invoiced. The invoice method determines
how invoice amounts are derived.

Enter an invoice method on a bill plan, which you create for a contract and assign to contract lines to
provide a set of instructions for creating an invoice.

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Create billing controls for a contract or contract line to define the valid transaction dates, billing
resources, and amount limits for transactions associated with the contract.

Generate invoices to calculate the invoice amounts for a contract.

The following figure illustrates the components of a project and a contract that determine invoice amounts, and
the relationships between the components.

Project and contract components used to determine invoice amounts and generate invoices.

Question #:46

In a Project Draft Invoice preview, quantity (hours) and unit price (bill rate) are shown as fields on the invoice.
Quantity and unit price are then used to calculate the line total, then the total price of the invoice. After the
invoice is transferred or created in Receivables, the invoice detail has a quantity of 1, and a unit price equal to
the line total. The detailed Unit Price/Quantity does not come through on the Receivables invoice.

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Identify the correct statement about details in the receivables invoice. (Choose the best answer.)

A. The project sends only the invoice header and invoice line description to Receivables, not the invoice
distributions.

B. The project sends the invoice header, invoice line description, and the invoice distributions to
Receivables.

C. The project sends only the invoice header to Receivables, not the invoice line description
and distributions.

D. The project sends the invoice line description and the invoice distributions to Receivables, but not the
invoice header.

Answer: B

Question #:47

You recently made some changes to a project contract and the current status of the contract is Under
Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the
best answer.)

A. On Hold > Pending Acceptance > Active

B. On Hold > Pending Approval > Active

C. Pending Approval > Pending Acceptance > Active

D. Pending Acceptance > Pending Approval > Active

Answer: C

Explanation
Reference https://docs.oracle.com/cloud/latest/common/FASCC/FASCC1124283.htm

Topic - Contract Actions and Status Changes: Explained

Question #:48

You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? (Choose two.)

A. Enter progress for tasks.

B. Receive email notifications about changes that team members make to a task.

C. View task details and the task activity stream.

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D. Edit task details.

Answer: B C

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/execute-project-tasks-and-deliv

Followers are persons who aren't working on the task but have an interest in reviewing the task progress. Only
the resources and other followers can add followers to a task. If a resource assigns the task to another team
member, the application automatically changes the original resource to a follower.

What's the difference between my tasks and tasks that I follow?

You can edit task details and enter progress for your tasks on the Manage Tasks page. If a task has
multiple resources, only the primary resource can edit the task.

When you follow a task, you can view the task details and see the task activity stream. You receive
e-mail notifications of changes that team members make to the task.

If a resource reassigns the task to another team member, then the previous resource automatically
becomes a follower.

Question #:49

Which four notification templates are predefined?

A. Password Reset Template

B. New Account Template

C. Forgot Password Template

D. Forgot Username Template

E. New Account Manager Template

Answer: A B D E

Explanation
https://docs.oracle.com/en/cloud/saas/sales/18c/oscus/setting-up-applications-security.html#OSCUS2287154

Predefined Notification Templates

Notification Template

Description

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Password Expiry Warning Template

Warns the user that a password is expiring soon and provides instructions for resetting the

password. Password Expiration Template

Notifies the user that a password has expired and provides instructions for resetting the password.

Forgot User Name Template

Sends the user name to a user who requested the reminder.

Password Generated Template

Notifies the user that a password has been generated automatically and provides instructions for resetting
the password.

Password Reset Template

Sends a reset-password link to a user who requested a new password.

Users can request new passwords by selecting the Forgot Password link on the application Sign In page, or
by selecting the Password option on the Preferences page (Settings and Actions > Set Preferences).

Password Reset Confirmation Template

Notifies the user when a password has been reset.

New Account Template

Notifies a user when a user account is created and provides a reset-password link.

New Account Manager Template

Notifies the user's manager when a user account is created.

When you create a user category, it's associated automatically with the predefined notification
templates, which are all enabled.

You can't edit the predefined templates. However, you can create templates and disable the predefined
versions. Each predefined event can be associated with only one enabled notification template at a time.

Question #:50

Identify the attribute of a project type that determines if expenditure items are billable, and the amount
type to be used as the basis for transfer pricing. (Choose the best answer.)

A. work type

B. event type

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C. cost type

D. expenditure type

Answer: A

Explanation
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125361.htm#OAPFM1125277
(what’s a work type?)

In billing, you can use work types to classify work for the following purposes:

To determine the default billable status of expenditure items.

To classify cross-charge amounts into cost and revenue for cross-charge transactions.

