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Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

1. Most Project Management solutions are plagued with the configurations that have financial and project management reference data intertwined. By introducing which two concepts has Fusion PPM.

A) Project Unit
B) SetID
C) PPM specific organization hierarchy
D) Business Unit
E) Organization Classification

2. Identify two statements that are true for Fusion Project Portfolio Management in relation to the Calendar and period management.

A) You can use the same calendar for both your project accounting and accounting.
B) You can maintain the statuses of the periods independently, even in spite of using the same calendar.
C) By using the option of "Maintain common accounting and project accounting periods" you increase the period maintenance activity during the month end.
D) Accounting periods are used to track budgets and forecasts, summarize project amounts for reporting, and track project status.

3. Select two important features of Standard Cost Collection Flex field.

A) unique I-reject cost collection requirements that are presented differently acrossall applications
B) unique project costcollection requirements thatare configured centrally
C) disintegrated means to capture, store, display, query, and reportproject-related attributes in their respective applications
D) allows customers to validate, calculate cost, and import any type of transactions that are captured internally or externally using a single process

4. Select the four duties the project administrator is entitled to, by default, in Budgeting and Forecasting.

A) submit versions
B) approve versions
C) review versions
D) generate versions
E) edit budget and forecast planning option
F) create versions

5. Your company has set up the burdening functionality to capture the overhead costs incurred on all projects. It has been decided that these overhead costs will be stored as a separate expenditure item performed to set up the required expense account?

A) Set up the total burdened cost credit SLA.
B) Set up the account at the expenditure category defined for the burden transaction.
C) Set up the burden cost account SLA,
D) Set up the burden cost clearing account SLA.
E) Set up the account at the expenditure type defined for the burden transaction.

Solutions: