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Exam Code: L5M3
Exam Name: Managing Contractual Risk
Vendor: CIPS

60 Questions & Answers
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NEW QUESTION: 1

A. Option C
B. Option D
C. Option B
D. Option A
Answer: B

NEW QUESTION: 2
While creating a new project template, you notice that a default Asset Cost Allocation method is being automatically associated. Identify the source setup from which the default value is being inherited. (Choose the best answer.)
A. project unit
B. project type
C. project classification
D. project organization
Answer: B
Explanation:
Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/define-project.html#OAPJF22011 Asset Cost Allocation Methods The asset cost allocation method determines how indirect or common costs incurred on a project are allocated to multiple assets.
You can specify an asset cost allocation method to enable Oracle Fusion Project Costing to automatically allocate unassigned asset lines and common costs across multiple assets. Unassigned asset lines typically occur when more than one asset is assigned to an asset grouping level.
Projects and project templates inherit a default asset cost allocation method from the associated project type.
You can override the default at the project level. If you use capital events to allocate costs, then you can also override the asset cost allocation method at the event level Asset Cost Allocation Methods The following table describes the available asset cost allocation methods.
Method
Basis of Cost Allocation
Actual Units
Number of units defined for each asset
Current Cost
Construction-in-process (CIP) cost of each asset
Estimated Cost
Estimated cost of each asset
Standard Unit Cost
Combination of the standard unit cost and the number of units defined for each asset Spread Evenly Equal allocation of cost to each asset

NEW QUESTION: 3
The method to retrieve a list of organizations where a user has direct membership is:
A. All of the above
B. UserLocaIServiceUtil.getUserOrganizations()
C. GroupLocalServiceUtil.getUserOrganizations()
D. OrganizationLocalServiceUtil.getUserOrganizations()
Answer: D


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