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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q49-Q54):

NEW QUESTION # 49
You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitment for $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

A. 0
B. 1
C. 2
D. 3

Answer: D

Explanation:
Budget 5,000 Actuals 800 Commitment 600
ETC = Budget - Actuals - Commitment
ETC = 5,000-800-600 = 3,600 Budget available for next 4 months = 3,600/4 = 900/month

NEW QUESTION # 50
You search for resources to fulfill a project resource request but are unable to proceed after receiving the following error message: "The search for resources cannot be completed because the project resource search index is not available. Contact your help desk." Identify the cause for this error message. (Choose the best answer.)

A. The index has been built.
B. The most recent update of the index finished successfully.
C. The index is not in the process.
D. The index is in the process of being updated.

Answer: B

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/implementing-project-execution-management-applications.html#FAPFM1724547 Topic - Submitting the Process to Maintain Project Resource Search Index: Procedure Submit the Maintain Project Resource Search Index job set to update the resources that appear on the Search and Evaluate Resources page when a resource manager searches for resources to fulfill project resource requests. The job set consists of a set of processes that facilitate efficient and rapid searches for qualified resources.
Resource managers can,t search for resources or view resource details if the search index isn,t available for a project resource request with qualifications or keywords. For project resource requests without qualifications and keywords, resource managers can search for and evaluate resources based on resource availability even if the search index isn,t current or available.
Caution: The search index isn,t available if the Maintain Project Resource Search Index job set process fails, or while the process is running.

NEW QUESTION # 51
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.

A. 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.
B. The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.
C. 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.
D. 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.

Answer: D

Explanation:
Topic - FAQs for Define Project Enterprise Labor Resources
What,s the processing order of project enterprise labor resource maintenance conditions?
Records are processed by the Maintain Project Enterprise Labor Resources process in ascending order based on the process order value that you specify on the Create Condition page. For example, assume that an HCM person is included in a condition with a process order value of 1. If a resource doesn,t already exist for that person, then the process creates a resource for the condition with the process order value of 1. The process doesn,t create more than one resource for the same person even if subsequent conditions apply to the person.
If multiple conditions have the same process order value, then records are processed in ascending alphabetic order based on the condition name.

NEW QUESTION # 52
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. Estimated Cost
B. Standard Unit Cost
C. Actual Unit
D. Current Cost
E. Spread Evenly

Answer: C

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundation-configuration-manage-project-types.html#OAPFM220111 Topic - Asset Cost Allocation Methods: Explained The asset cost allocation method determines how indirect or common costs incurred on a project are allocated to multiple assets.
You can specify an asset cost allocation method to enable Oracle Fusion Project Costing to automatically allocate unassigned asset lines and common costs across multiple assets. Unassigned asset lines typically occur when more than one asset is assigned to an asset grouping level.
Projects and project templates inherit a default asset cost allocation method from the associated project type. You can override the default at the project level. If you use capital events to allocate costs, then you can also override the asset cost allocation method at the event level.
The following table describes the available asset cost allocation methods.
Method
Basis of Cost Allocation
Actual Units
Number of units defined for each asset
Current Cost
Construction-in-process (CIP) cost of each asset
Estimated Cost
Estimated cost of each asset
Standard Unit Cost
Combination of the standard unit cost and the number of units defined for each asset Spread Evenly Equal allocation of cost to each asset

NEW QUESTION # 53
Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation?

A. Transfer Project
B. Manage Project Plan Resource Assignment
C. View Project Progress
D. Allocate Project Expense

Answer: B

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjm/index.html#_Toc468200732_1_12 Topic - Privileges - This table lists privileges granted to duties of the abstract role Project Management Duty.
Granted Role - Project Plan Management
Privilege - only A and C are listed

NEW QUESTION # 54
......

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