Oracle 1Z0-567 Online Practice Questions and Exam Preparation

Oracle 1Z0-567 Online Questions & Answers

• Question 41:

  You are a program manager for a group of 10+ projects. You actually have a dedicated node for each program, and your owned projects reside under each node. Each program has its own unique requirements for viewing activity data.

  You do not want to ask for activity codes that would be visible to the entire organization. Which activity coding solution would serve the needs of the project managers in your programs?

  A. Create global activity codes.
  B. Create user activity codes.
  C. Create project activity codes.
  D. Create EPS activity codes.
  D. Create EPS activity codes.

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  EPS activity codes can be used only in projects that belong to a specified EPS, including its subordinate EPS nodes, if any. Note:

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  An activity code can be designated as one of three types: Global, EPS, or project.

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  Activity Codes can be defined through the Administer | Enterprise Data dialog, where they can be set at the Global, EPS, and Project level. Activity codes help to sort, filter, and group activities.

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  Some data can be stored either at the enterprise level, or at the project level. One such example is activity codes. Some activity codes may be enterprise, perhaps CSI codes to identify the type of work. Others, such as the specific floor in a multi-story construction, are particular to one project and meaningless in others.

• Question 42:

  Select the true statement regarding currencies.

  A. Only one base currency is supported per database.
  B. Currencies are updated daily per exchange rates.
  C. Only 10 currencies are supported in Primavera.
  D. Only two currencies are supported in Primavera.
  A. Only one base currency is supported per database.

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  The base currency is the monetary unit used to store cost data for all projects in the database and is controlled by a global administrative setting in the Project Management module. The default base currency for Primavera is US dollars ($). The view currency is the monetary unit used to display cost data in Primavera and is controlled by a user preference.

  Note: All costs are stored in the Based Currency. All costs are stored in the Base Currency and all other Currencies are calculated values using the Base Currency value and conversion rate.

• Question 43:

  Identify three types of activity codes.

  A. Global
  B. Activity
  C. Project
  D. EPS
  E. WBS
  F. Resource
  A. Global
  C. Project
  D. EPS

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  Note: Global Activity Codes (but not Project-level or ESP-level) that may be created at any time and applied to any project.

• Question 44:

  You are a project manager on a fixed-bid contract. This contract has actually been positioned as a "loss leader" within your company because it is your first contract with this customer. The hope is that you can prove yourself to the customer and win additional business at higher margins down the road. The margins for this contract are very slim.

  What would be the best solution to set up in P6 to give you the visibility that you need to minimize the probable financial loss?

  A. Set a Mandatory Finish constraint at each contractual milestone and track schedule performance against the constraint.
  B. Set all activities in your project plan to Physical % Complete, and use Remaining Duration to track schedule performance.
  C. Set all activities in your project plan to Units % Complete, and use Remaining units to track schedule performance
  D. Set a Must finish By date at the project level, and track schedule performance using float in the project plan.
  B. Set all activities in your project plan to Physical % Complete, and use Remaining Duration to track schedule performance.

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  Note: Percent complete

  You can also update activity status by entering the completed percentage against it. In the Activity Details screen, you can set the percentage complete for the activity to be one of these three types:

  

  Duration: It simply calculates the current date versus the start date and planned duration.

  

  Physical: It requires statusing both resource units (remaining duration or percent complete). This delivers a better representation of progress, but at the cost of requiring greater detail.

  

  Units: It requires statusing of remaining units. The percent of delivered units compared to planned units drives progress for the activity.

• Question 45:

  What is the significance of the "Summarize project based on detailed activity resource assignments" setting?

  A. Summarized project data will reflect top-down plans.
  B. Summarized project data will reflect bottom-up plans.
  C. Summarized project data will reflect integrated actuals.
  D. Summarized project data will be monetized.
  B. Summarized project data will reflect bottom-up plans.

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  Use the Detail Activity Resource Assignments option for in-progress projects when you want to review detailed activity-level summarized data, for example, for earned value reporting.

  Note: `Summarize Project Based on' determines whether the Summarizer calculates and displays rolled-up data based on resource assignments at the activity or project level. Note 2: You can summarize project data to a specific WBS level when calculating and maintaining summary data.

