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Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

1. Identify two reference data objects for which the default set assignments can be done for a project unit set determinant.

A) Project Definition
B) Project Transaction Types
C) Project Accounting Definition
D) Project Rates

2. Identify two statements that are true for Fusion Project Portfolio Management in relation to the Calendar and period management.

A) You can maintain the statuses of the periods independently, even in spite of using the same calendar.
B) Accounting periods are used to track budgets and forecasts, summarize project amounts for reporting, and track project status.
C) You can use the same calendar for both your project accounting and accounting.
D) By using the option of "Maintain common accounting and project accounting periods" you increase the period maintenance activity during the month end.

3. Identify the two currencies that Fusion PPM automatically converts transactions to, when a Financial Plan Type is enabled for planning in multiple currencies.

A) Project Ledger Currency
B) Reporting Currency
C) Project Currency
D) Contract Currency

4. Select the contract status in which the contract can be reverted to a pervious active version.

A) In pending acceptance status
B) Under amendment status and approved
C) Underamendment status
D) In draft status

5. Identify two key business value propositions of Fusion Project Portfolio Management.

A) enhanced user productivity and reduced supportcosts
B) improveddecision-making by answering keybusiness questions while users enter transactions
C) elimination ofexception-based management
D) reducedcommunicationand collaboration by creating a community forthe project team

Solutions: