Oracle Project Portfolio Management Cloud 2018 Implementation Essentials (1Z0-1008) Free Practice Test

Question 1

Identify theattribute of a project type determines if expenditure items are billable, and theamount type to be used as the basisfor transfer pricing. (

A. work type

B. expenditure type

C. event type

D. cost type

Correct Answer: A

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 2

Your customer has different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates will be populated in such invoices? (Choose two.)

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

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

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

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

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

Correct Answer: B,C

Question 3

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 has the qualification that meets the specified proficiency.

B. 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.

C. 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.

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

Correct Answer: A,C

Question 4

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

B. Project Contract Collection Center

C. Project Contract-based billing

D. Contract Team Connect

Correct Answer: C

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 5

Whichthreeare true of what you can do in the Project Requirements work area?

A. Create project tasks forbacklog

B. Organizebacklogitems by requirements.

C. Create an execution project.

D. Manage your list ofbacklog

E. Create an implementation project.

Correct Answer: A,B,D

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 6

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 Contract and Contract Line dimensions apply only to Invoice measures.

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

C. 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.

D. 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.

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

Correct Answer: B

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 7

You want tocreate a few project roles so as to restrict accessin 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 Billing Specialist- Security based on Contract BU

B. Project Team Member-Security based on Project Assignment

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

D. Project Manager-Security based on Project Assignment

E. Project Executive- Security based on Project Hierarchy

Correct Answer: B,D

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 8

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 business unit.

B. Enable track missing time atproject unit.

C. Enable track missing time at project template.

D. Enable track missing time at project type.

Correct Answer: B

Question 9

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 todefine deliverables for your project requirementsthat 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

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

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

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

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

Correct Answer: A,B

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 10

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

A. Summarization options can be specified at project type.

B. Project type can beenabled for both billing and capitalization.

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

D. Classifications can be assignedat project type.

E. Project type can be usedas a sourcein subledger accounting.

Correct Answer: B,D,E

Welcome to TestSimulate

Oracle Project Portfolio Management Cloud 2018 Implementation Essentials (1Z0-1008) Free Practice Test