Procore Project Manager Financials Final
Exam UPDATED ACTUAL QUESTIONS
AND CORRECT ANSWERS
What does the "Forecast to Complete" column show? - CORRECT ANSWER✅✅Money
that you expect to be spent in addition to the projected costs in order to complete that scope
of work
Contracts with the status of Draft or Closed will be reflected on the budget. - CORRECT
ANSWER✅✅False
You need to add invoice contacts for each commitment in order to send invoices for that
commitment. - CORRECT ANSWER✅✅True
Which tasks can be performed when a budget is unlocked? - CORRECT ANSWER✅✅A
and C: add line items and create change orders
A change event listed as "Out of Scope" means that the change falls within the scope of the
original contract. - CORRECT ANSWER✅✅False
Regardless of who responds to an RFQ, the creator of the change event can update the
response and the status of the RFQ. - CORRECT ANSWER✅✅True
In order to receive invoices, a contractor needs which of the following: - CORRECT
ANSWER✅✅Both A and B: to be added to the invoice contact list and to be added to the
private section of the commitment
What is the monthly due date in a billing period for an invoice? - CORRECT
ANSWER✅✅The date the contractor must create the invoice by
How can you add new line items to a locked budget? - CORRECT ANSWER✅✅All of
the above:
Creating a Budget Change, Creating a Change Order with a non-budgeted cost code, and
Creating a Commitment with a non-budgeted cost code
The only way to upload a budget into Procore is by uploading the designated Import
Template as an .xlxs file. - CORRECT ANSWER✅✅true
What are the types of Direct Costs that can be created in Procore? - CORRECT
ANSWER✅✅Expense, Invoice, and Payroll
How do you create a schedule of values in Procore's Funding Contract tool? - CORRECT
ANSWER✅✅All of the above:
Import the schedule of values (SOV) from a CSV file, Copy the schedule of values from the
Budget, and Manually add each line item
Exam UPDATED ACTUAL QUESTIONS
AND CORRECT ANSWERS
What does the "Forecast to Complete" column show? - CORRECT ANSWER✅✅Money
that you expect to be spent in addition to the projected costs in order to complete that scope
of work
Contracts with the status of Draft or Closed will be reflected on the budget. - CORRECT
ANSWER✅✅False
You need to add invoice contacts for each commitment in order to send invoices for that
commitment. - CORRECT ANSWER✅✅True
Which tasks can be performed when a budget is unlocked? - CORRECT ANSWER✅✅A
and C: add line items and create change orders
A change event listed as "Out of Scope" means that the change falls within the scope of the
original contract. - CORRECT ANSWER✅✅False
Regardless of who responds to an RFQ, the creator of the change event can update the
response and the status of the RFQ. - CORRECT ANSWER✅✅True
In order to receive invoices, a contractor needs which of the following: - CORRECT
ANSWER✅✅Both A and B: to be added to the invoice contact list and to be added to the
private section of the commitment
What is the monthly due date in a billing period for an invoice? - CORRECT
ANSWER✅✅The date the contractor must create the invoice by
How can you add new line items to a locked budget? - CORRECT ANSWER✅✅All of
the above:
Creating a Budget Change, Creating a Change Order with a non-budgeted cost code, and
Creating a Commitment with a non-budgeted cost code
The only way to upload a budget into Procore is by uploading the designated Import
Template as an .xlxs file. - CORRECT ANSWER✅✅true
What are the types of Direct Costs that can be created in Procore? - CORRECT
ANSWER✅✅Expense, Invoice, and Payroll
How do you create a schedule of values in Procore's Funding Contract tool? - CORRECT
ANSWER✅✅All of the above:
Import the schedule of values (SOV) from a CSV file, Copy the schedule of values from the
Budget, and Manually add each line item
