1z0-1057-20 Oracle Project Portfolio Management Cloud 2020 Implementation Essentials - Practice Questions

Question 7

Your client organization has recently undergone a restructuring exercise that has resulted in the creation of new jobs. The Resource Breakdown Structure (RBS) was previously created with existing jobs, and now the new jobs have been added to the existing Resource Breakdown Structure.

Identify the correct statement about the RBS and new resources. (Choose the best answer.)

Select an option, then click Submit answer.

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If the “Allow resource changes at project level” option is set to No, the new resources and resource formats that are added to a Planning Resource Breakdown Structure for one project are not available for other projects.
○
If the “Allow resource changes at project level” option is set to No for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.
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If the “Allow resource changes at project level” option is set to Yes for the RBS, the new resources are available automatically at project level.
○
If the “Allow resource changes at project level” option is enabled for the RBS, the new resources added at project level are automatically reflected in the RBS.

Reference / correct answer:

If the “Allow resource changes at project level” option is set to No for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.

Ref:

https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/implementing-project-financial- Topic - Entering Planning Resource Breakdown Structure Details

Click Navigator > Setup and Maintenance, and search for the Manage Planning and Billing Resource Breakdown Structures task.

Click the Manage Planning and Billing Resource Breakdown Structures link.

Use the Manage Planning and Billing Resource Breakdown Structures page to create new planning resource breakdown structures and to review existing planning and billing resource breakdown structures.

Click the Create icon in the Planning Resource Breakdown Structures section.

Use the Create Planning Resource Breakdown Structure: Basic Information page to provide basic resource breakdown structure information including the name, active dates, and project unit.

Enter a planning resource breakdown structure name and select a date from which the resource breakdown structure is available for use.

Optionally, provide a description and a date to which the planning resource breakdown structure is available for use.

Select a project unit. Only projects created for the selected project unit can use this planning resource breakdown structure.

If you want to allow project managers to add planning resources at the project level, then select the

Allow resource changes at project level check box.

Tip: Changes at the project level don't move back to the parent planning resource breakdown structure. Deselect this option to ensure all project using the planning resource breakdown structure use the same resources.

Optionally, select a Job Set as a source of jobs for creating planning resources on your planning resource breakdown structure.

Click Save.

Question 8

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.)

Select an option, then click Submit answer.

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On Hold > Pending Acceptance > Active
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On Hold > Pending Approval > Active
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Pending Approval > Pending Acceptance > Active
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Pending Acceptance > Pending Approval > Active

Question 9

You have defined two expenditure types, but they are not available for selection when you enter an expenditure batch. Identify the reason for this problem. (Choose the best answer.)

Select an option, then click Submit answer.

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The two expenditure types are not assigned to the reference data set that is assigned to the project unit
in which the transaction is performed.
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The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.
○
The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.
○
The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.

Reference / correct answer:

The two expenditure types are not assigned to the reference data set that is assigned to the project unit
in which the transaction is performed.

Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf (19A Part # F11256-01) Chapter 3 – Define Project Organizations

Topic - Set Assignments and Project Data – How They Work Together (Page 29)

Business Unit as Set Determinant

Business units enable you to control and report on financial transactions, usually for specific geographical entities within the enterprise. For project management purposes, assign the Project Accounting business function to the business unit.

Business unit is a set determinant for the project-related reference data objects described in the following table.

Ref Data Object Entities

Project Accounting Definition Project Types

Project Rates

Project rate schedules

Project Unit as Set Determinant

Use project units to enforce consistent project management practices across your enterprise. Project unit is a set determinant for the reference data objects described in the following table.

Ref Data Object Entities

Project Definition

Class codes, financial plan types, project plan types and project roles Project Transaction Types

Expenditure types and work types

You can only select class codes, plan types, roles, expenditure types and work types that are assigned to the same set as the project unit. To enable expenditure types and work types for use on projects owned by a project unit, assign the set associated with the Project Transaction Types reference data object to those entities

1z0-1057-20 – Oracle Project Portfolio Management Cloud 2020 Implementation Essentials