Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. Your organization has been awarded a new contract based on which you are allowed to sell:
Items not tracked in inventory
Inventory items
Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)

A) Create two contract lines with a line type each of "product, project-based, sell agreement, standalone" and "sell intent, item, project-based".
B) Create two contract lines with a line type each of "free-form, project-based buy agreement" and "bundle sell, project-based".
C) Create two contract lines with a line type each of "sell intent, item, project-based' and "subscription, project-based, sell".
D) Create two contract lines with a line type each of "sell intent, free-form, project-based" and "sell intent, item, project-based".

2. Identify the valid approval group type applicable to Oracle Project Financial Management Cloud.
(Choose the best answer.)
Response:

A) Dynamic
B) Static
C) Position
D) Job
E) Flexfield

3. Your customer wants to automatically allocate unassigned asset lines and common costs across multiple assets based on the construction-in-process cost of each asset. 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) Current Cost
C) Estimated Cost
D) Actual Unit
E) Spread Evenly

4. Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction''s business unit.
Which reference data sharing method would you set up to meet the customer requirement? (Choose the best answer.)

A) assignment to multiple sets; common values allowed
B) assignment to one set only with common values
C) assignment to one set only; no common values allowed
D) assignment to multiple sets; no common values allowed

5. Which two statements are true about a project in "Draft" status?

A) Project managers can view draft projects on the Project Manager Dashboard and use the projects for requirements planning.
B) Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
C) Team members can see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
D) Project managers can neither view draft projects on the Project Manager Dashboard nor use the projects for requirements planning.

Solutions: