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Learn the fundamentals of Dynamics 365 Project Operations Microsoft Quiz Answers
Get Learn the fundamentals of Dynamics 365 Project Operations Microsoft Quiz Answers
This learning path introduces learners to the Dynamics 365 Project Operations application. Learn about the project life cycle management capabilities of the product, as well as project planning and execution capabilities.
This learning path helps prepare you for Exam MB-920: Microsoft Dynamics 365 Fundamentals (ERP).
Prerequisites:
You should have a fundamental understanding of financial principles and business operations. An understanding of cloud computing is helpful, but isn’t necessary.
Module 1: Identify project life cycle management capabilities in Dynamics 365 Project Operations
This module discusses the core capabilities of Microsoft Dynamics Project Operations to help you manage the financial aspects of your project-based business.
Learning objectives:
After completing this module, you will be able to:
- Describe the project lifecycle including project invoicing and revenue recognition.
- Describe project-based services.
- Describe project sales capabilities.
- Describe project contract capabilities.
- Describe project pricing capabilities.
Prerequisites:
You should have a fundamental understanding of financial principles and business operations. An understanding of cloud computing is helpful but isn’t necessary.
Quiz 1: Knowledge check
Q1. A project manager at Contoso is new to Project Operations and asks what he needs to do to make the information in a project quotation become binding. What is your advice?
- Copy the information in the quotation in a project associated with a project contract.
- Enter the estimated surcharges for the project in the quotation.
- Just create the project quotation, information in it is binding from the start.
Q2. Which journal type is a project journal?
- Hour
- Allocation
- Elimination
Q3. Which project type allows billing the customer for costs that include hours, expenses, items, and fees?
- Fixed price
- Time and material
- Cost
Module 2: Explore the project planning and execution capabilities of 365 Project Operations
This module introduces you to the project execution and analysis capabilities of Microsoft Dynamics 365 Project Operations to help you optimize resource management, schedule management and time and expense management for your project-based business.
Learning objectives:
After completing this module, you will be able to:
- Describe project planning capabilities.
- Describe project execution capabilities.
- Describe the work breakdown structure.
- Describe project invoicing capabilities.
- Describe project cost tracking capabilities.
Prerequisites:
You should have a fundamental understanding of financial principles and business operations. An understanding of cloud computing is helpful but isn’t necessary.
Quiz 1: Knowledge check
Q1. Erika, a project manager at Contoso wants to see the accumulated actual hours for a task compared to the planned hours in the WBS. Which view should Erika use in the WBS?
- Effort tracking view
- Cost tracking view
- Planning view
Q2. Rodney, a project manager at Contoso, needs to assign resources to a new project. Rodney needs to make sure those resources meet a particular education requirement while also having enough capacity. Is this something Rodney can do in Project Operations?
- Not completely. Rodney can assign a resource based on their education but not on their capacity.
- Yes, Rodney can assign resources based on education and capacity.
- Not completely. Rodney can assign a resource based on their capacity but he can’t match a resource to a project based on their education.
Q3. Which of the following is a component of the project template?
- Scope
- Estimate
- Forecast
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