Oracle Project Management Cloud 2022 Implementation Professional: 1Z0-1057-22

Identify two attributes for which you can enter budgets that will be considered for Budgetary Controls in Project Portfolio Management. (Choose two.)

A. project

B. expenditure item

C. project classification

D. project plan type

E. resource

You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they review the rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month. Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)

A. Allocate rental costs once each accounting period by using the "full" allocation method.

B. Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task during the previous accounting period.

C. Define allocation basis by using Actual Amounts with a project-to-date amount class.

D. Define allocation basis by using Actual Amounts with a period-to-date amount class.

E. Allocate rental costs once each accounting period by using the "spread evenly" allocation method.

You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contract Line 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).

Then Bill Plan A is allocated against Project X - Task 10, and Bill Plan B is allocated against Project Y - Task 30.

Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario. (Choose two.)

A. Both the contract lines create only a single invoice because they are using the same contract.

B. Two invoices are created using the same contract.

C. Bill set number drives the grouping of transactions.

D. Invoice generation does not depend on bill plan. The invoices are created based on the contract line.