Tip: To use work types to determine whether an expenditure item is billable you must set the profile option
Work Type Derived for Expenditure Item to Yes.

When you create or import expenditure items, the default work type is inherited from the associated task.
Tasks, in turn, inherit work type values from parent tasks and ultimately from the project. Project types
determine the default work type value for projects and project templates.

Question #:51

Your customer wants to automatically allocate unassigned asset lines and common costs across multiple assets
based on the construction-in-process cost of each asset. Identify the asset allocation method that you must use as
the default method while configuring project types to meet this requirement. (Choose the best answer.)

A. Standard Unit Cost

B. Actual Unit

C. Current Cost

D. Estimated Cost

E. Spread Evenly

Answer: C

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundation-configuratio

Topic – Asset Cost Allocation Methods: Explained

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The asset cost allocation method determines how indirect or common costs incurred on a project are
allocated to multiple assets.

You can specify an asset cost allocation method to enable Oracle Fusion Project Costing to automatically
allocate unassigned asset lines and common costs across multiple assets. Unassigned asset lines typically occur
when more than one asset is assigned to an asset grouping level.

Projects and project templates inherit a default asset cost allocation method from the associated project type.
You can override the default at the project level. If you use capital events to allocate costs, then you can
also override the asset cost allocation method at the event level.

The following table describes the available asset cost allocation methods.

Method

Basis of Cost Allocation

Actual Units

Number of units defined for each asset

Current Cost

Construction-in-process (CIP) cost of each asset

Estimated Cost

Estimated cost of each asset

Standard Unit Cost

Combination of the standard unit cost and the number of units defined for each asset

Spread Evenly

Equal allocation of cost to each asset

Question #:52

Identify three correct statements about project types. (Choose three.)

A. Project type can be used as a source in subledger accounting.

B. Project type can be enabled for both billing and capitalization.

C. Summarization options can be specified at project type.

D. Classifications can be assigned at project type.

E. Project type can be associated with multiple project units.

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Answer: A B D

Question #:53

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-portfo

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

Question #:54

You have a billable project for which the following details are provided:

Associated Inception-To-Date (ITD) Project Actual Cost: USD 60

Associated Project Budgeted Cost: USD 300

Contract Amount: USD 1000

Project Funded Amount: USD 750

Sum of Existing Revenue Events: USD 80

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Identify the Associated Project Spent revenue that will get generated based on the preceding details.
(Choose the best answer.)

A. USD 184

B. USD 120

C. USD 134

D. USD 70

Answer: D

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/manage-project-contract-revenue

Associated Project Percent Spent Example

The following formula calculates the percent spent revenue for the associated project.

((Sum of ITD Actual Cost for every subtask that is part of the associated task / Sum of Total Budgeted cost for
every task that is part of associated task)

x Associated Project Funded Amount) – Sum of Existing Invoice Event Amounts for the Associated Project

((60/300) x 750) – 80 = 70

((Actual Cost / Budgeted Cost) x Budgeted Revenue) – Sum of Revenue Event Amount

Question #:55

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 used Create Tree in the action menu.

B. You used Create Tree Version in the action menu.

C. You used View Tree Version in the action menu.

D. You selected the Edit icon for opening the hierarchy.

E. You opened the hierarchy by clicking the name.

Answer: A D

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Question #:56

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. Rate Based

C. As Incurred

D. Percent Complete

Answer: A

Explanation
Reference https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJB/F1087458AN139C2.htm

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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.

Question #:57

Your customer accounts revenue based on, product class category. Because all your customer's projects are
funded by private and government institutions, they decide to classify all projects based on their funding
source to accurately report on revenue in General Ledger. Accordingly, you create a new class category
“Funding Source” and assign it to all projects. However, you notice that the accounting is still happening
based on product class category. Identify the reason for this problem. (Choose the best answer.)

A. Funding source class category is assigned to all project types.

B. Funding source class category is not enabled for “available as accounting source”.

C. Product class category is not enabled for “available as accounting source”.

D. Funding source class category is enabled for “available as accounting source”.

Answer: B

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation-configuratio

Topic - Manage Project Class Categories

Setting Up Class Categories: Points to Consider

Available as Accounting Source

This option indicates if the class category is available as an accounting source so that Oracle Fusion Subledger
Accounting can use the category to create mapping sets, account rules, journal line rules, and description rules.

Only one class category at a time is available as an accounting source in Oracle Fusion Subledger Accounting.
To change the class category that Oracle Fusion Subledger Accounting uses, deactivate the old class category
and create a new one with a different date range.

Question #:58

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.)

