MB-920 Question #114: Real Exam Question with Answer & Explanation

Question

A company creates a project plan in Dynamics 365 Project Operations. The project plan must allow a project manager to: - Track profitability, - Collaborate on the work to be performed, and - Allocate people to perform tasks. You need to identify the project derivatives that the project plan must track. Which three major project derivatives should the plan track? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

Options

• Aresourcing
• Bschedule updates
• Cinvoicing
• Dcost
• Escope

Explanation

A: Resources serve as the most vital asset for project-driven organizations. The ability to find the right resources at the appropriate time, book them for projects, and effectively utilize them helps organizations meet revenue targets and customer satisfaction goals. Finding the right resources entails accurately identifying and capturing their characteristics, ensuring a proper match with the project requirements. This business process area focuses on ensuring that projects have the necessary resources to be completed successfully, including equipment, materials, and personnel. It involves identifying resource requirements, securing the necessary resources, and managing them throughout the project lifecycle. D: Project costs and revenue Project estimates provide the financial view for work that is estimated and scheduled in the project schedule. The Estimates tab on the Projects page shows the cost and revenue impact of the work that you’re planning. It also provides information about many predefined dimensions. E: Scope and schedule are critical during the project lifecycle. The ability to track these two types of information help you make sure that your project is in a healthy state. Start at the beginning of your project by defining a baseline. Then, during the project's lifecycle, you refine it through estimation to complete by adjusting scope and schedule. As a project manager, your first steps are to collect requirements, define the project scope, and plan the project, including all costs required and revenue generated. With all these elements, you can create and define a first budget baseline that you follow. Then during the project lifecycle, you reassess periodically the scope and schedule to reflect changes, and you validate that your project is profitable according to the baseline. https://learn.microsoft.com/en-us/dynamics365/guidance/business-processes/project-to-profit- resource-projects https://learn.microsoft.com/en-us/dynamics365/project-operations/psa/project-estimating https://learn.microsoft.com/en-us/dynamics365/guidance/business-processes/project-to-profit- manage-project-scope-schedule-overview

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