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Oracle Planning 2024 Implementation Professional Sample Questions (Q51-Q56):
NEW QUESTION # 51
Which configuration task is NOT mandatory in Workforce?
Answer: A
Explanation:
In Oracle Planning 2024's Workforce module, certain configuration tasks are mandatory to enable basic functionality, while others are optional depending on the organization's needs. The task that is not mandatory is:
* A. Employee Type: Incorrect. Defining Employee Type (e.g., full-time, part-time) is mandatory because it establishes the categories of employees to be planned, forming the foundation of workforce data.
* B. Planning and Forecast Preparation: Incorrect. This task is mandatory as it sets up the planning periods, scenarios, and versions, which are essential for Workforce to function within the broader Planning application.
* C. Benefits and Taxes: Correct. Configuring Benefits and Taxes is optional. While Workforce provides predefined options to calculate benefits (e.g., health insurance) and taxes (e.g., payroll taxes), organizations can choose not to configure these if they do not need detailed compensation planning beyond salaries.
* D. Workforce Assumptions: Incorrect. Workforce Assumptions (e.g., hiring rates, salary increases) are mandatory to drive calculations and populate employee data over time.
The Oracle documentation specifies that while Benefits and Taxes enhance Workforce planning, they are not required for core functionality, making C the non-mandatory task.
References:
* Oracle Planning 2024 Implementation Study Guide: "Configuring Workforce Module" (docs.oracle.
com, Published 2024-10-01).
* Oracle EPM Cloud Documentation: "Workforce Configuration Tasks" (docs.oracle.com, Published
2023-11-20, updated for 2024).
NEW QUESTION # 52
Which card in the Application cluster allows you to enable modules?
Answer: B
Explanation:
In Oracle Planning 2024, the Application cluster in the navigator includes cards for managing application settings and features. The card that allows you to enable modules (e.g., Workforce, Projects) is:
* A. Settings: Incorrect. Settings is not a card in the Application cluster; it's typically a broader system- level option, not specific to module enablement.
* B. Configure: Correct. The Configure card in the Application cluster provides access to the Enable Features page, where administrators can turn on modules like Financials, Workforce, or Projects.
* C. Tools: Incorrect. The Tools card offers utilities (e.g., diagnostics, job scheduling), not module enablement.
* D. Enable Features: Incorrect. While "Enable Features" is the specific action/page, it is accessed via the Configure card, not a standalone card in the Application cluster.
* E. Cube Editor: Incorrect. Cube Editor is for managing cube structures (e.g., dimensions), not enabling modules.
The Oracle documentation specifies that the Configure card is the entry point for enabling modules, making B the correct answer.
References:
* Oracle Planning 2024 Implementation Study Guide: "Enabling Modules in Planning" (docs.oracle.com, Published 2024-08-30).
* Oracle EPM Cloud Documentation: "Application Cluster Navigation" (docs.oracle.com, Published
2023-12-05, updated for 2024).
NEW QUESTION # 53
Which module should you enable first to track the utilization of employees in Projects?
Answer: B
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 # 54
You want to allocate project expenses to one or more capital assets.
Which two statements describe what you need to set up in Projects or Capital to share the data?
Answer: A,D
Explanation:
To allocate project expenses to one or more capital assets in Oracle Planning 2024 Implementation, integration between the Projects and Capital modules must be established. Two specific setup steps are required to enable this data sharing:
* B. In Projects, under Expenses, select Integration with Capital: This step activates the integration feature within the Projects module's Expenses section, allowing project expenses to be allocated to capital assets. It ensures that expense data flows from Projects to Capital for association with specific assets.
* D. In Projects, on the Enable page, enable projects of type Capital: Enabling "Capital" as a project type on the Projects Enable page allows the system to recognize projects that are capital-related, facilitating the linkage of expenses to capital assets. This step defines the scope of projects eligible for integration with Capital.
* A. In Capital, under Expenses, select Integration from Projects: Integration is configured from the source module (Projects) to the target (Capital), not the other way around. Capital receives data but does not initiate the integration.
* C. In Capital, on the Enable page, in Map/Rename Dimensions, add a custom dimension called Project: Adding a custom dimension in Capital is unnecessary for this integration. The standard integration process relies on predefined mappings, not custom dimensions.
BothBandDare necessary to fully set up the allocation of project expenses to capital assets, as they address enabling the project type and activating the expense integration.
References
* Oracle Enterprise Performance Management Cloud Documentation: "Administering Projects - Integration with Capital" (docs.oracle.com, updated 2024). Confirms that "Integration with Capital under Expenses" and "enabling Capital project types on the Enable page" are required to share project expenses with Capital.
* Oracle Planning 2024 Implementation Study Guide: Lists these two steps as essential for allocating project expenses to capital assets.
NEW QUESTION # 55
Which task must be completed before EPM administrators import a Machine Learning model into Planning?
Answer: A
Explanation:
Before an EPM (Enterprise Performance Management) administrator can import a Machine Learning (ML) model into Oracle Planning, a prerequisite task must be completed by data scientists. According to Oracle's
"Bring Your Own ML" feature in the Planning application, the process begins with data scientists gathering historical data related to a business problem, training an ML algorithm, and generating a Predictive Model Markup Language (PMML) file using a third-party data science tool or Oracle Data Science Cloud. This PMML file represents a fully trained ML model that can then be imported into the Planning application by an EPM administrator.
Option A is correct because it aligns with this prerequisite step: the ML model must be pretrained and saved as a PMML file before the import process can begin. Option B is incorrect because Groovy rules are not created by data scientists to evaluate historical data; instead, these rules are automatically generated by the Planning application during the import process to integrate the ML model with the application. Option C is also incorrect, as EPM administrators do not generate PMML files by creating data models and pushing data- instead, they import an existing PMML file. Finally, Option D is incorrect because while EPM administrators may create data maps and Groovy rules as part of the deployment process, this occurs after the PMML file is imported, not before.
The Oracle Planning 2024 Implementation documentation emphasizes that the "Bring Your Own ML" functionality relies on importing a prebuilt PMML file, making the data scientists' role in building and training the model a mandatory first step.
References:
* Oracle Planning 2024 Implementation Study Guide: "Bring Your Own ML: About Machine Learning Model Import" (docs.oracle.com, Published 2024-09-04).
* Oracle EPM Cloud Documentation: "Importing ML Models" (docs.oracle.com, Published 2022-06-17, updated for 2024).
NEW QUESTION # 56
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