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A. Cascade change to the start date.

B. Do not cascade date changes.

C. Cascade change to the finish date.

D. Cascade change to the start date and the finish date.

Answer: A

Explanation
Reference
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-control-configuration-m

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.

Question #:59

After completing setups in a source environment, your customer wants to move the setup data to a target
environment. Identify the two statements related to task list scope, which you must consider before taking a
decision based on the customer requirement. (Choose two.)

A. Exported setup data can be filtered by specific scope values if the business object has scope enabled for
the setup data export.

B. Exported setup data cannot be filtered by specific scope values if the business object has scope
enabled for the setup data export.

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C. A scope value is used to assign users who can perform a task within an implementation project.

D. A task list can be segmented by a scope value and a task can be performed for each qualifying value of
the selected object.

Answer: A D

Explanation
Reference https://docs.oracle.com/cd/E60665_01/common/OAFSM/OAFSM1166430.htm#OAFSM1166426

Question #:60

Identify the precedence order in which cost rates are determined for a planning resource when deriving
raw costs for rate-based planning resources. (Choose the best answer.)

A. Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule

B. Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate

C. Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule

D. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule

E. Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule

Answer: D

Explanation
Reference
https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_8718794B26A7BB93E040D30A688149A3

Question #:61

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. The corresponding Oracle Payables Cloud accounting period has not been closed.

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.

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E. Unaccounted transactions have not been swept to the next period.

Answer: B E

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

Question #:62

As part of maintaining (importing new employees that were added last week) project enterprise labor resources
in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update
resources based on changes in HCM. You define maintenance conditions on the Manage Project Enterprise
Labor Resource page to process both employees and contingent workers. (Choose the best answer.)

A. Pool Membership

B. attributes that the project enterprise resources are assigned after creation

C. Jobs

D. Person Type

Answer: D

Explanation
Reference https://docs.oracle.com/cloud/farel8/projectcs_gs/OAPEX/F1082603AN23E61.htm

Manage Project Enterprise Labor Resource Maintenance Conditions

Project Enterprise Labor Resources: How They Are Automatically Created and Maintained

Run the Maintain Project Enterprise Labor Resources process to create resources, remove resource
availability for staffing, and maintain the resource search index.

Settings That Affect the Maintain Project Enterprise Labor Resources Process

Create and maintain project enterprise labor resources by defining a set of conditions that specify the
employees and contingent workers in Oracle Fusion Human Capital Management (HCM) to create as
resources in Oracle Fusion Project Portfolio Management. Define the resource attribute values, such as the
resource calendar and primary project role, to assign to the new resources.

The following table lists the criteria that you define for selecting HCM persons to create as project enterprise
labor resources.

Selection Criteria

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Description

Person type

Select the HCM person type for the process to use as criteria when selecting HCM persons to create as
resources. Available person types are employees, contingent workers, or both employees and contingent
workers.

Option to select people based on job

Select this option for the process to create resources for HCM persons with specific jobs.

Caution If you do not select job criteria for this condition, the process will create resources for all
eligible people based only on the person type.

Jobs

If you selected the option to select people based on job, then select the jobs for the process to use as
HCM person selection criteria.

The following table lists the attributes for which you specify values to assign to resources that are created
for the condition.

Resource Attribute

Description

Option to manage resource availability and staffing

Select this option for resource managers to manage the availability and project staffing of resources who are
created based on the condition. Resources who are managed in Oracle Fusion Project Resource
Management are eligible to fulfill project resource requests.

Calendar

Select the resource calendar for resources that are created based on the condition. The resource calendar
defines the work schedule for project enterprise labor resources, and includes working days and hours and any
exceptions, such as holidays.

Primary project role

Select the primary project role for resources that are created based on the condition. Project roles are
maintained in Oracle Fusion Project Management.

Cost rate and currency

Enter the cost rate and currency for resources that are created based on the condition.

Bill rate and currency

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Enter the bill rate and currency for resources that are created based on the condition.

Question #:63

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. (Choose two.)

A. 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.

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 Project Allocation hours divided by Project FTE hours, if
project duration 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: A B

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

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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.

Question #:64

Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit
specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for
payment terms consists of only one set of data: the set that is assigned to the transaction's business unit.

Which reference data sharing method would you set up to meet the customer requirement? (Choose the best
answer.)

