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| Section | Weight | Objectives |
|---|---|---|
| Resource Management | 10% | - Configure enterprise resource setup - Manage resource allocation and utilization |
| Functional Setup Manager and Implementation | 10% | - Configure and manage implementation projects - Use Rapid Implementation Workbook |
| Project Management Cloud Overview and Common Configuration | 15% | - Manage security, roles, duties and user experience - Configure enterprise settings, reference data sharing - Set up calendars, periods, rate schedules, transaction sources - Describe architecture and components |
| Project Planning, Control and Forecasting | 15% | - Set up project controls and performance tracking - Define project budgets and forecasts - Manage project schedules and progress |
| Project Billing and Revenue Management | 20% | - Manage contract billing and revenue accounting - Configure cross-charging, transfer pricing - Set up revenue recognition and invoicing |
| Project Costing | 20% | - Set up budgetary controls and cost controls - Integrate with Time and Labor - Configure cost collection, allocations, burdening |
| Program Management and Reporting | 10% | - Configure project performance reporting and KPIs - Set up programs and hierarchies |
1. Which two statements describe how the Resource Qualification Score is calculated?
A) An individual,s score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.
B) An individual,s score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification that meets the specified proficiency.
C) An individual,s score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification with a proficiency that is lower or higher than specified.
D) An individual,s score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have the qualification.
2. Which three are part of using the Rapid Implementation for Project Financial Management Applications macro-enabled Microsoft Excel spreadsheet to enter setup data?
A) Upload setup data.
B) Import Projects.
C) Prepare setup data.
D) File Import and Export.
E) Generate CSV files.
3. Your customer wants to see how quantity, cost, and revenue amounts are automatically distributed by using Spread Curve. Identify two period options that are available for this purpose.
A) PA Calendar
B) PA-GL Periods
C) Accounting Periods
D) Calendar Types
E) Project Accounting Periods
4. You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they review the rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month. Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)
A) Allocate rental costs once each accounting period by using the "full" allocation method.
B) Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task during the previous accounting period.
C) Define allocation basis by using Actual Amounts with a project-to-date amount class.
D) Define allocation basis by using Actual Amounts with a period-to-date amount class.
E) Allocate rental costs once each accounting period by using the "spread evenly" allocation method.
5. Which three are true of what you can do in the Project Requirements work area?
A) Organize backlog items by requirements.
B) Create project tasks for backlog items.
C) Create an implementation project.
D) Create an execution project.
E) Manage your list of backlog items.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |
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