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| Section | Objectives |
|---|---|
| Project Execution Management | - Project Control
|
| Security and Implementation Tools | - Implementation Utilities
|
| Resource Management | - Resource Structures
|
| Project Foundation Setup | - Project Units
|
| Project Financial Management Setup | - Project Types and Templates
|
| Project Cost Management | - Cost Collection and Processing
|
| Project Billing and Revenue Management | - Contract and Billing Setup
|
1. When implementing Project Performance Reporting, your customer has the following requirements:
* Every time a project cost is greater than or equal to a threshold, then the project should be shown as critical.
* As long as a project cost is less than the threshold, the project should be shown as on-track.
Which threshold levelrule is ideal for this kind of KPI definition? (Choose the best answer.)
A) multiple threshold levels
B) multiple threshold level value
C) single threshold level value
D) single threshold level range
2. While opening an organization tree on the Manage OrganizationTrees 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 used Create Tree Version in the action menu.
C) You opened the hierarchy by clicking the name.
D) You selected theEdit iconfor opening the hierarchy.
E) You usedCreate Treein the action menu.
3. Your customer wants a team member who is assigned to a project to beable to create and submit a forecast, butnot to be able to approve the forecast. What is the default project rolethat you should assign to the person in the project to meet this requirement? (Choose the best answer.)
A) Project Accountant
B) Project Manager
C) Project Administrator
D) Project Application Administrator
4. Youare implementing Project Portfolio Management for a global professional services organization. In their Consulting Services line of business, it is common to use resources from different business units based on the skills required. Therefore, cross-chargetransactions happen between business units within the same legal entity.Transfer price calculations need to be based on raw costs, with no further adjustments to transfer price.
Identify two setups that can drive this borrowed and lent agreement. (Choosetwo.)
A) Transfer price basis must beRaw Costand calculation method must beBasis Only.
B) Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.
C) Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
D) A document entry such asstraight time must be enabledfor cross-charge transactions.
5. You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
AssociatedProject Budgeted Cost: USD 300
Contract Amount: USD 1000
Project Funded Amount: USD 750
Sum of Existing Revenue Events: USD 80
Identify the Associated Project Spent revenue that will get generated based on the preceding details. (Choose the best answer.)
A) USD 120
B) USD 134
C) USD 184
D) USD 70
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D,E | Question # 3 Answer: C | Question # 4 Answer: A,D | Question # 5 Answer: D |
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