A. assignment to one set only with common values

B. assignment to one set only; no common values allowed

C. assignment to multiple sets; common values allowed

D. assignment to multiple sets; no common values allowed

Answer: D

Explanation
Reference
https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-enterprise-structures.html#FACIA4

Reference Data Sharing Methods

Variations exist in the methods used to share data in reference data sets across different types of objects.
The following list identifies the methods:

Assignment to one set only, no common values allowed. This method is the simplest form of sharing
reference data that allows assigning a reference data object instance to one and only one set. For
example, Asset Prorate Conventions are defined and assigned to only one reference data set. This set can
be shared across multiple asset books, but all the values are contained only in this one set.

Assignment to one set only, with common values. This method is the most commonly used method of
sharing reference data that allows defining reference data object instance across all sets. For example,
Receivables Transaction Types are assigned to a common set that is available to all the business units. You
need not explicitly assign the transaction types to each business unit. In addition, you can assign a business
unit-specific set of transaction types. At transaction entry, the list of values for transaction types includes
the following:

Transaction types from the set assigned to the business unit.

Transaction types assigned to the common set that is shared across all business units.

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Assignment to multiple sets, no common values allowed. The method of sharing reference data that allows a
reference data object instance to be assigned to multiple sets. For instance, Payables Payment Terms use this
method. It means that each payment term can be assigned to one or more than one set. For example, you assign
the payment term Net 30 to several sets but assign Net 15 to a set specific only to your business unit. At
transaction entry, the list of values for payment terms consists of only the set that is assigned to the
transaction's business unit.

Note: Oracle Fusion Applications contains a reference data set called Enterprise. Define any reference
data that affects your entire enterprise in this set. Also update the data set going forward as you create new
reference data items.

Question #:65

Identify three correct statements about the integration of Primavera P6 Enterprise Project
Portfolio Management and Oracle Project Portfolio Management Cloud. (Choose three.)

A. Event completion flows from Primavera P6 Enterprise Project Portfolio Management to Oracle Project
Portfolio Management Cloud.

B. Billing events flow from Primavera P6 Enterprise Project Portfolio Management to Oracle
Project Portfolio Management Cloud.

C. Summarized actual quantity and cost flow from Oracle Project Portfolio Management Cloud to
Primavera P6 Enterprise Project Portfolio Management.

D. Projects and task definitions flow from Oracle Project Portfolio Management Cloud to Primavera P6
Enterprise Project Portfolio Management.

E. Project plans and progress flow from Oracle Project Portfolio Management Cloud to Primavera P6
Enterprise Project Portfolio Management.

Answer: A C D

Explanation
Ref: https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49622/F1125394AN6D254.htm

Primavera P6 Enterprise Project Portfolio Management and Oracle Fusion Project Portfolio Management:
How They Work TogetherUse Oracle Fusion Project Integration Gateway to integrate Oracle Fusion Project
Portfolio Management with Primavera P6 Enterprise Project Portfolio Management. The integration enables
project accountants, project billing specialists, and executives to centrally perform project costing, billing,
accounting, and executive reporting tasks in Oracle Fusion Project Portfolio Management while enabling
each project manager to perform detailed project planning and scheduling in Primavera P6 Enterprise
Project Portfolio Management.

Oracle Fusion Project Integration Gateway ensures data security, integrity, and efficiency by defining a set
framework in which data is exported from and imported into Oracle Fusion Project Portfolio Management.

The following table and diagram provide an overview of the flow of information.

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Information Type

From Application

To Application

Global integration information

Oracle Fusion Project Portfolio Management

Primavera P6 Enterprise Project Portfolio Management

Projects and task definition

Oracle Fusion Project Portfolio Management

Primavera P6 Enterprise Project Portfolio Management

Summarized project actual quantity and cost

Oracle Fusion Project Portfolio Management

Primavera P6 Enterprise Project Portfolio Management

Project plans and progress

Primavera P6 Enterprise Project Portfolio Management

Oracle Fusion Project Portfolio Management

Billing events

Oracle Fusion Project Portfolio Management

Primavera P6 Enterprise Project Portfolio Management

Event completion

Primavera P6 Enterprise Project Portfolio Management

Oracle Fusion Project Portfolio Management

Question #:66

Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts
and contract lines? (Choose the best answer.)

A. Project Contract-based costing

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B. Project Contract-based billing

C. Project Contract Collection Center

D. Contract Team Connect

Answer: B

Explanation
Reference
http://www.oracle.com/us/products/applications/fusion/fusion-proj-port-mang-solut-brief-173079.pdf

(Page 2) Flexible Contract-Based Billing

Traditional contract and billing systems enforce a rigid relationship between a project and a funding
agreement, which can constrain project setup and execution. Oracle Fusion Project Portfolio Management
provides a highly flexible approach to project contract-based billing via a non-exclusive

relationship between multiple projects and tasks with contracts and contract lines. This means that you
will have full control over defining contracts, rates and limits, and when and how to recognize revenue and
generate invoices while segregating the planning and execution of your projects.

