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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q61-Q66):
NEW QUESTION # 61
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 with a specified proficiency and the resource has the qualification with a proficiency that is lower or higher than specified.
- 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, but no proficiency is specified, and the resource has the qualification.
Answer: D
Explanation:
The Resource Qualification Score is a percentage that indicates how well an individual matches the qualifications required for a resource request. An individual's score is 100% if either of the following conditions are met:
The resource request has a qualification, but no proficiency is specified, and the resource has the qualification. This means that any level of proficiency is acceptable for the qualification.
The resource request has a qualification with a specified proficiency and the resource has the qualification that meets the specified proficiency. This means that the resource has the exact level of proficiency required for the qualification. An individual's score is not 100% if the resource request has a qualification with a specified proficiency and the resource does not have the qualification or has a different level of proficiency than required. In this case, the score is calculated based on how close the resource's proficiency is to the required proficiency. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-resources.html#OAPFM2356001
NEW QUESTION # 62
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?
- A. Project Manager - Security based on Project Assignment
- B. Project Executive - Security based on Project Hierarchy
- C. Project Accountant - Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
- D. Project Team Member - Security based on Project Assignment
- E. Project Billing Specialist - Security based on Contract BU
Answer: A
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracle-fusion-project-portfolio-management.html#FASER1840867
NEW QUESTION # 63
Your organization has decided to enable the common accounting and project accounting periods option while defining business unit implementation options.
Where will you maintain the accounting period statuses if this option has been enabled?
- A. Project Costing
- B. Project Foundation
- C. General Ledger
- D. Subledger Accounting
Answer: C
NEW QUESTION # 64
Select two correct statements about project classifications on a template.
- A. When a project is created from a template, the required project classifications must be entered.
- B. Project Classification is a mandatory field on a project template.
- 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.
Answer: D
Explanation:
Project classifications are used to group and report on projects based on different criteria. A project template can have one or more project classifications, which can be either required or optional. When a project is created from a template, the required project classifications must be entered, while the optional ones can be left blank. A project class category in a project classification must be associated with a set code, which determines the list of values for the project class. Project classification is not a mandatory field on a project template, but it is recommended to use it for reporting purposes. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-plans.html#OAPFM2355961
NEW QUESTION # 65
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.
- A. Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
- B. A document entry such as straight time must be enabled for cross-charge transactions.
- C. Transfer price basis must be Raw Cost and calculation method must be Basis Only.
- D. Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.
Answer: C
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-billing-configuration-define-transfer-pricing.html#OAPFM3094619
NEW QUESTION # 66
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