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Updated: Aug 12, 2026

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Microsoft MB3-003 Exam Overview:

Certification Vendor:Microsoft
Exam Name:Microsoft Great Plains Project Series v.7.0
Exam Number:MB3-003
Passing Score:700 (scaled score)
Exam Duration:120 minutes
Real Exam Qty:50-60
Exam Format:Multiple choice, Case studies, Scenario-based questions
Related Certifications:Microsoft Dynamics GP Installation & Configuration
Microsoft Dynamics GP Core Financials
Available Languages:English
Exam Way:In-person or authorized testing center (legacy Microsoft certification delivery)
Pre Condition:Recommended: familiarity with Microsoft Dynamics GP core financial modules

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: 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 3: Billing and Revenue Recognition- Project billing setup
                  • 1. Invoice generation
                    • 2. Billing cycles and methods
                      - Revenue tracking
                      • 1. Project profitability analysis
                        • 2. Revenue recognition rules
                          Topic 4: Project Accounting Setup- Security and access setup
                          • 1. Project security settings
                            • 2. User roles and permissions
                              - System configuration and initialization
                              • 1. Posting setup and options
                                • 2. Company and module setup
                                  Topic 5: Project Creation and Maintenance- Cost tracking structure
                                  • 1. Cost categories and cost types
                                    • 2. Resource allocation
                                      - Project setup
                                      • 1. Project budgets and status management
                                        • 2. Project types and classes

                                          Microsoft MB3-003 Exam Overview:

                                          Certification Vendor:Microsoft
                                          Exam Name:Microsoft Great Plains Project Series v.7.0
                                          Exam Number:MB3-003
                                          Passing Score:700 (scaled score)
                                          Exam Duration:120 minutes
                                          Real Exam Qty:50-60
                                          Exam Format:Multiple choice, Case studies, Scenario-based questions
                                          Related Certifications:Microsoft Dynamics GP Installation & Configuration
                                          Microsoft Dynamics GP Core Financials
                                          Available Languages:English
                                          Exam Way:In-person or authorized testing center (legacy Microsoft certification delivery)
                                          Pre Condition:Recommended: familiarity with Microsoft Dynamics GP core financial modules

                                          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: 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 3: Billing and Revenue Recognition- Project billing setup
                                                          • 1. Invoice generation
                                                            • 2. Billing cycles and methods
                                                              - Revenue tracking
                                                              • 1. Project profitability analysis
                                                                • 2. Revenue recognition rules
                                                                  Topic 4: Project Accounting Setup- Security and access setup
                                                                  • 1. Project security settings
                                                                    • 2. User roles and permissions
                                                                      - System configuration and initialization
                                                                      • 1. Posting setup and options
                                                                        • 2. Company and module setup
                                                                          Topic 5: Project Creation and Maintenance- Cost tracking structure
                                                                          • 1. Cost categories and cost types
                                                                            • 2. Resource allocation
                                                                              - Project setup
                                                                              • 1. Project budgets and status management
                                                                                • 2. Project types and classes

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