Question #:67

Which two statements are true about the cross-charge method, Borrowed and Lent?

A. This method creates accounting entries that move an amount equal to the transfer price between the
provider and receiver organizations within a legal entity.

B. Costs or revenue are shared based on transfer price rules with this method.

C. You must set up the contract business unit to use this method.

D. This method creates a formal internal invoice.

Answer: A B

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjc/process-project-cost-transactions

What's a borrowed and lent processing method?

A method of processing cross-charge transactions that generates accounting entries to share revenue or
transfer costs from the provider organization to the receiver organization within a legal entity. An internal
invoice isn' t created but costs or revenue are shared based on the transfer price rules. This method
provides a financial view of the performance of an organization.

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Question #:68

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. Create an execution project.

D. Create project tasks for backlog items.

E. Manage your list of backlog items.

Answer: B D E

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

Question #:69

Which application generates external roles to grant both function and data security? (Choose the best answer
.)

A. Authorization Policy Manager

B. Oracle Identity Manager

C. Business Process Manager

D. Functional Setup Manager

Answer: B

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Explanation
Authorization Policy Manager (APM)

APM greatly simplifies the creation, configuration, and administration of application policies

APM does not support the management of users and external roles; these artifacts can only be viewed with
the tool. Their provision and management is typically accomplished using Oracle Identity Manager

Oracle Identity Manager (OIM)

In regard to enterprise users and external roles, Authorization Policy Manager provides viewing and searching
functionality only. To manage users and external roles, use Oracle Identity Manager or some other identity
management tool.

OIM provision users, roles, and defines what a user can do in Oracle Cloud

Duty Roles are mapped to jobs and assigned access privileges (Data Security)

Question #:70

You are now the project manager of a newly created implementation project. Which two items are not part of
managing an implementation project?

A. Assign tasks to various users who are responsible for managing setup data.

B. Monitor the progress of completing setup tasks.

C. Select the offering you want to implement.

D. Generate a list of setup tasks.

E. Enable optional functional areas and features by opting in.

Answer: A D

Question #:71

Your client is involved in automation control systems installation. Over the years, they have analyzed their
total project spend on specific resource classes. They have identified that their cost spread distribution
factor on a 10 spread point scale resembles:

0-4-10-11-14-13-10-4-0-0. Identify two ways to handle this kind of a spread on their budgets and forecasts. (
Choose two)

A. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach
to a project template.

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B. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach
to the resource class.

C. Use the predefined Bell Curve spread with small deviations on the spread points.

D. Use the predefined S-Curve spread with small deviations on the spread points.

Answer: B C

Question #:72

Which three features are part of Oracle Fusion Functional Setup Manager?

A. feature opt-in for a best fit configuration

B. export and import services for setup data migration between environments

C. guided task list for end-to-end setup requirements

D. updating an implementation project task list by changing the opt-in configuration to suit the latest
requirements

E. modifying an existing implementation project task list by selecting more functional areas when needed

Answer: A B C

Explanation
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/oafsm/applications-cloud-using-func

Functional Setup Manager offers the following:

• Standardized application configuration and setup experience

• Feature opt-in for a best fit configuration

• Flexible processes for managing setup:

Setup by functional areas for an adopt-as-you-go approach

Implementation projects to manage setup

Upload file to enter setup data in bulk

• Guided task list for end-to-end setup requirements

• Export and import services for setup data migration between environments

• Comprehensive reporting on setup data

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Question #:73

Your customer wants a team member who is assigned to a project to be able to create and submit a forecast,
but not to be able to approve the forecast. What is the default project role that you should assign to the
person in the project to meet this requirement? (Choose the best answer.)

A. Project Manager

B. Project Administrator

C. Project Application Administrator

D. Project Accountant

Answer: B

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjm/project-administrator-job-role.ht

Project Manager has duty role ‘Project Forecast Approval Duty’ assigned but

Project Administrator has duty role ‘Project Forecast Inquiry Duty’ – no approval authority

Both roles have duty role ‘Project Forecast Management Duty’ which enables them to Allow creation,
submission, update, and deletion of working versions of project forecasts. (Cloud _Roles_Duties.xlsx)

Question #:74

While creating a new project template, you notice that a default Asset Cost Allocation method is being
automatically associated. Identify the source setup from which the default value is being inherited. (Choose
the best answer.)

