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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Functional Setup Manager and Implementation | 10% | - Use Rapid Implementation Workbook - Configure and manage implementation projects |
| Topic 2: Resource Management | 10% | - Configure enterprise resource setup - Manage resource allocation and utilization |
| Topic 3: Program Management and Reporting | 10% | - Set up programs and hierarchies - Configure project performance reporting and KPIs |
| Topic 4: Project Management Cloud Overview and Common Configuration | 15% | - Configure enterprise settings, reference data sharing - Set up calendars, periods, rate schedules, transaction sources - Describe architecture and components - Manage security, roles, duties and user experience |
| Topic 5: Project Costing | 20% | - Integrate with Time and Labor - Configure cost collection, allocations, burdening - Set up budgetary controls and cost controls |
| Topic 6: Project Billing and Revenue Management | 20% | - Configure cross-charging, transfer pricing - Set up revenue recognition and invoicing - Manage contract billing and revenue accounting |
| Topic 7: Project Planning, Control and Forecasting | 15% | - Define project budgets and forecasts - Set up project controls and performance tracking - Manage project schedules and progress |
You have closed the project accounting period with a warning, but you are unable to close the accounting period due to an error.
Identify two reasons for this problem.
Correct Answer: C 🗳️
Explanation: Only visible for TestkingPass members. You can sign-up / login (it's free).
You are currently involved in the implementation of the Project Financial Management solution for your client organization. Your client organization has two main lines of business: Consulting and Support. Consulting Services and Support Services organizations have different project planning, management, analysis and reporting requirements for the projects that they manage, though the management reporting and transaction processing requirements are the same for both the organizations.
What will be your recommendation?
Correct Answer: B 🗳️
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Your organization has a requirement to retrieve the value of the cost center segment based on the department.
Which source can you use while defining the account rule to achieve this requirement?
Correct Answer: A 🗳️
Explanation: Only visible for TestkingPass members. You can sign-up / login (it's free).
Which two statements are true about the cross-charge method, Borrowed and Lent?
Correct Answer: A 🗳️
Explanation: Only visible for TestkingPass members. You can sign-up / login (it's free).
You search for resources to fulfill a project resource request but are unable to proceed after receiving the following error message: "The search for resources cannot be completed because the project resource search index is not available. Contact your help desk." Identify the cause for this error message. (Choose the best answer.)
Correct Answer: A 🗳️
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