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1. Your customer wants to perform billing based on the Percent Spent invoice method. Identify two setups that are required in project contracts for calculating invoice amounts as per their requirement. (Choose two.)
A) billing events
B) expenditure items
C) billing controls
D) invoice method
E) bill plan
2. Your customer wants a projectstart date to cascade to the project tasks but does not want the finish date to be cascaded. Identify the default setup in a project template that can be used to enable this.(Choose the best answer.)
A) Cascade change to the start date.
B) Cascade change to the start date and the finish date.
C) Cascade change to the finish date.
D) Do not cascadedate changes.
3. Your client organization has recently undergone a restructuring exercise that has resulted in the creation of new jobs. The Resource Breakdown Structure (RBS) was previously created with existing jobs, and now the new jobs have been added to the existing Resource Breakdown Structure.
Identify the correct statement about the RBS and new resources. (Choose the best answer.)
A) If the "Allow resource changes at project level" option is set to for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.
B) If the "Allow resource changes at project level" option is set to Yes for the RBS, the new resources are available automatically at project level.
C) If the "Allow resource changes at project level" option is enabled for the RBS, the new resources added at project level are automatically reflected in the RBS.
D) If the "Allow resource changes at project level" option is set to No, the new resources and resource formats that are added to a Planning Resource Breakdown Structure for one project are not available for other projects.
4. 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 184
B) USD 134
C) USD 120
D) USD 70
5. In your customer site, the capitalized interest calculation is implemented on their project types. Which option represents the costs considered in the interest calculation? (Choose the best answer.)
A) common costs on the project/task
B) expenditure items whose costs are applied to a single asset or multiple assets
C) expenditure items whose cost spreads across multiple assets that are capitalized
D) expenditure type exclusions on the Capitalized Interest rate schedules
E) expenditure type exclusions on the Capitalized Interest rate name
Solutions:
Question # 1 Answer: C,E | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: B |
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