A. project classification

B. project type

C. project unit

D. project organization

Answer: B

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/define-project.html#OAPJF2201

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Asset Cost Allocation Methods

The asset cost allocation method determines how indirect or common costs incurred on a project are
allocated to multiple assets.

You can specify an asset cost allocation method to enable Oracle Fusion Project Costing to automatically
allocate unassigned asset lines and common costs across multiple assets. Unassigned asset lines typically occur
when more than one asset is assigned to an asset grouping level.

Projects and project templates inherit a default asset cost allocation method from the associated project type.
You can override the default at the project level. If you use capital events to allocate costs, then you can
also override the asset cost allocation method at the event level

Asset Cost Allocation Methods

The following table describes the available asset cost allocation methods.

Method

Basis of Cost Allocation

Actual Units

Number of units defined for each asset

Current Cost

Construction-in-process (CIP) cost of each asset

Estimated Cost

Estimated cost of each asset

Standard Unit Cost

Combination of the standard unit cost and the number of units defined for each asset

Spread Evenly

Equal allocation of cost to each asset

Question #:75

You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle
Project Portfolio Management with tasks and subtasks applicable to each of the phases of the project:
Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want to define deliverables
for your project requirements that are elucidated during the Discovery phase of your project. You now want to
understand how the inheritance between requirements, tasks, and deliverables works. Identify the two correct
statements in this respect. (Choose two.)

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A. A deliverable associated with a requirement is automatically associated with the tasks created for
that requirement.

B. The association of a deliverable with a task is dependent on associating a requirement with a task.

C. A deliverable associated with a requirement is not automatically associated with the tasks created for
that requirement.

D. You associate a deliverable with a task, independent of associating a requirement with a task.

Answer: C D

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapem/define-project-deliverables.html

Associate deliverables with one or many tasks or requirements at any level. Associate existing deliverables to
tasks or requirements or create deliverables directly for tasks or requirements. You can delete a deliverable in
New status if it is not associated with tasks or requirements.

Can deliverables for projects and tasks be inherited from associated requirements?

No. A deliverable associated with a requirement is not automatically associated with the tasks created for
that requirement.

You associate a deliverable with a task, independent of associating a requirement with a task.

Question #:76

You have defined two expenditure types, but they are not available for selection when you enter an
expenditure batch. Identify the reason for this problem. (Choose the best answer.)

A. The two expenditure types are not assigned to the reference data set that is assigned to the project unit
in which the transaction is performed.

B. The two expenditure types are not assigned to the reference data set that is assigned to
the project-owning organization in which the transaction is performed.

C. The two expenditure types are not assigned to the reference data set that is assigned to the project
expenditure organization in which the transaction is performed.

D. The two expenditure types are not assigned to the reference data set that is assigned to the business unit
in which the transaction is performed.

Answer: A

Explanation
Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf (19A Part # F11256-01)

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Chapter 3 – Define Project Organizations

Topic - Set Assignments and Project Data – How They Work Together (Page 29)

Business Unit as Set Determinant

Business units enable you to control and report on financial transactions, usually for specific geographical
entities within the enterprise. For project management purposes, assign the Project Accounting business
function to the business unit.

Business unit is a set determinant for the project-related reference data objects described in the following table.

Ref Data Object

Entities

Project Accounting Definition

Project Types

Project Rates

Project rate schedules

Project Unit as Set Determinant

Use project units to enforce consistent project management practices across your enterprise. Project unit is
a set determinant for the reference data objects described in the following table.

Ref Data Object

Entities

Project Definition

Class codes, financial plan types, project plan types and project roles

Project Transaction Types

Expenditure types and work types

You can only select class codes, plan types, roles, expenditure types and work types that are assigned to the
same set as the project unit. To enable expenditure types and work types for use on projects owned by a
project unit, assign the set associated with the Project Transaction Types reference data object to those entities

Question #:77

Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page.
An HCM person is included in a condition with a process order value of 1 and, additionally, there are three

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other conditions, all with a process order value of 10. Identify two correct statements about the Maintain
Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

A. The process creates a resource by using the conditions with a process order value of 10 but does not
create more than one resource for the same person even if subsequent conditions apply to the person.

B. For the three conditions that have the same process order value of 10, the records are processed in
ascending alphabetic order based on the condition name.

C. For the three conditions that have the same process order value of 10, the records are processed in
ascending numeric order based on the condition name.

D. The process creates a resource by using the condition with a process order value of 1 but does not
create more than one resource for the same person even if subsequent conditions apply to the person.

