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QUESTION NO:35
Your organization has configured employee rate schedules. Which three
schedules can utilize employee rate schedules when delivering a project?
A. Job rate schedules
B. Planning schedules
C. Cost rate schedules
D. Bill rate schedules
E. Resource class rate schedules
Answer: B, C, D
Explanation:
You can use rates to calculate amounts for costing, billing, and workplan and
financial planning. Oracle Projects determines rates from a combination of
rate schedules and rate overrides. You can define the following four types of
rate schedules in Oracle Projects:
*Employee: Use this type of rate schedule to define standard hourly rates or
percentage markups by employee. You can use employee rate schedules as
planning schedules(B), cost rate schedules(C), and bill rate schedules(D).
* Job: Use this type of rate schedule to define standard hourly rates by job
title. When you enter a job-based rate schedule, you enter a job group to
indicate which jobs are used to determine rates. You can use job schedules as
planning rate schedules, cost rate schedules, and bill rate schedules.
* Resource Class : Use this type of rate schedule to define planning rates by
resource class, or as a combination of resource class and organization.
*Nonlabor: Use this type of rate schedule to define rates or percentage
markups by nonlabor expenditure type or a combination of nonlabor
expenditure type and nonlabor resource. You can use nonlabor rate schedules
as planning rate schedules, cost rate schedules, and bill rate schedules.
Reference:
Rate Schedule
QUESTION NO:16
A project is undertaken for a customer where all labor costs are non-billable,
and Non-Labor costs are billable if the accumulated costs incurred are greater
than $10k. How can Oracle Projects be implemented to support this?
A. Use transaction controls to restrict billing to Non-Labor elements and to
calculate the bill amounts on Non-Labor.
B. Use transaction controls tobilling Non-Labor elements, capture the value
on the project, and then use the Non-Labor billing extension to calculate when
an activity is billable.
C. Create an agreement and funding for $10k only, and fund only those tasks
on a project where you estimate to incur costs of $10k or more.
D. Use the cost-to-cost billing extension to build billing rules to meet the
requirement.
E. Use the cost accrual extension.
Answer: B
QUESTION NO:11
Which three types of People Resources does Oracle Projects support?
A. Team Roles
B. Straight Time
C. Jobs
D. Item
E. Named Person
Answer: A, C, E
Explanation:
Note:
*People resources represent named persons or any grouping of named
persons(E)by attributes such as job(C), organization, or role(A), whose time
(effort) capacity is consumed to complete the project work. Example: Amy
Marlin
QUESTION NO:24
A one-time additional public holiday has been announced for this year. You
update the PA Calendar, which is used for Resourcing with this exception.
Select the two options required to ensure that this change is reflected in the
existing assignment on resource calendars.
A. Run”PRC: Generate CalendarSchedules.”
B. Run “PRC: Rebuild Resource Timeline.”
C. Inform Resource Managers that they will have to redo all the existing
planning.
D. Run “PRC: AutomatedCandidate Search.”
E. Run “PRC:Refresh project summary amounts.”
Answer: A, B
Explanation:
Changes to these calendars impact the schedules of the person resources,
requirements, and assignments differently. Oracle Project Resource
Management provides the following administrative processes to help manage
these changes and to maintain consistent schedule information throughout the
application:
PRC: Generate Calendar Schedule for a Single Calendar PRC:
Generate Calendar Schedules for a Range of Calendars PRC:
Rebuild Timeline for a Single Resource
PRC: Rebuild Timeline for a Range of Resources
Reference:
Oracle Projects Fundamentals,Assigning People to Projects
QUESTION NO:52
Your company has two separate expenditure types to capture straight time and
overtime labor transactions across all projects. When running cost distribution
for labor transactions, the straight time labor must be charged to a labor
expense account and overtime labor costs to an overhead expense account.
How would you set up two different expense accounts?
A. Set up the account at the Expendituretype definition.
B. Define an Auto Accounting rule to derive account based on expenditure
and attach it the Auto Accounting function “Labor Cost Account.”
C. Define an Auto Accounting rule to derive account based on expenditure
and attach it the Auto Accounting function “Labor Cost Clearing Account.”
D. Set up the account at the Expenditure type usage definition.
E. Set up the account at the Labor costing rule definition.
Answer: B
Explanation:
Implement AutoAccounting to charge appropriate expense accounts
When you implement AutoAccounting, you can charge straight time costs to a
labor expense account and overtime costs to an overhead or overtime expense
account. To charge straight time and overtime to different accounts, you
define an AutoAccounting rule based on expenditure type, expenditure
category, service type, compensation rule, or labor cost multiplier.
Note:
*Labor Cost Account Function
When you run the PRC: Distribute Labor Costs process, Oracle Projects
calculates labor cost amounts based upon employee labor cost rates and
compensation rules. After calculating labor costs, Oracle Projects uses the
Labor Cost Account transactions to debit an expense account for raw labor
costs.
*You need to define at least one overtime expenditure type. You use the
Expenditure Types window to define overtime expenditure types classified by
the Overtime expenditure type class.
QUESTION NO:56
You have set up a capital projects “Building Construction” with task “Block
A.” Which method should be used to capitalize the transactions charged to
“Block A” with the expenditure type “Construction Costs” and expense the
transactions charged to “Block A” with the expenditure type “Overheads”?
A. In the Expenditure type setup, mark”Overheads”as Non-capitalizable.
B. Set up transaction controls at the”Block A”task to make”Overheads”Non-
capitalizabale.
C. Define the”Block A”task as Non-capitalizable.
D. Exclude”Overheads”from Capitalization in Asset assignments.
E. Use Asset Lines Processing Extension.
Answer: B
Explanation:
Capitalizable to Non-Capitalizable or Non-Capitalizable to Capitalizable
You can mark a capitalizable expenditure item as non-capitalizable, or vice
versa. A capitalizable item can be grouped into an asset line you send to
Oracle Assets. A non-capitalizable item cannot become an asset cost in Oracle
Assets. You can define tasks as capitalizable or non-capitalizable; you can
further specify which items are non-capitalizable using transaction controls.
Reference:
Types of Expenditure Item Adjustments
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