Oracle Project Portfolio Management Cloud 2017 Implementation Essentials (1z0-964) Free Practice Test

Question 1

Which three features are part of Oracle Fusion Functional Setup Manager?

A. updating an implementation project task list by changing the opt-in configuration to suit the latest requirements

B. modifying an existing implementation project task list by selecting more functional areas when needed

C. guided task list for end-to-end setup requirements

D. feature opt-in for a best fit configuration

E. export and import services for setup data migration between environments

Correct Answer: A,C,E

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 2

You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Portfolio Management with tasks and subtasks applicable to each of the phases of the project:
Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want to define deliverables for your project requirements that are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works.
Identify the two correct statements in this respect. (Choose two.)

A. You associate a deliverable with a task independent of associating a requirement with a task.

B. A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.

C. A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.

D. The association of a deliverable with a task is dependent on associating a requirement with a task.

Correct Answer: A,D

Question 3

You are trying to create a project purchase order (PO) but you are unable to select Expenditure Organization in the PO. Identify two reasons for this problem. (Choose two.)

A. The organization is classified as a project unit.

B. The organization is not classified as a project expenditure organization.

C. The organization is not classified as a project-owning organization.

D. The organization is not included in the organization tree that is assigned to the business unit that owns the PO.

Correct Answer: B,D

Question 4

While opening an organization tree on the Manage Organization Trees page, you notice that the hierarchy status is displayed as Inactive.
Identify the two reasons for the organization tree to be in Inactive status. (Choose two.)

A. You used View Tree Version in the action menu.

B. You selected the Edit icon for opening the hierarchy.

C. You used Create Tree Version in the action menu.

D. You opened the hierarchy by clicking the name.

E. You used Create Tree in the action menu.

Correct Answer: B,E

Question 5

Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation? (Choose two.)

A. Manage Project Plan Resource Assignment

B. Allocate Project Expense

C. Transfer Project

D. View Project Progress

Correct Answer: C,D

Question 6

You want to export your project plan to Oracle Project Financial Management Cloud after initial scheduling is complete in Microsoft Projects. Identify three conditions that must be met for exporting milestone tasks.
(Choose three.)

A. lowest-level tasks set up with zero duration

B. only one labor resource assignment with 0 effort

C. percent work complete values of 0 or 100 percent

D. only one labor resource assignment with 100 effort

E. lowest-level tasks set up with non-zero duration

Correct Answer: A,B,C

Question 7

You have closed the project accounting period with a warning, but you are unable to close the accounting period due to an error. Identify two reasons for this problem. (Choose two.)

A. Unaccounted transactions are not imported.

B. The corresponding Oracle Payables Cloud accounting period has not been closed.

C. Unaccounted transactions have not been swept to the next period.

D. Pending burden summarization items have not been processed.

E. Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.

Correct Answer: B,C

Question 8

Your customer wants to see how quantity, cost, and revenue amounts are automatically distributed by using Spread Curve. Identify two period options that are available for this purpose. (Choose two.)

A. PA-GL Periods

B. Calendar Types

C. Project Accounting Periods

D. Accounting Periods

E. PA Calendar

Correct Answer: C,D

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 9

Your customer started operations and all projects in January 2015. They implemented Enterprise Project Structure for calculating project labor demand by using the Annual option. When they view the labor demand on 15-Dec-2015, the project hierarchy viewer shows data only for the year 2015. The client expected the demand to be shown for a year, from 15-Dec-2015 to 15-Dec-2016.
Identify how the project hierarchy viewer displays labor demand information. (Choose the best answer.)

A. The date entered by a user as a parameter when running the Update EPS job was set to 01-Jan-2015, and hence the calculations show results for the year 2015.

B. The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.

C. The current period start date is used for calculating labor demand for the current year.

D. The current date is used for calculating labor demand for the current year.

Correct Answer: A

Question 10

Which three setups can be configured by using Rapid Implementation for Project Financial Management Applications?

A. Project Types

B. Expenditure Types

C. Project Templates

D. Departments

Correct Answer: A,B,D

Welcome to TestSimulate

Oracle Project Portfolio Management Cloud 2017 Implementation Essentials (1z0-964) Free Practice Test