Answer: B D
Question #:78

Which three are part of using the Rapid Implementation for Project Financial Management Applications
macro-enabled Microsoft Excel spreadsheet to enter setup data?

A. Prepare setup data.

B. Import Projects.

C. Generate CSV files.

D. Upload setup data.

E. File Import and Export.

Answer: A C D

Explanation
https://docs.oracle.com/applications/farel12/projectop_gs/OAPFM/OAPFM2264569.htm#OAPFM2159921

Configuring Rapid Implementation: Procedure

Project application administrators can use the rapid implementation feature to set up the Project Financial
Management offering. Use the Rapid Implementation for Project Financial Management Applications
macro-enabled Microsoft Excel spreadsheet to enter setup data and generate the ProjectsWorkbook.zip.
Upload this .zip file to the Setup and Maintenance work area. When the upload completes, the offering is
configured based on the setup information that you provide.

Perform the following steps to configure rapid implementation for the Project Financial Management offering:

Prepare setup data.

Generate CSV files.

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Upload setup data.

Correct errors, if any, and reload the data.

Question #:79

You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents
multiple buildings for its operations. At the end of each month, they review the rent expense for the month and
want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the
buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks
from the previous month. Considering that all these costs are in General Ledger, what three allocation setups
should you complete in PPM? (Choose three.)

A. Allocate rental costs once each accounting period by using the “full” allocation method.

B. Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task
during the previous accounting period.

C. Define allocation basis by using Actual Amounts with a project-to-date amount class.

D. Define allocation basis by using Actual Amounts with a period-to-date amount class.

E. Allocate rental costs once each accounting period by using the “spread evenly” allocation method.

Answer: A B D

Question #:80

When implementing Project Performance Reporting, your customer has the following requirements:

Every time a project cost is greater than or equal to a threshold, then the project should be shown as
critical.

As long as a project cost is less than the threshold, the project should be shown as on-track.

Which threshold level rule is ideal for this kind of KPI definition? (Choose the best answer.)

A. multiple threshold levels

B. single threshold level value

C. single threshold level range

D. multiple threshold level value

Answer: B

Explanation

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Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjs/update-project-performance-data

Performance Status Indicator

Performance status indicators give an immediate picture of the status of a project, such as critical, at risk, and
on track. Each distinct icon indicates the status and severity of performance. During KPI definition, you first
associate status indicators with performance statuses:

Critical

Severe

At risk

On track

Ahead

You then associate these statuses with threshold levels. When KPI values are generated for a project,
each value is compared to the defined thresholds and the corresponding status indicator for the KPI
appears on project performance reports.

A status can identify negative performance so that you can take the appropriate actions to prevent or
quickly resolve problems. Conversely, a status can identify positive performance to help you track expected
or excellent performance.

https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/fapfm/implementing-project-financial-

Create Key Performance Indicators

Create key performance indicators (KPI) to measure how well your organization performs an operational,
tactical, or strategic activity that is critical for the current and future success of the organization.

Note: To create KPIs you must enable a project unit to track key performance indicators.

Use the Threshold Levels section to specify thresholds to indicate the health status of a KPI. Select one of the
following options:

Multiple threshold levels

Single threshold level value

Single threshold level range

Question #:81

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,

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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 application role relevant to the China business unit is not assigned to the project accountant.

B. The project accountant is not assigned to the external role that grants access to the China
business unit.

C. The US and UK business units are linked to different ledgers than the China business unit.

D. The China business unit is associated with a different legal entity than the US and UK business units.

Answer: B
Question #:82

You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contract
Line 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).

Then Bill Plan A is allocated against Project X – Task 10, and Bill Plan B is allocated against Project Y – Task
30.

Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice
generation in this scenario. (Choose two.)

A. Both the contract lines create only a single invoice because they are using the same contract.

B. Two invoices are created using the same contract.

C. Bill set number drives the grouping of transactions.

D. Invoice generation does not depend on bill plan. The invoices are created based on the contract line.

Answer: B C

Explanation
Ref: https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJB/F1087456AN1006D.htm

What's a bill set?

Transactions originating from different bill plans with the same bill set number on a contract are included on
the same invoice. If a contract has multiple bill plans and each have different values for the bill set, Oracle
Fusion Project Billing creates a separate invoice for each bill plan

Question #:83

Which three file-based data imports are available for use in Oracle Project Portfolio Management Cloud?

A. Project Budgets

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B. Project Tasks

C. Project Billing Events

D. Project Templates

Answer: A B C

Explanation
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oefpp/toc.htm

Question #:84

Identify two attributes for which you can enter budgets that will be considered for Budgetary Controls in
Project Portfolio Management. (Choose two.)

