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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)

A) On Hold > Pending Acceptance > Active
B) On Hold > Pending Approval > Active
C) Pending Acceptance > Pending Approval > Active
D) Pending Approval > Pending Acceptance > Active

2. Which setup option is common to both financial and project plan types?

A) Enable the entry of plan amounts in currencies other than the project currency.
B) Identify whether the plan type is the default selection when you create budget or forecast versions.
C) Manage the options for creating control budgets in Oracle Fusion Budgetary Control.
D) Enable the use of a workflow for managing budget or forecasting status changes.

3. Which three are project gate statuses? (Choose three.)

A) In Review
B) Open
C) Closed
D) Draft
E) Approve

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) Accounting Rule
B) Mapping Sets
C) Journal Rules
D) Supporting Reference
E) Accounting Method

5. You have been hired as a project manager for implementing the Project Financial Management and Project Execution Management offering by an organization. The Chief Information Officer of the deploying organization has requested you to explain the benefits of using the implementation project-based approach over the functional area-based approach.
Which two are the main benefits of using the implementation projects within Functional Setup Manager?

A) Implementation Project helps you to monitor progress of the setup tasks.
B) Implementation Project helps you to use the manage setup data entry in bulk option.
C) Implementation Project gives you the flexibility to set up different functional areas of the offering at different times.
D) Implementation Project helps in assigning responsibility of managing setup data to a broad group of users.

Solutions: