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

Reference / correct answer:

Ref:

https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-control-configuration-m

Financial and Project Plan Setup Options

The following table describes the basic budget, forecast, or project plan setup options that determine how a plan type is used in the context of a project. Except for third-party scheduling, you can't edit these options at the project level.

Option Location Description

Planning amounts Financial plan type

Indicates that the financial plan type supports the creation of versions with the following amounts: Cost amounts

Revenue amounts

Both cost and revenue amounts Either cost or revenue amounts Approved budget or primary forecast

Financial plan type

Determines whether a financial plan type is used for creating approved budget versions or primary forecast versions that are used for plan comparison or project performance reporting.

Default financial plan type Financial plan type

Determines whether the financial plan type is the default selection when you create budget or forecast versions.

Workflows Financial plan type

Enables the use of a workflow for managing budget or forecast status changes. Third-party scheduling software

Project plan type

Indicates whether project planning is performed in Microsoft Project.

If third-party scheduling is disabled in the project plan type, you can use the associated project or project template to create a project in Microsoft Project. However, you can't export the new project or link it to one created in Oracle Fusion Project Portfolio Management.

Multiple transaction currencies Financial and project plan type

Enables entry of plan amounts in currencies other than the project currency. Budgetary control settings

Financial plan type

Manages options for creating control budgets in Oracle Fusion Budgetary Control.