Describe Dynamics 365 Project Operations

A consulting firm uses Dynamics 365 Project Operations to manage fixed-price projects. During project execution, the project manager notices that the actual cost is exceeding the budget. What should the project manager do to track and communicate the impact on profit?

A project manager needs to approve time entries submitted by team members. Where in Dynamics 365 Project Operations can the manager approve these time entries?

A company is implementing Dynamics 365 Project Operations and wants to ensure that project costs are accurately tracked for both time and materials (T&M) and fixed-price contracts. The company uses a single project for both types of contracts. Which approach should be used to correctly invoice each contract type?

A project manager is using Dynamics 365 Project Operations to estimate project costs. The project involves a mix of in-house employees and external contractors. The company wants to use standard cost prices for employees and purchase prices for contractors. Which entity should the project manager use to set up these prices?

A company uses Dynamics 365 Project Operations to manage projects. A project manager needs to view the overall health of all active projects in the organization. Which dashboard should the manager use?

A project manager needs to create a project from a template that includes a predefined work breakdown structure (WBS) and resource assignments. The template should automatically create the project tasks and assign resources based on skill requirements. Which feature in Dynamics 365 Project Operations should the project manager use?

A project manager is configuring Dynamics 365 Project Operations for a company that uses Microsoft Project for detailed scheduling. The company wants to import the WBS from Microsoft Project into Dynamics 365 Project Operations. Which tool or feature should be used?

A company uses Dynamics 365 Project Operations to manage project expenses. An employee submits an expense report for a project. The project manager needs to approve the expense report. Where does the project manager perform this approval?

Which TWO of the following are valid billing methods in Dynamics 365 Project Operations? (Choose two.)

Which THREE of the following are capabilities of Dynamics 365 Project Operations? (Choose three.)

Which TWO of the following are valid project types in Dynamics 365 Project Operations? (Choose two.)

You are the project manager for a large engineering firm that uses Dynamics 365 Project Operations. Your organization has recently deployed Project Operations and is using it to manage multiple concurrent projects. You have been assigned to a new project named 'Bridge Construction' which is a fixed-price contract with a total value of $2,000,000. The project is scheduled to run for 12 months. During the first month, the team encounters an unexpected geological issue that requires additional surveying work. This additional work will require 200 hours of a senior geologist's time and 100 hours of a surveyor's time. The project contract has not accounted for this scope change. You need to ensure that the project stays profitable and that the client is billed appropriately. The client is open to change orders but expects formal documentation. What should you do?

You are a project administrator for a consulting company that uses Dynamics 365 Project Operations. The company has a team of 50 consultants who work on multiple projects simultaneously. The company uses time and material billing for most projects. You receive a complaint from a project manager that a consultant, John Doe, has not submitted his time entries for the past two weeks. The project manager needs to bill the client this week and John's time is critical for the invoice. You need to resolve this issue as quickly as possible. What should you do?

A project manager notices that resource bookings in a project are not reflecting in the schedule. The project uses Dynamics 365 Project Operations with a hybrid resource management approach. What is the most likely cause?

A company is implementing Dynamics 365 Project Operations and needs to define cost and sales price lists for a project. Which TWO actions should the administrator take to ensure accurate project budgeting?

A project manager creates a project with a budget of $60,000 in Draft status, but the workflow does not trigger the Senior Manager Approval step. What is the most likely reason?

You are the Dynamics 365 Project Operations administrator for Contoso Ltd., a consulting firm with 200 employees. The company uses Project Operations for time and expense tracking, project planning, and resource management. Recently, project managers have reported that when they attempt to assign resources to projects, the system shows 'No available resources' even though resources are free according to their calendars. Resource managers confirm that resources are not booked on other projects. The system uses the 'Centralized Resource Management' approach. Resources are organized by skill and role. The booking method is 'Full Capacity' with a working day of 8 hours. You suspect an issue with resource scheduling parameters. After reviewing the setup, you find that the 'Resource Scheduling' parameter 'Consider Resource Capacity' is set to 'Yes', and the 'Working Hours' template is correct. What should you check next to resolve the issue?

A project manager needs to track time and expenses against a project budget in Dynamics 365 Project Operations. Which module should they primarily use?

Which TWO features are available in Dynamics 365 Project Operations to help manage project profitability?

Drag and drop the steps to configure a new warehouse in Dynamics 365 Supply Chain Management in the correct order.

Match each Dynamics 365 Project Operations component to its function.