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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. Your organization wants to capture the project details for work order labor and equipment resource transactions as part of a project-driven supply chain solution.
Which expenditure type class is recommended for the expenditure types that need to be defined for these type of transactions?

A) Work In Process
B) Inventory
C) Usages
D) Supplier Invoice

2. 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.
Identify the correct statement about details in the receivables invoice. (Choose the best answer.)

A) The project sends the invoice line description and the invoice distributions to Receivables, but not the invoice header.
B) The project sends only the invoice header to Receivables, not the invoice line description and distributions.
C) The project sends only the invoice header and invoice line description to Receivables, not the invoice distributions.
D) The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.

3. Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types. Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

A) Create a revenue method classification with a revenue method of Percent Complete.
B) Create a revenue method classification with a revenue method of Percent Spent.
C) Create a revenue method with a revenue method classification of Amount Based.
D) Create a revenue method with a revenue method classification of Rate Based.

4. 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 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.
C) The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.
D) The current date is used for calculating labor demand for the current year.

5. 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.

A) Two invoices are created using the same contract.
B) Both the contract lines create only a single invoice because they are 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.

Solutions: