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1z0-498.exam

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1z0-498

Oracle Fusion Project Portfolio Management 2014 Essentials


Exam C

QUESTION 1From an OTBI reporting standpoint, the concepts of Facts, Dimensions, and Criteria are used. If you are running a report that provides "Revenue created bycontract by day for the past month", which part of this report name represents the "Fact"?

A. revenue createdB. by contractC. by dayD. for the past month

Correct Answer: CSection: (none)Explanation

Explanation/Reference:

QUESTION 2Which Security Role can be assigned to a user in Fusion Applications?

A. Dam RonB. Job RoleC. Abstract RoleD. Duty Role

Correct Answer: DSection: (none)Explanation

Explanation/Reference:Reference:http://docs.oracle.com/cd/E25178_01/fusionapps.1111/e16689/F323387AN1B35E.htm

QUESTION 3Choose the correct statement related to the project start and end dates.

A. If the task dates roll up the task hierarchy automatically, then the project dates can be edited.B. If the task dates roll up the task hierarchy automatically, then the project dates cannot be edited.


C. In an auto roll up of task dates, the project start date does not coincide with the earliest task.D. In an auto roll up of task dates, the project start date does not coincide with the latest task finish date.


Explanation/Reference:Reference:http://docs.oracle.com/cloud/latest/projectcs_gs/OAPJF/F1121935AN10052.htm

QUESTION 4Which details are allowed on the "Root task" created by default when Project template is created?

A. Descriptions and AttachmentsB. General and Cross ChargeC. General, Asset Assignments, and Capital InformationD. General, Contracts, and Setup

Correct Answer: BSection: (none)Explanation


QUESTION 5Select two true statements regarding OTBI.

A. OTBI is the business solution that helps in current state analysis.B. OTBI helps in performing trend analysis with unlimited historical data


C. OTBI helps in strategic decision such as "Is it worthwhile for me execute projects for this customer"?D. OTBI helps in tactical reporting such as helping in decisions such as "Do I need more resources on this project"?

Correct Answer: ACDSection: (none)Explanation


QUESTION 6You want to credit an invoice using the Cancel Invoice option. Which three prerequisites should be met for this to be possible? (Choose Three)

A. Invoice is released.B. Invoice has no payments.C. Invoice has no adjustment or crediting Invoices applied to it.D. Credit memo is created.

Correct Answer: ABDSection: (none)Explanation


QUESTION 7Identify three true statements about Oracle BusinessIntelligence Applications.

A. Oracle Business Intelligence Applications provide unlimited historical analysis, including trending and cross-domain insightB. Oracle Business intelligence Applications provide pre- packaged data warehouse, ETL, metrics, and interactive dashboards.


C. Oracle Business IntelligenceApplications are built- on Oracle Business Intelligence Enterprise Edition technology,D. Oracle Business Intelligence Applications ore not available for EBS, Peoplesoft, JD Edwards, andSieble.



QUESTION 8Identify which item is editable at the Project level

A. Planning AmountB. Default Financial TypeC. WorkflowsD. Third-party SchedulingE. Multiple Transaction Currencies



QUESTION 9By using Project Integration Gateway, a person can use Global Data model to provide the capability to set up the integration for a business unit and a project unitcombination. Based on this information, identify two true statements regarding this integration model.

A. Business unit provides Financial periods and currencyB. Project unit provides financial periods and currencyC. Project unit provides resources.D. Business unit provide planning resource breakdown structure.

Correct Answer: ADSection: (none)Explanation


Explanation/Reference:Reference:http://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20384/F552290AN6C6FC.htm

QUESTION 10In one of your implementations, you are required to synchronize the Fusion Project Information with Microsoft Project. During synchronization, you realize that thedefault settings are configured so that the project attributes are transferred. Identify four attributes that are imported into Microsoft Project.

A. task structureB. resourcesC. task attributesD. actual quantities and costsE. scheduling and progress

Correct Answer: ACDESection: (none)Explanation


QUESTION 11At who is the Oracle Fusion Project Performance Reporting solution specifically targeted?

A. Project managersB. Project executivesC. Project accountantsD. Project team members

Correct Answer: CSection: (none)


Explanation

Explanation/Reference:Reference:http://www.oracle.com/partners/en/most-popular-resources/ppm-exam-study-guide-2015269.pdf

QUESTION 12Identify the statement that correctly describes how the Fusion PPM would handle a scenario in which someone attempts to import a configuration package into ainstance of Fusion PPM where the implementation project name already exists.

A. The upload program ends in error.B. The upload program completes in success but does not update records.C. A warning is generated that the current implementation project currently in the system will be replaced by the new configuration package.D. There is no warning; however, the current Implementation project is replaced with the contents on the new configuration package.



QUESTION 13Project Analytics in Fusion Applications provides the project commitment summary. Select three additional commitment sources provided by Project Analytics.

A. RequisitionsB. Purchase OrdersC. Unaccounted Supplier InvoicesD. PO ReceiptsE. Timecards

Correct Answer: ACDSection: (none)Explanation


QUESTION 14


Select the option that would accurately fill the blank below.

The relationships between the Business Units and the Project Units in Fusion PPM are _________.

A. One-to-OneB. One-to-ManyC. Many-to-ManyD. Many-to-One



QUESTION 15Identify two important aspects of the Non-Labor Bill Rate Schedules.

A. They are expenditure Type based rate schedulesB. They are job-based rate scheduleC. They allow expenditure types to be used along with a rate or a markup percent.D. They do not allow the mark up percentage to be O.

Correct Answer: ACSection: (none)Explanation



QUESTION 16Select the phrase that best completes the sentence below.

"Project Creation" is an example of__________.

A. a jobB. an abstract roleC. a dutyD. a privilege




QUESTION 17Select the option that enables the transactions from other sub ledger modules that are imported into Project Costing and are in :Rejected" or "Pending forprocessing" stage to be viewed.

A. Review Commitment TransactionsB. Manage Expenditure ItemsC. Manage Unreleased Expenditure BatchesD. Manage Unprocessed Transactions



QUESTION 18Project managers typically have the need to plan for granular labor resources, whereas only high- level planning is sufficient for financial purposes. Identify the twotrue statements about the Project Integration Gateway in this background.

A. You are allowed to create non-integrated resources manually in Primavera.B. When you import the project plan, all planning for non-integrated resources is summarized by Project class.C. When you import the project plan, all planning for non-integrated resources is summarized by WBS.D. The summary information does not become a resource class resource assignment in Oracle Fusion PPM.

Correct Answer: CDSection: (none)Explanation


Explanation/Reference:Reference:https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJF/F1121939AN17861.htm

QUESTION 19What does Project Performance Reporting, a specialized analytics tool, leverage?

A. BI PublisherB. Financial Reporting CenterC. OTBID. Essbase


Explanation/Reference:Reference:http://www.oracle.com/us/products/applications/fusion/project-portfolio-management/ppm- fusion-pro-per-ds-1557950.pdf

QUESTION 20Identify three aspects that help define Oracle Transactional Business Intelligence.

A. Oracle Transactional Business Intelligence is a real time, self-service reporting directly off FusionB. Oracle Transactional Business Intelligence provides unlimited historical analysis, includingC. Oracle Transactional Business Intelligence provides pre-packaged content covering major Fusion Applications.D. Oracle Transactional Business Intelligence is built on Oracle Business Intelligence Enterprise Edition technology.

Correct Answer: ABCSection: (none)Explanation


QUESTION 21Select the correct option to fill in the blank below.

If revenue is recognized before billing, the accounting entry that gets triggered would be _________.


A. Option AB. Option BC. Option CD. Option D

Correct Answer: ASection: (none)Explanation

Explanation/Reference:This example describes the types of revenue accounting entries that are automatically created using the central accounting setup in Oracle Fusion SubledgerAccounting. Revenue and invoices are generated in Oracle Fusion Project Billing. For revenue, the credit is to the appropriate revenue account, and the debit is tothe unbilled receivable account. For invoices, the credit is to the deferred revenue account, and the debit is to the appropriate receivables account. Revenueaccounting is initiated in Oracle Fusion Project Billing, and invoice accounting is initiated in Oracle Fusion Accounts Receivable. Oracle Fusion SubledgerAccounting sends the revenue and invoice accounting to Oracle Fusion General Ledger.Revenue and Invoice Accounting Entries

The following table contains an example revenue accounting entry.Entry Distribution Account Debit Credit

SLA1 RDL1 Unbilled Receivables 40

SLA1 RDL1 Revenue 40

QUESTION 22Select three options included in Project Billing for Contract Types.


A. Burdened CostsB. InterprojcetC. Billing ControlsD. Intercompany



QUESTION 23Identify three setups that are required to be performed at a Project Unit level in Fusion PPM.

A. Pi .Kit Numbering and FTIHB. Implementation OptionsC. Reporting SetupD. Contract Management PropertiedE. Business Unit Association

Correct Answer: BCESection: (none)Explanation


QUESTION 24Select three items that can be managed as a part of the configuration of the KPIs for Project Performance Reporting?


A. status indicatorsB. trend indicatorsC. dimension indicatorsD. fact indicatorsE. KPI categories

Correct Answer: ACESection: (none)Explanation


QUESTION 25Select the appropriate phrase to fill in the blanks below.

Non-exclusive relationships between multiple projects and tasks with contracts and contract lines is a capability delivered by using_________

A. Project Contract-based billingB. Project Contract-based costingC. Project Contract Collection CenterD. Contract Team Connect



QUESTION 26Identify two entitles included in the Project Transaction Type Reference Data Model.

