Q1. What type of project will a company require to use Organization Forecasting?
A.contract project
B. Administration Project
C. Organization Planning Project
D. capital project
E. multi-function project
Correct Answer: A
Q2. 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 Calendar Schedules.'
B. Run 'PRC: Rebuild Resource Timeline.'
C. Inform Resource Managers that they will have to redo all the existing planning.
D. Run 'PRC: Automated Candidate Search.'
E. Run 'PRC: Refresh project summary amounts.'
Correct Answer: A, B
Q3. A new contract project is created for work for a customer by using event-based billing. A decision has been made to give a discount to the customer on a particular invoice. You want to apply this discount and reduce the invoice without affecting revenue. Which event type should be used to achieve this?
A.Manual
B. Invoice Reduction
C. Deferred Revenue
D. Automatic
E. Scheduled Payment
Correct Answer: D
Q4. A project has two customer billing elements. One part of the project is based on a fixed fee and the other part is a variable based on a cost plus basis. The customer requires separate invoices for fixed fee elements and variable works elements. How can agreements be used to provide separate invoices?
A.Create each element as a top task and implement top task billing for the project.
B. Create each element as a top task on the project and create an agreement for variable works and one for fixed fee. Then fund the project at the top task level.
C. Have one agreement and create an invoice grouping rule in Accounts Receivable.
D. Create one agreement and fund the project.
E. Use billing events and create separate events per purchase order.
Correct Answer: B
Q5. An organization has agreed to bill rates based on a person's job, which are updated annually. The rates are recorded on a default bill rate schedule that is attached to each project. An employee has and HR assignment job of Consultant. However, the employee is temporarily working on a project as a Project Manager. What is the correct way to ensure that the employee's time is billed correctly?
A.Amend the employee's HR assignment to Project Manager.
B. Add the employee as a separate line to the default bill rate schedule.
C. Use the transaction control functionality at the project level.
D. Use the assignment override at the project level.
E. Use the employee bill rate override at the project level.
Correct Answer: D
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