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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q50-Q55):

NEW QUESTION # 50
Your organization has a requirement to send notifications to the owners of the associated tasks when the status of a deliverable is set to Complete. You have been asked to evaluate generate public events for project deliverable status changes feature to manage this requirement.
Which two statements are true about this feature?

A. The public event is not generated when a deliverable is created or deleted.
B. The public event is not generated when the priority of a deliverable changes.
C. The public event is generated when a deliverable is created or deleted.
D. The public event is generated when the progress status for a deliverable changes.

Answer: A

Explanation:
The generate public events for project deliverable status changes feature is a feature that allows you to send notifications or trigger actions when the progress status of a deliverable changes from one value to another. For example, when the status of a deliverable is set to Complete, you can send a notification to the owners of the associated tasks or update the status of the tasks accordingly. Two statements that are true about this feature are:
The public event is not generated when a deliverable is created or deleted. This feature only generates events when the progress status of a deliverable changes, not when a deliverable is added or removed from a project or task.
The public event is generated when the progress status for a deliverable changes. This feature generates events when the progress status of a deliverable changes from one value to another, such as from Not Started to In Progress, or from In Progress to Complete. You can define rules and actions for each progress status change using Business Process Management (BPM) Worklist. The public event is also not generated when the priority of a deliverable changes, as this feature only generates events when the progress status of a deliverable changes. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-execution.html#OAPFM2356211

NEW QUESTION # 51
While creating a new project template, you notice that a default Asset Cost Allocation method is being automatically associated. Identify the source setup from which the default value is being inherited. (Choose the best answer.)

A. project type
B. project organization
C. project classification
D. project unit

Answer: D

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/define-project.html#OAPJF220111 Asset Cost Allocation Methods 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 Asset Cost Allocation Methods 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 # 52
Your organization has a requirement to retrieve the value of the cost center segment based on the department.
Which source can you use while defining the account rule to achieve this requirement?

A. Event Organization Cost Center Segment
B. Expenditure Business Unit Cost Center Segment
C. Expenditure Organization Cost Center Segment
D. Project Organization Cost Center Segment

Answer: C

Explanation:
The source that can be used while defining the account rule to achieve this requirement is Expenditure Organization Cost Center Segment. This source allows you to retrieve the value of the cost center segment based on the expenditure organization of the transaction. The expenditure organization is an attribute of a transaction that represents the organization that incurs or owns the cost of the transaction.

NEW QUESTION # 53
Which step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment?

A. Deploying
B. Planning
C. Setting Up
D. Opting In
E. Maintaining

Answer: C

Explanation:
The Deploying step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment. This step allows you to export and import setup data across instances using spreadsheets or configuration packages. You can also compare and validate setup data across instances using reports and dashboards. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/implement-project-financial-management-applications.html#OAPFM2356111

NEW QUESTION # 54
Where should you specify the Default Capitalized Interest Rate Schedule?

A. Manage Capitalized Interest Rates page
B. Manage Project Type page
C. Manage Capitalized Interest Rate Schedules page
D. Manage Expenditure Type page
E. Manage Project Plan Type page

Answer: E

Explanation:
The Default Capitalized Interest Rate Schedule should be specified on the Manage Project Type page. This option allows you to select a capitalized interest rate schedule that will be used as the default for projects or tasks that use the project type. A capitalized interest rate schedule defines the interest rates and dates that are used to calculate the capitalized interest amount for a project or task. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2356101

NEW QUESTION # 55
......

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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q50-Q55):

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