Microsoft Great Plains Project Series v.7.0 : MB3-003

MB3-003 pass collection

Exam Code: MB3-003

Exam Name: Great Plains Project Series v.7.0

Updated: Jul 26, 2026

Q & A: 100 Questions and Answers

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Microsoft MB3-003 Exam Syllabus Topics:

SectionObjectives
Topic 1: Reporting and Analysis- Standard reporting
  • 1. Cost and budget variance reports
    • 2. Project status reports
      - Data analysis
      • 1. Financial summarization
        • 2. Performance tracking
          Topic 2: Project Creation and Maintenance- Project setup
          • 1. Project budgets and status management
            • 2. Project types and classes
              - Cost tracking structure
              • 1. Resource allocation
                • 2. Cost categories and cost types
                  Topic 3: Project Accounting Setup- System configuration and initialization
                  • 1. Company and module setup
                    • 2. Posting setup and options
                      - Security and access setup
                      • 1. Project security settings
                        • 2. User roles and permissions
                          Topic 4: Time and Expense Management- Time entry processing
                          • 1. Timesheet entry and approval
                            • 2. Labor cost allocation
                              - Expense processing
                              • 1. Reimbursement and posting
                                • 2. Expense entry workflows
                                  Topic 5: Billing and Revenue Recognition- Revenue tracking
                                  • 1. Project profitability analysis
                                    • 2. Revenue recognition rules
                                      - Project billing setup
                                      • 1. Invoice generation
                                        • 2. Billing cycles and methods

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