Oracle Fusion Project Portfolio Management 2014 Essentials (1z1-498) Free Practice Test

Question 1

Select the appropriate phrase to accurately complete the sentence below.
Spread Curves in Fusion Project Portfolio Management allows you_____

A. distribute quantity, cost, and revenue amounts automatically acrossweekly calendars

B. distribute quantity, cost, and revenue amounts automatically acrossproject accounting periods

C. distribute quantity, cost, and revenue amounts automatically acrossaccounting periods

D. distribute quantity, cost, and revenue amounts automatically acrossaccounting or project accounting periods

Correct Answer: D

Question 2

Project managers typically have the need to plan for granular labor resources, whereas only high-level planning is sufficient for financial purposes. Identify the two true statements about the Project Integration Gateway in this background.

A. When you import the project plan, all planning for non-integrated resources is summarized by WBS.

B. When you import the project plan, all planning for non-integrated resources is summarized by Project class.

C. You are allowed to create non-integrated resources manually in Primavera.

D. The summary information does not become a resource class resource assignment in Oracle Fusion PPM.

Correct Answer: A,D

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Question 3

Identify four allocation methods available as a seeded method under Oracle Fusion Project Costing.

A. use client extension basis

B. percentage and spread evenly

C. spread evenly

D. manual

E. variable

F. prorate

Correct Answer: C,D,E,F

Question 4

Identify the two abstract roles predefined in Fusion PPM.

A. Project Administrator

B. Project Manager

C. Project Accountant

D. Project Creator

E. Project Team Member

Correct Answer: B,E

Question 5

Select the option that enables the transactions from other sub ledger modules that are imported into Project Costing and are in :Rejected" or "Pending for processing" stage to be viewed.

A. ManageUnreleased Expenditure Batches

B. Manage Expenditure Items

C. Manage Unprocessed Transactions

D. Review Commitment Transactions

Correct Answer: B

Question 6

Select the two options that would accurately fill in the blanks in the sentences below.
The rate sources in Fusion PPM are based on the Schedule Types specified on the Invoice and Revenue Methods. If the schedule type is Labor Schedule, Bill Rate, then a valid rate source would be ____________ or _______.

A. Labor burden schedule

B. Job billrate schedule

C. Labortransfer price schedule

D. Burden schedule

E. Employee bill rate schedule

Correct Answer: B,E

Question 7

Which two options are relevant and true for Manual CapitalEvents?

A. Costs and assets are grouped periodically throughout the duration of the project.

B. They aresuitable for blanketprojectsthat capture costs for repetitive work.

C. They are suitable Tor [Phased projects where assets are placedIn service after eachphase is completed.

D. Costs and assets areusually grouped at the required time within the project duration

Correct Answer: A,B

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Question 8

Select the appropriate phrase to fill in the blank below.
The Navigator is a hierarchical arrangement of Work Areas or Dashboards with ___.

A. function security

B. function and data security

C. data security

D. role security

Correct Answer: C

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Oracle Fusion Project Portfolio Management 2014 Essentials (1z1-498) Free Practice Test