Interview Questions.

Q1. Explain The Cost Distribution Process In Project Costing?

Project costing module calculates costs for expenditure objects which aren't but costed. For instance the timesheets trferred from OTL module are interfaced solar-costed expenditure gadgets. The charges for the ones timesheets are yet to be calculated.

Cost may be derived by means of the usage of value costs setup in opposition to the venture. Cost rates may be setup against a particular corporation, Job or an employee.

For example: if eight hours is labored on a task in a day and the price fee for the timesheets worker is 100 usd / hour. Then the cost of that worker on that day is eight x 100 = 800 USD.

There can be extra charges related to a mission.

For instance: to carry out the eight hours of labor on that day, an worker would possibly have used additional assets including net, telephone, power and many others. These expenses are referred to as as indirect prices or confused fees.

Q2. What Is Project Contracts?

Oracle Project Contracts addresses budgetary constraints, agreement margins, go with the flow down of contract information to subcontractors, and prioritization of deliverables. The Contract Organizer window gives a unmarried access factor to get admission to and define agreement files. Through the Contract Organizer window, you can access unique purposeful areas along with authoring, deliverable tracking, investment, hold control, agreement revisions, and other contract related activities.

Oracle Project Contracts supports the contract management needs of undertaking pushed agencies, including commercial and government contractors, businesses, and subcontractors.

These groups function in a assignment centric environment characterized via:

Changing settlement specifications.

Volatile demand and long lead-instances.

High percent of procure-to-contract additives and services.

Contractual necessities for billing.

Incremental funding in a couple of currencies.

Compliance of government rules.

Q3. What Is Required For The Work Breakdown Structure (wbs) And Any Updates To The Wbs To Be Carried Through To The Financial Breakdown Structure (fbs) For Fully Or Partially Shared Structures?

The running version of the WP/WBS structure needs to be posted.   Note that the "PRC: Process Structure Updates" process must be submitted after any change is made to the WBS shape (eg: consisting of new challenge-assignment hyperlinks for programs).

Q4. Where Should Structures Be Setup?

Within venture templates which allows reuse of their parameters and settings as defaults while coming into new tasks.

Q5. What Does Quantity Represent For The Resource Classes?

For People and Equipment elegance aid assignments, quantity is equivalent to effort, even as for Material Item and Financial Element class resource assignments, quantity refers at once to the wide variety gadgets or elements used or consumed.

Q6. What Is Oracle Project Procurement?

Oracle Project Procurement enables task managers and task shoppers to collaborate and align their activities while planning, monitoring and dealing with the purchase of merchandise, substances and offerings wished to complete a assignment. Built the use of the electricity of Endeca for EBS, the utility integrates challenge management data from Oracle Project Planning and Control, project cost facts from Oracle Project Costing and procurement documents, dealer and buyer statistics from Oracle Sourcing and Procurement. This blended data affords key insights, metrics and get admission to to not unusual actions important to support choices and make sure strategic alignment of procurement sports with the mission’s goals.

Use Project Procurement’s assignment procurement plan to plan and music acquisitions wished to complete your initiatives. Use specialised analysis gear to discover your pl and your procurement history with suppliers and objects and make sure selection of the high-quality options. With command centers for each challenge management and undertaking purchaser users built on the identical, included statistics, you could make choices the use of up to date and commonplace measures that decorate venture execution and decrease venture wastage.

Q7. What Is The Use Of A Deliverable?

Deliverables can help you define and track the specified outputs a project or a selected assignment will require with the intention to successfully whole them inside a positive time frame.

Q8. What Is A Program And How Is It Linked To Other Programs Or Projects?

A software is a venture to which you could link other associated tasks. A program hierarchy includes associated projects rolling as much as this system through their task structures.

Q9. What Is Project Resource Management?

Oracle Project Resource Management allows organizations to control human useful resource deployment and potential for mission paintings. Built the usage of Oracle’s tested self-provider version, Oracle Project Resource Management empowers key task stakeholders, along with venture managers, useful resource managers, and staffing managers, to make higher use in their single maximum important asset: their human beings.

Project Resource Management module enables project managers to efficaciously manage the time table of the undertaking the use of the available assets. It facilitates in scheduling of the assets across numerous tasks of the mission primarily based on the resource availability. It also provides skills to team of workers various assets in an organisation to a assignment by way of raising resource necessities. Project managers also can raise useful resource necessities for a particular open position in a mission and also can mention the resource abilties required for that role.

With this application, you could control assignment useful resource needs; profitability and organisation usage with the aid of locating and deploying certified humans in your tasks across your agency. As a end result, you can improve client and worker delight, maximize resource usage and profitability, and growth your aggressive benefit.

Q10. What Is Project Billing?

Oracle Project Billing allows improve cash flow and undertaking profitability through streamlining and coping with your billing process. You can without difficulty overview and control invoices, sales, and funding for all your initiatives.

Project Billing module allows in calculating the sales and billing of a challenge. It helps in generating invoice for a customer mission based totally on the client agreement on that challenge, typically based on agreed upon bill charges, price terms and many others. Invoice is generated to the client primarily based at the quantity of hours worked at the undertaking. Project Billing additionally allows to perform milestone billing primarily based at the percent of work accomplished. Revenue and Invoice accounting is likewise performed the usage of project billing.

