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1. You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
Associated Project Budgeted Cost: USD 300
Contract Amount: USD 1000
Project Funded Amount: USD 750
Sum of Existing Revenue Events: USD 80
Identify the Associated Project Spent revenue that will get generated based on the preceding details. (Choose the best answer.)
A) USD 134
B) USD 70
C) USD 184
D) USD 120
2. Green House Corporation has decided to enable the budgetary control feature for their projects. At which two levels will they be able to enter the amounts in the budget versions for these projects?
(Choose two.)
A) Project
B) Expenditure Category
C) Top resource
D) Task
E) Expenditure Type
3. In your customer site, the capitalized interest calculation is implemented on their project types. Which option represents the costs considered in the interest calculation? (Choose the best answer.)
A) expenditure type exclusions on the Capitalized Interest rate schedules
B) expenditure items whose costs are applied to a single asset or multiple assets
C) common costs on the project/task
D) expenditure items whose cost spreads across multiple assets that are capitalized
E) expenditure type exclusions on the Capitalized Interest rate name
4. Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types.
Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)
A) Create a revenue method classification with a revenue method of Percent Spent.
B) Create a revenue method with a revenue method classification of Amount Based.
C) Create a revenue method with a revenue method classification of Rate Based.
D) Create a revenue method classification with a revenue method of Percent Complete.
5. Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs for rate-based planning resources. (Choose the best answer.)
A) Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule
B) Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule
C) Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule
D) Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate
E) Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,D | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: C |
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