Morph tool is avaliable in posing room. Dynamic must be calculated for cloth in clothing room.
Check tutorials about dynamic clothes here:
http://www.poserfashion.net/tutorials.htm

The best tutorials from this page are:
http://www.poserfashion.net/tablecloth.htm
http://www.poserfashion.net/crinoline.htm

With your figure go follow tutorials steps, but instead clothing plane use cloth on body part (hip).