A. project

B. expenditure item

C. project classification

D. project plan type

E. resource

Answer: A E

Explanation
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPJF/OAPJF1121937.htm#OAPJF1121937

Question #:85

Your customer started operations and all projects in January 2015. They implemented Enterprise Project
Structure for calculating project labor demand by using the Annual option. When they view the labor
demand on 15-Dec-2015, the project hierarchy viewer shows data only for the year 2015. The client expected
the demand to be shown for a year, from 15-Dec-2015 to 15-Dec-2016.

Identify how the project hierarchy viewer displays labor demand information. (Choose the best answer.)

A. The current period start date is used for calculating labor demand for the current year.

B. The current date is used for calculating labor demand for the current year.

C. The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the
demand for the year 2015.

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D. The date entered by a user as a parameter when running the Update EPS job was set to 01-Jan-2015, and
hence the calculations show results for the year 2015.

Answer: B

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/analyze-project-management-pe

Topic - Project Labor Demand: How It's Calculated

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.

Question #:86

Which five steps are required for the File-Based Data Import Integration option?

A. Run Process to transfer data to interface tables.

B. Install an Excel add-in.

C. Upload the file to the server.

D. Download an Excel template.

E. Populate the spreadsheet with data and generate a CSV file.

F. Import data into various applications.

Answer: A B C D E

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oefpp/overview.html#External_Data_I

Question #:87

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Which three tools are available for accessing REST APIs?

A. cURL

B. Web Browser

C. Oracle Transactional Business Intelligence

D. Programming Language

Answer: A B D

Explanation
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/18b/fapap/Use_cURL.html

REST API = REpresentational State Transfer (REST) Application Programing Interface (API)

Question #:88

Which two privileges are assigned to the Project Plan Management duty in Security Reference
Implementation? (Choose two.)

A. Manage Project Plan Resource Assignment

B. Transfer Project

C. View Project Progress

D. Allocate Project Expense

Answer: A C

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjm/index.html#_Toc468200732_1_

Topic – Privileges - This table lists privileges granted to duties of the abstract role Project Management Duty.

Granted Role - Project Plan Management

Privilege – only A and C are listed

Question #:89

Your customer has a requirement to import and process third-party transactions that are “costed” and
“accounted”.

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Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)

A. Import Options

B. Document Options

C. Transaction Source Options

D. Document Entry Options

Answer: C

Explanation
Reference https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJC/F1071488AN1004C.htm

Question #:90

Which application would you use to map application roles to external roles? (Choose the best answer.)

A. Oracle Identify Manager

B. Authorization Policy Manager

C. BPM Work List

D. Security Console

Answer: B

Explanation
Ref: https://docs.oracle.com/cd/E17904_01/doc.1111/e14431/managing.htm#APMAG3333

Fusion Middleware Administrator's Guide for Authorization Policy Manager

Managing Security Artifacts

This chapter describes the procedures an administrator follows to manage application-specific security
artifacts, view the external role hierarchy, manage the application role hierarchy, and manage the many-to-
many mapping of application roles to external roles from both the application and the external role point of
view.

This chapter is divided into the following sections:

Managing Application Security Artifacts

Viewing the External Role Hierarchy

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Managing the Application Role Hierarchy

Mapping Application Roles to an External Role

Mapping External Roles to an Application Role

Role Mapping Policy

A Role Mapping Policy is used to determine what external subjects (users, groups or External Roles)
are assigned to the applicable Application Role. The Application Role, when referenced in an
Authorization Policy, defines the principals affected by the Authorization Policy. Role Mapping Policies
may also include conditions

Oracle Identity Manager – Not used for mapping application roles to external roles

How do Users Interact with Oracle Identity Manager?

Oracle Identity Manager provides an end-user interface, called the Identity Self Service console, and a system
administrator interface, called the Identity System Administration console. Both end-users and system
administrators use the web browser to log on to Oracle Identity Manager. Oracle Identity Manager (OIM)

OIM provision users, roles, and defines what a user can do in Oracle Cloud

Duty Roles are mapped to jobs and assigned access privileges (Data Security)

Question #:91

Your customer wants to generate accounting based on project information associated with the transaction for
all subledger transactions. Identify three subledger applications for which the project source is available for
deriving accounts when configuring subledger accounting. (Choose three.)

A. Receipt Accounting

B. Payables

C. Fixed Asset

D. Purchasing

Answer: A B D

Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-costing-configuration-de

Topic - Deriving Projects-Related Accounts

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