Oracle Project Portfolio Management Cloud 2019 Implementation Essentials (1Z1-1057) Free Practice Test

Question 1

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

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

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

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

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

Correct Answer: B,D

Question 2

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

A. Task Number

B. Creation Date

C. Project Number

D. Project

E. Task

Correct Answer: A,C

Question 3

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. Jobs

B. Pool Membership

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

D. Person Type

Correct Answer: D

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Question 4

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

A. Summarization options can be specified at project type.

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

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

D. Classifications can be assigned at project type.

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

Correct Answer: C,D,E

Question 5

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 quality manager is not assigned with a supervisor.

B. The "Require Task Managers to be Project Team Members" profile option is set to No.

C. The "Require Task Managers to be Project Team Members" profile option is set to Yes.

D. The quality manager belongs to a department that is not associated with the project.

Correct Answer: C

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Question 6

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 7

You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for a billable expenditure item and active contract, the process completes successfully but without any billing, and does not provide any error logs.
The program's processing summary is as follows:
Billing Event Errors 0
Ineligible Contracts 0
Successfully Billing Events Created 0
Ineligible Contract Lines 0
Billing Transaction Exception Errors 0
Ineligible Bill Plans 0
Billing Transaction Exception Warnings 0
Ineligible Associated Projects 0
Successful Billing Transactions 0
Ineligible Expenditure Items 0
Draft Invoice Exception Errors 0
Ineligible Events 0
Draft Invoice Exception Warnings 0
Successful Draft Invoices 0
What was the invoice method classification set to that caused this behavior? (Choose the best answer.)

A. Percent Complete

B. As Incurred

C. Rate Based

D. Amount Based

Correct Answer: D

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Question 8

Your customer wants to automatically allocate unassigned asset lines and common costs across multiple assets based on the construction-in-process cost 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. Estimated Cost

C. Spread Evenly

D. Actual Unit

E. Current Cost

Correct Answer: E

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Question 9

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 Rate Schedule.

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

C. Transfer price basis must be Basis Only.

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

Correct Answer: B,C

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Question 10

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

Correct Answer: B

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Oracle Project Portfolio Management Cloud 2019 Implementation Essentials (1Z1-1057) Free Practice Test