A. Project Plan TypeB. Project Expenditure TypeC. Financial Plan TypeD. Project Work Type



Explanation/Reference:Reference:http://www.oracle.com/us/products/applications/fusion/project-portfolio-management/ppm- fusion-pro-per-ds-1557950.pdf

QUESTION 27Identify two possible statuses available for reviewing the allocation transaction, after having run the Generate Allocations process in Fusion PPM.

A. draft successB. draft failureC. release FailureD. deletion in progressE. release in progress

Correct Answer: BDSection: (none)Explanation


QUESTION 28Select the appropriate phrase to accurately complete the sentence below.

Spread Curves in Fusion Project Portfolio Management allows you_____

A. distribute quantity, cost, and revenue amounts automatically across accounting periodsB. distribute quantity, cost, and revenue amounts automatically across weekly calendarsC. distribute quantity, cost, and revenue amounts automatically acrossproject accounting periodsD. distribute quantity, cost, and revenue amounts automatically across accounting or project accounting periods




QUESTION 29Identify the mandatory setup step under Project Invoicing options when you use Fusion Project Billing with Fusion receivables?

A. Specify unit of measure for invoice lines sent to Fusion receivablesB. Specify Billing cyclesC. Specify Override reasonsD. Define Project Billing Descriptive Flex Fields



QUESTION 30Capitalization Options on a project type allows you to use cost allocation methods to automatically distribute which two types of costs across multiple assets?

A. costs attributable to a specific assetB. non-capitalizablecostsC. indirect costsD. common costs




QUESTION 31Select the- option that accurately completes this sentence.

Eligible revenue is calculated using the formula __________

A. Potential Amount * Transfer Price Schedule Markup percentage/l00B. Potential Amount * (Transfer Price Schedule Markup percentage/100) * Transfer price rule markup percentage/100)C. Potential Revenue Amount * (Contribution percentage/l00)D. Qualified Revenue Amount * (Contribution percentage/100)



QUESTION 32Identify three formation types available for defining the Invoice Format header.

A. laborB. eventsC. non-laborD. cpmtract

Correct Answer: ABCSection: (none)Explanation



QUESTION 33Oracle delivers the seeded capability to drill down on expenditure items in which tool?

A. BI PublisherB. OTBIC. OBIAD. Project Performance Reporting



QUESTION 34Identify four predefined "Resource Classes" to spread curves can be assigned.

A. LaborB. Usage


C. EquipmentD. Material ItemsE. Financial Resource

Correct Answer: ACDESection: (none)Explanation



QUESTION 35Select the appropriate option to correctly fill in the blank below.

Project team members, including the project manager, are assigned to a project using______

A. project roles


B. job rolesC. abstract rolesD. enterprise roles



QUESTION 36Through which two aspects does Fusion PPM provide improved capability of Role Based Security?

A. enforcement across entire technology stack

B. single point of administration for both applications and technologyC. monitor key projects transaction processing and exception ratesD. transparent and consistent data securityE. non-centralized access and function-based entitlement management

Correct Answer: BDSection: (none)Explanation


QUESTION 37Select the option that accurately fills in the blank below. Function security Privileges in Fusion PPM are also known as______


A. rightsB. entitlementsC. honorsD. licenses



QUESTION 38During an implementation, one of your consultants wants to understand the order in which Fusion PPM searches for the Labor Costing Overrides, Identify theadvice that should be shared with the consultant to help him or her obtain an accurate understanding of the order. In which Fusion PPM searches for the LaborCosting Overrides.

A. Person and Organize> Ion Combination --> Person and Job Combination___ > PersonB. Person ---> Person and Job Combination ---> Person, Job and Organization CombinationC. Person, Job and Organization Combination ---->Person and Job Combination---->PersonD. Person, Job and Organization Combination - ->Person and Job combination


Explanation/Reference:Reference:http://www.oracle.com/us/solutions/business-intelligence/064103.pdf


QUESTION 39Select the true statement related to Descriptive Flex fields and OTBI in Fusion Applications.

A. All Descriptive Flex fields can be "BI Enabled"B. Only a restricted set of predefined Descriptive Flex fields can be "BI Enabled".C. Through specific configurations, Descriptive Flex fields can be made to show the "BI Enabled" flag.D. Descriptive Flex fields cannot be "BI enabled" and only custom subject areas need to be created.


Explanation/Reference:Reference:https://docs.oracle.com/cloud/latest/common/OATBI/flex.htm

QUESTION 40Your company has set up the burdening functionality to capture the overhead costs incurred on all projects. It has been decided that these overhead costs will bestored as a separate expenditure item performed to set up the required expense account?

A. Set up the account at the expenditure type defined for the burden transaction.B. Set up the total burdened cost credit SLA.C. Set up the burden cost account SLA,D. Set up the burden cost clearing account SLA.E. Set up the account at the expenditure category defined for the burden transaction.



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