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Last Updated: Aug 08, 2026
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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: Project Billing and Revenue Management | 20% | - Set up revenue recognition and invoicing - Configure cross-charging, transfer pricing - Manage contract billing and revenue accounting |
| Topic 3: Program Management and Reporting | 10% | - Set up programs and hierarchies - Configure project performance reporting and KPIs |
| Topic 4: Project Planning, Control and Forecasting | 15% | - Set up project controls and performance tracking - Manage project schedules and progress - Define project budgets and forecasts |
| Topic 5: Project Costing | 20% | - Configure cost collection, allocations, burdening - Set up budgetary controls and cost controls - Integrate with Time and Labor |
| Topic 6: Resource Management | 10% | - Manage resource allocation and utilization - Configure enterprise resource setup |
| Topic 7: Project Management Cloud Overview and Common Configuration | 15% | - Describe architecture and components - Manage security, roles, duties and user experience - Configure enterprise settings, reference data sharing - Set up calendars, periods, rate schedules, transaction sources |
1. Select two correct statements about project classifications on a template.
Response:
A) Set Code is not required for a project class category in a project classification.
B) When a project is created from a template, the required project classifications must be entered.
C) Project Classification is a mandatory field on a project template.
D) Project class category in a project classification must be associated with a Set Code.
2. Which two are the workflows in Project Financial Management?
A) Asset Line Generation
B) Burden Cost Recalculation
C) Capital Interest Calculation
D) Expenditure Item Adjustment
E) Project Status Change
3. Which three are project gate statuses? (Choose three.)
A) Closed
B) In Review
C) Open
D) Approve
E) Draft
4. Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction''s business unit.
Which reference data sharing method would you set up to meet the customer requirement? (Choose the best answer.)
A) assignment to one set only; no common values allowed
B) assignment to multiple sets; no common values allowed
C) assignment to one set only with common values
D) assignment to multiple sets; common values allowed
5. Your organization has been awarded a new contract based on which you are allowed to sell:
Items not tracked in inventory
Inventory items
Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)
A) Create two contract lines with a line type each of "product, project-based, sell agreement, standalone" and "sell intent, item, project-based".
B) Create two contract lines with a line type each of "sell intent, free-form, project-based" and "sell intent, item, project-based".
C) Create two contract lines with a line type each of "sell intent, item, project-based' and "subscription, project-based, sell".
D) Create two contract lines with a line type each of "free-form, project-based buy agreement" and "bundle sell, project-based".
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: C |
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