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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. Whichthreeare part of using the Rapid Implementation for Project Financial Management Applications macro-enabled Microsoft Excel spreadsheet to enter setup data?

A) Import Projects.
B) Upload setup data.
C) Prepare setup data.
D) File Importand Export.
E) Generate CSV files.

2. You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contractLine 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).
Then Bill Plan A is allocated against Project X - Task 10, and Bill Plan B is allocated against Project Y - Task
30.
Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario. (Choose two.)

A) Invoice generation does not depend on bill plan. The invoices are created based on the contract line.
B) Two invoices are created using the same contract.
C) Bill set number drives the grouping of transactions.
D) Both the contract lines create only a single invoice because they are using the same contract.

3. Whichthreeare true of what you can do in the Project Requirements work area?

A) Organizebacklogitems by requirements.
B) Create project tasks forbacklogitems.
C) Create an execution project.
D) Manage your list ofbacklogitems.
E) Create an implementation project.

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

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

5. Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)

A) Project Contract-based costing
B) Project Contract-based billing
C) Contract Team Connect
D) Project Contract Collection Center

Solutions: