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Oracle Planning 2024 Implementation Professional Sample Questions (Q15-Q20):
NEW QUESTION # 15
In which two ways do parent/child relationships between approval unit hierarchy members affect the review process?
- A. After all children are promoted to the same owner, the parent status is changed to Signed Off.
- B. When the status of all children changes to one status (for example. Signed Off) the parent status changes to the same status.
- C. After all children are promoted to the same owner, the parent is promoted to the owner.
- D. When you approve a parent. Its children are Signed Off.
Answer: B,C
Explanation:
In Oracle Planning 2024, the approval process uses an approval unit hierarchy where parent and child relationships influence the review workflow. The two ways these relationships affect the process are:
* A. When the status of all children changes to one status (for example, Signed Off), the parent status changes to the same status: Correct. In a bottom-up approval process, when all child approval units reach a uniform status (e.g., Signed Off, Approved), the parent's status automatically updates to match, reflecting the completion of the children's review.
* B. When you approve a parent, its children are Signed Off: Incorrect. Approving a parent does not automatically sign off its children; the workflow typically moves bottom-up, requiring children to be approved first.
* C. After all children are promoted to the same owner, the parent status is changed to Signed Off:
Incorrect. Promotion to an owner changes ownership, not necessarily status (e.g., Signed Off). Status changes are driven by approval actions, not just ownership.
* D. After all children are promoted to the same owner, the parent is promoted to the owner: Correct. In the approval hierarchy, once all child units are promoted to a new owner (e.g., for review), the parent unit is also promoted to that owner, ensuring the hierarchy progresses together.
The Oracle documentation confirms that A (status aggregation) and D (owner promotion) are key behaviors of parent/child relationships in the approval process, making them the correct answers.
References:
* Oracle Planning 2024 Implementation Study Guide: "Approval Unit Hierarchies" (docs.oracle.com, Published 2024-09-25).
* Oracle EPM Cloud Documentation: "Managing Approvals" (docs.oracle.com, Published 2023-12-20, updated for 2024).
NEW QUESTION # 16
Which module should you enable first to track the utilization of employees in Projects?
- A. Workforce module before Projects module
- B. Projects module before Workforce module
- C. Financials module before Projects module
- D. Projects module before Financials module
Answer: A
Explanation:
To track the utilization of employees in the Projects module of Oracle Planning 2024, the Workforce module must be enabled first. Employee utilization in Projects refers to tracking how employees' time and costs (e.g., hours worked, labor expenses) are allocated to specific projects. The Workforce moduleprovides the foundational data-such as employee details, roles, salaries, and hours-required to calculate utilization metrics. Once Workforce is enabled and configured with employee data, the Projects module can leverage this data via integration to track utilization against project tasks and budgets.
* A. Projects module before Financials module: Incorrect. Enabling Projects before Financials does not address employee utilization tracking, as Financials focuses on revenue and expense planning, not employee-specific data.
* B. Financials module before Projects module: Incorrect. Financials provides financial planning capabilities but does not manage employee data or utilization, which is a Workforce function.
* C. Workforce module before Projects module: Correct. Workforce must be enabled first to define employee data, which Projects then uses to track utilization through integration (e.g., via data maps or direct links).
* D. Projects module before Workforce module: Incorrect. Enabling Projects first without Workforce would limit utilization tracking, as Projects relies on Workforce for employee-related data.
The Oracle documentation specifies that Workforce is a prerequisite for detailed employee utilization tracking in Projects, making C the correct sequence.
References:
* Oracle Planning 2024 Implementation Study Guide: "Integrating Workforce with Projects" (docs.oracle.
com, Published 2024-09-20).
* Oracle EPM Cloud Documentation: "Tracking Utilization in Projects" (docs.oracle.com, Published
2023-12-15, updated for 2024).
NEW QUESTION # 17
Which two statements are true about approval units?
- A. Approval units can also include secondary dimensions within any entity.
- B. You can have up to three scenario/version combinations per approval unit.
- C. Approval units are combinations of scenario, version, and entity or part of an entity.
- D. You can set the option in Application Settings to include detailed annotations for approval units.
Answer: A,C
Explanation:
In Oracle Planning 2024, approval units manage the review process. The two true statements are:
* A. You can have up to three scenario/version combinations per approval unit: Incorrect. There's no strict limit of three scenario/version combinations per approval unit; multiple combinations are possible based on hierarchy design.
* B. Approval units are combinations of scenario, version, and entity or part of an entity: Correct.
Approval units are defined by Scenario (e.g., Budget), Version (e.g., Working), and Entity (e.g., Department) or entity hierarchies, forming the basis of the approval process.
* C. Approval units can also include secondary dimensions within any entity: Correct. Secondary dimensions (e.g., Product, Project) can be added to approval units within an entity to refine the scope of approval.
* D. You can set the option in Application Settings to include detailed annotations for approval units:
Incorrect. Annotations are cell-level notes, not an Application Settings option tied to approval units; they're managed separately.
The Oracle documentation confirms B and C as accurate descriptions of approval units, making them the correct answers.
References:
* Oracle Planning 2024 Implementation Study Guide: "Approval Units Overview" (docs.oracle.com, Published 2024-09-15).
* Oracle EPM Cloud Documentation: "Configuring Approval Units" (docs.oracle.com, Published 2023-
12-10, updated for 2024).
NEW QUESTION # 18
What two levels of workforce detail granularity would you need to perform Merit-Based Planning?
- A. Job
- B. Employee
- C. Employee and Job
- D. Merit
Answer: B,C
Explanation:
In Oracle Planning 2024's Workforce module, Merit-Based Planning involves planning salary increases or adjustments based on employee performance (merit). To perform this, you need workforce data at a level of granularity that includes individual employee details. The two levels required are:
* A. Merit: Incorrect. "Merit" is not a granularity level; it's a planning concept or assumption applied to employee data, not a structural level of detail.
* B. Employee and Job: Correct. This level combines employee-specific data (e.g., individual identity) with job-specific data (e.g., role, grade), enabling merit-based adjustments tailored to both the person and their position.
* C. Job: Incorrect. Job-level granularity (e.g., aggregated data for a role) lacks individual employee details, which are necessary for merit-based planning.
* D. Employee: Correct. Employee-level granularity provides the individual data (e.g., current salary, performance rating) needed to calculate merit increases for specific employees.
Merit-Based Planning requires at least Employee-level detail, and often Employee and Job for more precise planning (e.g., tying merit to job roles or grades). The Oracle documentation confirms these as the key granularity levels for this functionality, making B and D the correct answers.
References:
* Oracle Planning 2024 Implementation Study Guide: "Merit-Based Planning in Workforce" (docs.oracle.
com, Published 2024-10-10).
* Oracle EPM Cloud Documentation: "Workforce Granularity Levels" (docs.oracle.com, Published 2023-
11-15, updated for 2024).
NEW QUESTION # 19
Your administrator wants to create a Planning application with EPM Enterprise Cloud.
Which three Planning application types can you select when creating an application with EPM Enterprise Cloud?
- A. Custom
- B. Plan
- C. Modules
- D. Free Form
- E. Hybrid
Answer: A,C,D
Explanation:
When creating a Planning application with EPM Enterprise Cloud in Oracle Planning 2024, administrators can select from specific application types. The three available types are:
* A. Modules: Correct. The Modules type allows creating a preconfigured application with options like Financials, Workforce, or Capital, tailored to specific planning needs.
* B. Plan: Incorrect. "Plan" is not a distinct application type; it's a generic term for planning, not an option in the creation wizard.
* C. Free Form: Correct. Free Form provides a blank slate for custom cube design without predefined structures, offering maximum flexibility.
* D. Hybrid: Incorrect. "Hybrid" is not an application type in EPM Enterprise Cloud; it may refer to Essbase configurations, not Planning application creation.
* E. Custom: Correct. Custom allows building an application with user-defined dimensions and structures, distinct from Modules' prebuilt options.
The Oracle documentation lists Modules, Free Form, and Custom as the selectable types in EPM Enterprise Cloud, making A, C, and E the correct answers.
References:
* Oracle Planning 2024 Implementation Study Guide: "Creating Planning Applications" (docs.oracle.
com, Published 2024-10-20).
* Oracle EPM Cloud Documentation: "Application Types in EPM Enterprise Cloud" (docs.oracle.com, Published 2023-11-25, updated for 2024).
NEW QUESTION # 20
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