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Question: 3

Which types of rate schedules should be defined to allow rates to be used to generate financial plans?

  1. Job Labor Rates ScheduleNon Labor Rate Schedule
  2. Resource Class SchedulePlanning Rate ScheduleLabor Rates Schedule
  3. Resource Class ScheduleLabor Rates ScheduleNon Labor Rate Schedule
  4. ResourceClass SchedulePlanning Rate ScheduleNon LaborRates Schedule


Answer: C

Explanation:

Defining Rate Schedules

You can define four types of rate schedules. The following table lists the four types of rate schedules and indicates how you can use each rate schedule type in Oracle Projects.

Note:

*If you select the option to use planning rates, then you can choose the cost and revenue rate schedules to use to generate amounts. If you do not select the option to use planning rates, then Oracle Projects automatically chooses the rate schedules that are used to calculate actual cost and revenue (bill) amounts.

*You must specify rate schedules for resource class. When Oracle Projects is unable to determine the actual or planning rates to apply in a calculation, Oracle Projects automatically applies rates from the default rate schedules you specify for resource class.

Reference: Oracle Projects Fundamentals

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Question: 2

Identify two predefined transaction sources that Oracle Projects uses to import the transactions generated within Oracle Projects.

  1. Oracle Interproject Supplier Invoices
  2. Oracle Projects Intercompany Supplier Invoices
  3. Project Allocations
  4. Capitalized Interest
  5. Oracle Interprojed Customer Invoices


Answer: C,D

Explanation:

Oracle Projects uses predefined transaction sources to import project allocations and capitalized interest transactions that it generates internally.

Reference: Oracle Projects Implementation Guide, Transaction Sources

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Question: 3

Which types of rate schedules should be defined to allow rates to be used to generate financial plans?

  1. Job Labor Rates ScheduleNon Labor Rate Schedule
  2. Resource Class SchedulePlanning Rate ScheduleLabor Rates Schedule
  3. Resource Class ScheduleLabor Rates ScheduleNon Labor Rate Schedule
  4. ResourceClass SchedulePlanning Rate ScheduleNon LaborRates Schedule


Answer: C

Explanation:

Defining Rate Schedules

You can define four types of rate schedules. The following table lists the four types of rate schedules and indicates how you can use each rate schedule type in Oracle Projects.

Note:

*If you select the option to use planning rates, then you can choose the cost and revenue rate schedules to use to generate amounts. If you do not select the option to use planning rates, then Oracle Projects automatically chooses the rate schedules that are used to calculate actual cost and revenue (bill) amounts.

*You must specify rate schedules for resource class. When Oracle Projects is unable to determine the actual or planning rates to apply in a calculation, Oracle Projects automatically applies rates from the default rate schedules you specify for resource class.

Reference: Oracle Projects Fundamentals

Question: 1

Identify two ways to ensure that correct class category codes are recorded against relevant projects.

  1. Define as single template that has the class category already defined.
  2. Define the class category as mandatory on relevant project types.
  3. Define the class category as mandatory In the quick entry of the relevant templates.
  4. Define a project status workflow that checks whether the class category is defined before changing a project status.
  5. Includea”Not applicable” code in the class category definition.


Answer: B,C

Explanation:

B:To define class categories and class codes:

1.Navigate to the Class Categories and Codes window.

2.Enter a unique Class Category name and a Description.

3.Specify whether the class category is mandatory for every project you define.

Enable if all projects must have a code assigned to this class category. Do not enable if this class category is optional. If you do not enable this option, you cannot use this class category in your AutoAccounting rules.

4.Specify whether you want to use the class category in your AutoAccounting rules.

Suggestion: For each project, you can use only one code with one class category for use with AutoAccounting rules. If an AutoAccounting category already exists within a particular date range, assign an end date to the existing AutoAccounting category and then create a new one.

5.Specify whether you want to allow entry of only one class code with this class category for a project.

Note: Defining multiple class codes for one category for a project may affect reporting by class category; defining multiple class codes may cause your numbers to be included more than once.

6.Enter the Name, Description, and Effective Dates for each class code.

7.Save your work.

C:As part of a project template definition setup, you can choose which Quick Entry fields you want to define. Oracle Projects prompts you to enter information in these Quick Entry fields when you create a new project from a template. Choose Quick Entry fields for project information you want to enter (instead of accepting the template default) each time you create a project.

Order: Enter a number to indicate the sequence in which you want the Quick Entry fields to appear.

Field name: Choose the fields you want to appear in the Quick Entry window when you create a new project.

Specification: You enter a specification for the following field names:

Key Member:Select the project role type to use when creating the key member

Classification:Select the class category to use when creating the classification

Customer Name: Select the customer relationship to use when creating the project customer Prompt: You can enter a field name that is different from the predefined field name to display when you use Quick Entry.

Required: Choose whether you want to require entry for the Quick Entry field.