1z1-498 Exam Training Practice Tests (Oracle Fusion Project Portfolio Management 2014 Essentials)]

Question 1

Select the phrase that best completes the sentence below.

A. a job B. a privilege C. an abstract role D. a duty

Correct Answer: D

Question 2

Select two correct statements pertaining to project classifications on a template.

A. There can be a maximum of 20classifications that are allowed for entry using Quick Entry. B. When a project is created from a template, the project classifications can be deleted or added C. A project classification is a mandatory field on a project template D. When a project is created from a template, the project classifications cannot be deleted or added

Correct Answer: A,D

Question 3

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

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

Correct Answer: A,D

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Question 4

By using Project Integration Gateway, a person can use Global Data model to provide the capability to set up the integration for a business unit and a project unit combination. Based on this information, identify two true statements regarding this integration model.

A. Business unit provide planning resource breakdown structure. B. Projectunitprovides financial periodsand currency C. Business unit providesFinancial periods and currency D. Project unitprovides resources.

Correct Answer: A,C

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Question 5

Identify the mandatory setup step under Project Invoicing options when you use Fusion Project Billing with Fusion receivables?

A. Specify Override reasons B. Specify Billing cycles C. Specify unit of measure for invoicelines sent to Fusion receivables D. Define Project Billing DescriptiveFlex Fields

Correct Answer: B

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Question 6

In your project, during the Project Business Unit implementation, you have set the project accounting calendar to the accounting calendar and you also selected the option to maintain common accounting and project accounting periods. In such a case, which application area is the project period status managed in?

A. In either Fusion Project Portfolio Management or in Fusion GL B. Both Fusion General Ledger and Fusion Project PortfolioManagement C. Fusion General Ledger only D. US I onProject Portfolio Managementonly

Correct Answer: A

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Question 7

Identify which item is editable at the Project level

A. Default FinancialType B. Workflows C. Multiple Transaction Currencies D. Planning Amount E. Third-party Scheduling

Correct Answer: B

Question 8

Select two true statements regarding OTBI.

A. OTBI helps in strategic decision such as "Is it worthwhile forme executeprojects for thiscustomer"? B. OTBI is thebusiness solution that helpsin current state analysis. C. OTBI helpsin performingtrend analysiswith unlimited historical data D. OTBI helps in tactical reporting such as helping in decisions such as "Do I need more resources on this project"?

Correct Answer: A,B,D

Oracle Fusion Project Portfolio Management 2014 Essentials - 1z1-498 Exam Practice Test