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  • Published:
    April 28, 2013
  • Languages:
  • Audiences:
    Information workers
  • Technology:
    Microsoft Dynamics AX 2012 R2
  • Credit toward certification:
    MCP, Microsoft Dynamics Certified Technology Specialist

Microsoft Dynamics AX 2012 R2 Project

This exam has been retired

For currently available options, please see the Microsoft Certification exam list.

Skills measured

This exam measures your ability to accomplish the technical tasks listed below. The percentages indicate the relative weight of each major topic area on the exam. The higher the percentage, the more questions you are likely to see on that content area on the exam. View video tutorials about the variety of question types on Microsoft exams.

Please note that the questions may test on, but will not be limited to, the topics described in the bulleted text.

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Manage projects (35-40%)
  • Set up projects
    • View a list of projects, edit project details, change project groups, specify project ID numbers, define project hierarchies, set report sort fields, create a new project by using the Project Copy Wizard, create and rename project stages
  • Set up projects of different types
    • Create time and material projects, create fixed-price projects, create internal projects, create cost projects, create investment projects, create time projects, create and configure project groups
  • Post project transactions
    • Define categories and category groups; set up cost prices, sales prices, and price groups; define line properties; define and enter project hour transactions, project expense transactions, and project item transactions; post project hour journals and timesheets by using effective labor rate (ELR); charge an invoice journal; create free text invoices; enter items in an inventory journal by using the item requirements form; define purchase orders and sales orders; define and enter beginning balances; review and adjust project transactions; set up journal approval and descriptions; set up ledger posting
  • Manage project timesheets
    • Set up timesheet periods, set up timesheet-related parameters, configure timesheet workflows, set up effective labor rate (ELR), set up My Favorites, set up My Delegates, create and approve timesheets, report missing timesheets
  • Post project invoices
    • Describe invoicing project concepts; set up project invoicing; set up project contracts; define billing requirements for transactions; create, adjust, and post invoice proposals; invoice on-account transactions; view posted invoices; reverse transactions by using credit notes
  • Manage project budgeting
    • Review general ledger budgeting and forecasting concepts, define the budget approval workflow, create an original budget, configure project budget properties, allocate budgets across fiscal periods and years, review budget impact and balances, review and approve budgets, manage committed costs, carry forward budget amounts at year end
  • Manage project inquiries and reports
    • Access project information by using the project control forms; export lists to Microsoft Excel; generate reports on project base data, forecasts, revenue, and transactions
Manage advanced projects (30-35%)
  • Configure project validation
    • Explain project validation, set up project validation parameters, enable validation for workers, set up validation groups, set up project validation category assignments
  • Configure project forecasting
    • Define forecast models; enter forecasts for hours, expenses, fees, items, and on-account payments; set up forecast scheduling; define forecasting on hours
  • Manage advanced project invoicing
    • Set up project invoicing parameters; set up funding sources, limits, and rules and allocations; set up fixed-rate agreements; manage grants; approve or revoke invoice proposals
  • Track work in process (WIP) for internal projects
    • Configure internal projects to include WIP, configure investment projects to track WIP and capitalize costs
  • Manage advanced time and material projects
    • Describe a time and material project with WIP, run a time and material project with WIP, describe post costs forms, describe time and material project with accruals, create a time and material project with accruals, reverse accrued revenue
  • Manage advanced fixed-price projects
    • Set up estimate period types, set up cost templates, set up estimate projects, create estimates for fixed-price projects, create a fixed-price project by using the completed contract method, create a fixed-price project by using the completed percentage and sales value method, create a fixed-price project by using the completed percentage and production plus (+) profit method
Manage projects for service industry (30-35%)
  • Manage Work Breakdown Structure (WBS)
    • Create and modify a WBS template, create a project WBS, set up rate cards
  • Manage project quotations
    • Create project quotations; create a WBS for a quote; commit resources for the quotation; approve, confirm, and print the quote; transfer the quote to a new or an existing project
  • Set up resource scheduling
    • Configure resource competencies, define project requirements, assign resources to a project based on resource availability, assign resources to a project based on project demand, create a project integrated with Microsoft Project Server 2010, run inquiries and reports on resource assignment and utilization
  • Set up billing rules for project contracts
    • Create a project contract with the milestone billing rule, create a project contract with the time and material billing rule, create a project contract with the progress billing rule, create a project contract with the fee billing rule, create a project contract with the unit of delivery billing rule, attach invoice formats to project contracts
  • Manage project invoicing
    • Initiate invoice processing; create, manage, reformat, submit, and post invoice proposals; create and post a credit note for the posted project invoice; explain a customer advance; explain customer payment retention; explain vendor payment retention
  • Manage pay when paid (PWP) subcontracting
    • Set up PWP terms, create and invoice project purchase orders with PWP terms, post customer invoices, receive customer payments, release vendor payments, inquire on PWP transactions, print PWP reports
  • Manage costs
    • Explain indirect costs and indirect cost components, define the rules for indirect cost calculation, set up and assign indirect cost components, create cost transactions, split indirect costs between multiple funding sources, adjust indirect costs

Who should take this exam?

This exam is intended for individuals who plan to use Project features in Microsoft Dynamics AX 2012 R2. This audience typically includes functional consultants, systems developers, implementation consultants, and Microsoft Dynamics AX 2012 R2 users.

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This preparation guide is subject to change at any time without prior notice and at the sole discretion of Microsoft. Microsoft exams might include adaptive testing technology and simulation items. Microsoft does not identify the format in which exams are presented. Please use this preparation guide to prepare for the exam, regardless of its format. To help you prepare for this exam, Microsoft recommends that you have hands-on experience with the product and that you use the specified training resources. These training resources do not necessarily cover all topics listed in the "Skills measured" section.