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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q34-Q39):
NEW QUESTION # 34
Your organization has decided to enable the common accounting and project accounting periods option while defining business unit implementation options.
Where will you maintain the accounting period statuses if this option has been enabled?
Answer: D
NEW QUESTION # 35
Which data format is supported by SOAP Web services to establish communication between web services consumers and web services providers?
Answer: C
Explanation:
XML (Extensible Markup Language) is the data format that is supported by SOAP (Simple Object Access Protocol) Web services to establish communication between web services consumers and web services providers. XML is a standard format that allows data to be exchanged across different platforms and applications. SOAP Web services use XML to encode the messages and data that are sent and received between the web services endpoints. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/integrate-project-financial-management.html#OAPFM2356071
NEW QUESTION # 36
You are currently involved in the implementation of the Project Financial Management solution for your client organization. Your client organization has two main lines of business: Consulting and Support. Consulting Services and Support Services organizations have different project planning, management, analysis and reporting requirements for the projects that they manage, though the management reporting and transaction processing requirements are the same for both the organizations.
What will be your recommendation?
Answer: B
Explanation:
The recommendation for this scenario is to define one business unit and two project units. A business unit is an organization that performs one or many business functions such as transaction processing or reporting. A project unit is an organization that manages projects within a business unit or across multiple business units. By defining one business unit and two project units, you can meet the following requirements of the client organization:
The management reporting and transaction processing requirements are the same for both the organizations: This can be achieved by using the same business unit for both the organizations, as the business unit determines the common setups such as ledger, currency, calendar, etc. for transaction processing and reporting.
The project planning, management, analysis and reporting requirements are different for each organization: This can be achieved by using different project units for each organization, as the project unit determines the specific setups such as project types, templates, options, etc. for project planning, management, analysis and reporting. Defining two business units and two project units is not recommended for this scenario, as this would create unnecessary duplication of setups for transaction processing
NEW QUESTION # 37
Identify three correct statements about the integration of Primavera P6 Enterprise Project Portfolio Management and Oracle Project Portfolio Management Cloud. (Choose three.)
Answer: D
Explanation:
Ref: https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49622/F1125394AN6D254.htm Primavera P6 Enterprise Project Portfolio Management and Oracle Fusion Project Portfolio Management: How They Work Together Use Oracle Fusion Project Integration Gateway to integrate Oracle Fusion Project Portfolio Management with Primavera P6 Enterprise Project Portfolio Management. The integration enables project accountants, project billing specialists, and executives to centrally perform project costing, billing, accounting, and executive reporting tasks in Oracle Fusion Project Portfolio Management while enabling each project manager to perform detailed project planning and scheduling in Primavera P6 Enterprise Project Portfolio Management.
Oracle Fusion Project Integration Gateway ensures data security, integrity, and efficiency by defining a set framework in which data is exported from and imported into Oracle Fusion Project Portfolio Management.
The following table and diagram provide an overview of the flow of information.
Information Type
From Application
To Application
Global integration information
Oracle Fusion Project Portfolio Management
Primavera P6 Enterprise Project Portfolio Management
Projects and task definition
Oracle Fusion Project Portfolio Management
Primavera P6 Enterprise Project Portfolio Management
Summarized project actual quantity and cost
Oracle Fusion Project Portfolio Management
Primavera P6 Enterprise Project Portfolio Management
Project plans and progress
Primavera P6 Enterprise Project Portfolio Management
Oracle Fusion Project Portfolio Management
Billing events
Oracle Fusion Project Portfolio Management
Primavera P6 Enterprise Project Portfolio Management
Event completion
Primavera P6 Enterprise Project Portfolio Management
Oracle Fusion Project Portfolio Management
NEW QUESTION # 38
Your customer has separate organizations to maintain indirect, capital, and billing types of projects.
Identify the two setups that can be used to fulfill this requirement.
Answer: A
Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1225328.htm
NEW QUESTION # 39
......
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