Q11. What Is Project Foundation?

Oracle Project Foundation affords the not unusual basis (functionality) shared across the products inside the Oracle Enterprise Project Management Solution. The purpose of Oracle Project Foundation is to bundle all the not unusual factors of Oracle Projects into a unmarried region.

Oracle Project Foundation accompanies all the Oracle Projects programs imparting you with a wealthy set of capabilities, along with:

Period Definition

Calendar Definition

Organization Definition

Resource Definition and Reporting

Project and Organization Security

Project and Task Definition

Organization Forecasting

Utilization

Archive and Purge

Oracle Project Foundation additionally helps the integration of Oracle Projects suite with different Oracle Applications inclusive of Oracle HRMS, Oracle Financials, Oracle CRM, and Oracle Supply Chain applications.

Basically, Project Foundation provides the basic infrastructure and additives for the Costing and Billing to work. For Costing and Billing to paintings we want simple infrastructure /additives like Projects, Tasks, WBS(Work Break Down Structure) and many others, Cost Rate Schedules, Bill Rate Schedules. These structures are created using Project Foundation APIs and therefore the name ‘Foundation’.

Q12. In Order To Take Advantage Of Baseline, Approval And Publication Functionality In Wps, Including Work Flow Notifications, What Is Required?

Enable Work plan versioning inside the Work plan Structure Information Page for project templates and projects.

Q13. Are Budgetary Controls Used In Pjt?

No. Budgetary controls are utilized in Project Costing only.

Q14. What Is Oracle Mobile Project Manager For Oracle E-business Suite?

With Oracle Mobile Project Manager for Oracle E-Business Suite, challenge managers and staff can screen assignment repute and take motion on the cross.

View and search my tasks list

Monitor average undertaking repute in dashboard view

Contact team individuals and consumer contacts

 View open bills summary with drilldown to provider invoices

View open receivables summary with drilldown to consumer invoices

View open problems and change orders

Monitor signals for price range exceptions and late tractions

Collaborate in traction context the use of device capabilities like email, phone, and textual content

Oracle Mobile Project Manager for Oracle E-Business Suite is like minded with Oracle E-Business Suite 12.1.3 and 12.2.3 and above. To use this app, you must be a user of Oracle Project Costing, with cell offerings configured at the server facet with the aid of your administrator. Users of Oracle Project Billing and Oracle Project Planning and Control get extra capability for purchaser billing, problems, and alternate orders.

Q15. What Are The Seeded Resource Classes Available?

People, Equipment,  Material Items and Financial Elements

Q16. How Project Accounting Interacts With Purchasing Module?

Project associated Purchase Orders are created in Oracle Purchasing module. This is a value against the venture and hence has to be trferred to oracle tasks.

There are 2 approaches to do that.

Create a Supplier invoice in opposition to the PO. Then interface the provider bill to tasks module.

In-case whilst we can not look ahead to an invoice to be created, we will need to trfer the PO fee directly to initiatives. This can be carried out by using growing a Purchase receipt in opposition to that PO. Then interface the receipts directly to initiatives module.

To interface the Purchase Receipts, PRC: Interface Supplier Costs system can be run. This process fetches all the receipts matched in opposition to the mission related PO.

Receipt distributions are interfaced to initiatives module as expenditure items.

Q17. What Is Oracle Project Planning & Control (a.Okay.A. Oracle Project Management Pre-12.2.5)?

Oracle Project Planning and Control is an incorporated part of Oracle Projects, a complete set of answers that will let you predictably and correctly deliver international tasks by integrating, coping with and supplying perception into organization task records.

Project Management module enables venture managers to manage the task effectively by using presenting them the visibility of a project ( how the challenge performs, what's the reputation of the venture, any issues in the mission and so forth). The capabilities involve Project Tracking, Performance Tracking and other widespread challenge management features. 

In release 12.2.Five, the product call, Oracle Project Management is changed to Oracle Project Planning and Control which higher displays the potential to provide project managers the visibility and control they need to deliver their initiatives effectively, improve profitability, and perform extra correctly. The software consolidates assignment information into one repository: paintings pl, progress, issues, changes, files, costing information, budgets, actuals and forecasts, overall performance, and status reports. The answer empowers task managers to plan the work, assign assets, forecast to final touch, and talk to stakeholders, whilst streamlining the collaborative execution of task paintings.

Q18. How Project Accounting Interacts With Accounts Payables Module?

Project related Supplier invoices are created in Accounts Payables module. This is a cost in opposition to the challenge and for this reason has to be trferred from payables to oracle initiatives. To interface the provider charges, PRC: Interface Supplier Costs method can be run. This technique fetches all of the accredited and but to be interfaced invoices to the initiatives module.

These invoices are trferred to Projects module as expenditure items. Each eligible bill distribution in an bill is trferred as an expenditure object to tasks module. The cost of the item is same because the invoice distribution quantity.

Q19. What Is Project Costing?

Oracle Project Costing facilitates you improve the lowest line of your initiatives by way of integrating and controlling all assignment prices. You can successfully manager project budgets, streamline processing, automate aid sharing management and capitalize property extra efficiently.

Project Costing module enables in calculating the value and accounting of a task. It additionally interacts with other modules along with Payables, Purchasing to interface fees related to a challenge.