Target Audience

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.

Exam Specifics

Skills Being Measured:

This certification exam measures your ability to understand and articulate how to use project features in Microsoft Dynamics AX 2012 R2 including managing projects, managing advanced projects, and managing projects for the service industry.

Time Requirements & Questions:

Microsoft Dynamics exam times typically range between 60 – 160 minutes. Note that this time does not include any additional time required for validating your identification, reviewing instructions, providing comments, and calculating your score.

Microsoft Dynamics exams typically contain between 40 – 75 Multiple Choice and Multiple Answer questions.

Registration:

Register for Prometric Exam #MB6-700: Microsoft Dynamics AX 2012 R2 – Project Certification Exam at Prometric.

Exam Preparation Tools
In addition to your hands-on experience working with the product, we highly recommend using the following tools and training to help you prepare for this exam:

Training Materials:

• 80311B: Service Industries in Microsoft Dynamics AX 2012 R2
• 80316B: Project Essentials in Microsoft Dynamics AX 2012 R2
• 80317B: Project Advanced in Microsoft Dynamics AX 2012 R2.

Instructor-Led Training:

• 80311B: Service Industries in Microsoft Dynamics AX 2012 R2
• 80316B: Project Essentials in Microsoft Dynamics AX 2012 R2
• 80317B: Project Advanced in Microsoft Dynamics AX 2012 R2.

E-Learning:

• No E-Learning is available.

Supplemental Learning Resources:

• Online Help within the Microsoft Dynamics AX 2012 R2 product.

Additional Skills Recommended:

• General working knowledge of configuring and managing projects in Microsoft Dynamics AX 2012 R2.

Exam Topics

Manage Projects – 35-40%

Set up projects.

This topic may include:

• 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.

This topic may include:

• 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.

This topic may include:

• 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.

This topic may include:

• 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.

This topic may include:

• 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.

This topic may include:

• 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.

This topic may include:

• 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.

This topic may include:

• 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.

This topic may include:

• 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.

This topic may include:

• 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.

This topic may include:

• configure internal projects to include WIP
• configure investment projects to track WIP and capitalize costs.

Manage advanced time and material projects.

This topic may include:

• 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.

This topic may include:

• 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).

This topic may include:

• create and modify a WBS template
• create a project WBS
• set up rate cards

Manage project quotations.

This topic may include:

• 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.

This topic may include:

• 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 Office® Project Server 2010
• run inquiries and reports on resource assignment and utilization

Set up billing rules for project contracts.

This topic may include:

• 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.

This topic may include:

• 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.

This topic may include:

• 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.

This topic may include:

• 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