  

• Question 46:

  You are a portfolio manager looking for a new portfolio that you manually created for your own use. You have clicked the Group By drop-down list in Portfolios. What option would you select to quickly find your portfolio?

  A. Global Portfolio
  B. Global filtered Portfolio
  C. User Portfolio
  D. User Filtered Portfolio
  D. User Filtered Portfolio

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  Use a filter to display the most recently created portfolios.

• Question 47:

  You are a project manager addressing risk responses in your Risk Register. As you created your Risk Register, you also created multiple mitigating/response plans for each risk. Identify the functionality that will indicate which response plan is primary.

  A. Response plan marked Active
  B. Response plan with the closest start date
  C. Response plan with lowest cost
  D. Response plan marked highest priority
  A. Response plan marked Active

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  Response Plan row: Create one or more response plans while you are in the planning phase and indicate the response type. When you have analyzed your response options, choose one response plan by selecting the Active option next to the appropriate response plan.

  In the example below, two response plans have been created for the Concrete supply constrained risk. The first plan is to accept the risk and take no action; the second plan is to reduce the impact of the risk by contracting with alternative suppliers. You can see this second plan was selected as the plan of choice.

  

  Note:

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  A risk register and risk scoring matrix provide a system for monitoring and tracking risks.

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  Rather than having a single response, you can create multiple responses to a risk.

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  Once you have established your risks, you can view the Probability and Impact Diagram, which shows how the risks are coded. Several pre-defined PID matrices have been provided from which we can choose.

  

  References:

• Question 48:

  What is the significance of setting "Summarize project based on high-level resource planning"?

  A. Summarized project data will reflect top-down plans.
  B. Summarized project data will reflect bottoms-up plans.
  C. Summarized project data will reflect actuals pushed from another application.
  D. Summarized project data will be monetized.
  A. Summarized project data will reflect top-down plans.

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  Typically, use the High Level Resource Planning option for future projects that are currently planning only high-level resource allocation requirements, or for projects that are underway, but for which you do not want to assign resources at a detailed activity-level.

  Note: `Summarize Project Based on' determines whether the Summarizer calculates and displays rolled-up data based on resource assignments at the activity or project level. Note 2: You can summarize project data to a specific WBS level when calculating and maintaining summary data.

  

• Question 49:

  Identify the key benefit of the Plan Resources view.

  A. You can create resource staffing scenarios using waterline analysis.
  B. You can identify staffing shortfalls within detailed project plans.
  C. You can view and analyze resource allocation without assignments to activities.
  D. You can view and assign resources mapped to appropriate roles with the highest skills.
  C. You can view and analyze resource allocation without assignments to activities.

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  Note:

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  You can delete a financial period that has high-level assignment planning values (as entered on the Plan Resources page of P6) as long as the financial period does not contain past period actuals. When you delete a financial period that has high-level assignment planning values, the values are deleted as well.

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  View options for including assignments made in the Plan Resources view in other allocation related view in Primavera

• Question 50:

  Identify the true statement regarding project templates.

  A. They are managed using Methodology Manager.
  B. They are managed in the web in the same database.
  C. They are created in the client and managed in the web.
  D. They are created using Project Architect.
  B. They are managed in the web in the same database.

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  Oracle Primavera EPPM 8.0 (also known as P6 Release 8.0 or P6R8) introduces users to Project Templates. In previous versions, Oracle Primavera had Methodology Manager and Project Manager. Now with P6 R8 (P6R8, P6R8.2) Templates can be easily identify and stored within the Project Management database. This new feature enables the Project Controls/Project Management Office (PMO) having one single global dictionary for project codes, activity codes, roles, administration preferences and security profiles.

  Note 1: Project templates help you create new projects by providing a common set of project properties and items that can be used to create new projects quickly. This will allow you to get right to implementing your project plan.

  Note 2: Templates Features

  Same Graphical User Interface (GUI) Single Application One Global Dictionary Templates within the EPS Hierarchy Re-use existing project data Project setting for Templates Apply partial Template information Template Description Project Codes Same GUI

  There is a new Enterprise Project Structure (EPS) view that easily allows the addition of Project Templates.