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| Section | Objectives |
|---|---|
| Topic 1: Project Resource Management | - Resource planning and assignment
|
| Topic 2: Project Foundation Configuration | - Project setup and classification
|
| Topic 3: Project Billing Configuration | - Billing setup and revenue management
|
| Topic 4: Project Costing Configuration | - Cost management and controls
|
| Topic 5: Project Management Cloud Overview | - Key functionalities and navigation
|
Question 1
You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
Associated Project Budgeted Cost: USD 300
Contract Amount: USD 1000
Project Funded Amount: USD 750
Sum of Existing Revenue Events: USD 80
Identify the Associated Project Spent revenue that will get generated based on the preceding details. (Choose the best answer.)
A. USD 184
B. USD 134
C. USD 120
D. USD 70
Question 2
Which two attributes are available while enabling a task as a business object for social networking?
A. Project Number
B. Project
C. Task Number
D. Task
E. Creation Date
Question 3
Which two are the workflows in Project Financial Management?
(Choose two.)
A. Burden Cost Recalculation
B. Asset Line Generation
C. Project Status Change
D. Expenditure Item Adjustment
E. Capital Interest Calculation
Question 4
Your customer wants additional project information for detailed account balance maintenance, reconciliation, and reporting. Identify the configuration in subledger accounting that can be set up to fulfill this requirement. (Choose the best answer.)
A. Mapping Sets
B. Accounting Method
C. Accounting Rule
D. Supporting Reference
E. Journal Rules
Question 5
Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page. An HCM person is included in a condition with a process order value of 1 and, additionally, there are three Other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)
A. The process creates a resource by using the condition with a process order value of I but does not create more than one resource for the same person even if subsequent conditions apply to the person.
B. For the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic order based on the condition name.
C. The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.
D. For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.
Solutions:
| Question 1 Answer: D | Question 2 Answer: B,D | Question 3 Answer: C,D | Question 4 Answer: D | Question 5 Answer: A,B |
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