Procore Project Manager Financials Final Exam well answered already passed

Procore Project Manager Financials
Final Exam well answered already
passed

What does the "Forecast to Complete" column show? - ANS ✔✔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. - ANS ✔✔False



You need to add invoice contacts for each commitment in order to send invoices for that
commitment. - ANS ✔✔True



Which tasks can be performed when a budget is unlocked? - ANS ✔✔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. - ANS ✔✔False



Regardless of who responds to an RFQ, the creator of the change event can update the
response and the status of the RFQ. - ANS ✔✔True



In order to receive invoices, a contractor needs which of the following: - ANS ✔✔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? - ANS ✔✔The date the
contractor must create the invoice by