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1z0-1057-24 Oracle Project Management Cloud 2024 Implementation Professional Questions and Answers

Questions 4

A project administrator is trying to assign a team member for a project but cannot find the person in the team member list on the Project Definition page. What is the reason for this problem? (Choose the best answer.)

Options:

A.

The employee is not assigned to the project-owning organization.

B.

The employee is not assigned with a supervisor.

C.

Project roles are not assigned in the project.

D.

The employee is not assigned to a department.

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Questions 5

Whichthreesetups can be configured by using Rapid Implementation for Project Financial Management Applications?

Options:

A.

Expenditure Types

B.

Project Templates

C.

Work Type

D.

Project Types

E.

Project Class Categories

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Questions 6

Which setup option is common to both financial and project plan types?

Options:

A.

Manage the options for creating control budgets in Oracle Fusion Budgetary Control.

B.

Enable the entry of plan amounts in currencies other than the project currency.

C.

Identify whether the plan type is the default selection when you create budget or forecast versions.

D.

Enable the use of a workflow for managing budget or forecasting status changes.

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Questions 7

You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitment for $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

Options:

A.

1000

B.

900

C.

800

D.

600

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Questions 8

Which component provides a human workflow service that handles all interactions with users or groups in business processes?

Options:

A.

Security Console

B.

SOA Suite

C.

Subledger Accounting

D.

BPM Worklist

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Questions 9

Identify two attributes for which you can enter budgets that will be considered for Budgetary Controls in Project Portfolio Management. (Choose two.)

Options:

A.

project

B.

expenditure item

C.

project classification

D.

project plan type

E.

resource

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Questions 10

You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they review the rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month. Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)

Options:

A.

Allocate rental costs once each accounting period by using the“full” allocation method.

B.

Allocate to all eligible tasks and prorate the allocation by thetotal actual raw costaccrued for each task during theprevious accounting period.

C.

Define allocation basis by using Actual Amounts with a project-to-date amount class.

D.

Define allocation basis by using Actual Amounts with aperiod-to-date amount class.

E.

Allocate rental costs once each accounting period by using the “spread evenly” allocation method.

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Questions 11

Which component of performance measures allows you to select the method that is used to measure accounts such as budget, forecast, and actual?

Options:

A.

Accounts Member

B.

Time Member

C.

Category Member

D.

Scenario Member

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Questions 12

Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction's business unit.

Which reference data sharing method would you set up to meet the customer requirement? (Choose the best answer.)

Options:

A.

assignment to one set only with common values

B.

assignment to one set only; no common values allowed

C.

assignment to multiple sets; common values allowed

D.

assignment to multiple sets; no common values allowed

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Questions 13

When scheduling the Update Project Performance Data process to run on a periodic basis, which summarization method would you select? (Choose the best answer.)

Options:

A.

Bulk

B.

Detail

C.

Incremental

D.

Summary

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Questions 14

You havedefined two expenditure types, but they are not available for selection when you enter an expenditure batch. Identify the reason for this problem. (Choose the best answer.)

Options:

A.

The two expenditure types are not assigned to the reference data set that is assigned to theproject unitin which the transaction is performed.

B.

The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.

C.

The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.

D.

The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.

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Questions 15

You want tocreate a few project roles so as to restrict accessin the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (Choose two.)

Options:

A.

Project Executive- Security based on Project Hierarchy

B.

Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue

C.

Project Manager- Security based on Project Assignment

D.

Project Billing Specialist- Security based on Contract BU

E.

Project Team Member- Security based on Project Assignment

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Questions 16

Identify three correct statements about the integration of Primavera P6 Enterprise Project Portfolio Management and Oracle Project Portfolio Management Cloud. (Choose three.)

Options:

A.

Event completion flowsfrom Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.

B.

Billing events flow from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.

C.

Summarized actual quantity and cost flowfrom Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.

D.

Projects and task definitions flowfrom Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.

E.

Project plans and progress flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.

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Questions 17

When implementing Project Performance Reporting, your customer has the following requirements:

    Every time a project cost is greater than or equal to a threshold, then the project should be shown as critical.

    As long as a project cost is less than the threshold, the project should be shown as on-track.

Which threshold level rule is ideal for this kind of KPI definition? (Choose the best answer.)

Options:

A.

multiple threshold levels

B.

single threshold level value

C.

single threshold level range

D.

multiple threshold level value

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Questions 18

Which three tools are available for accessing REST APIs?

Options:

A.

cURL

B.

Web Browser

C.

Oracle Transactional Business Intelligence

D.

Programming Language

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Questions 19

Select two correct statements about project classifications on a template. (Choose two.)

Options:

A.

Set Code isnotrequired for a project class category in a project classification.

B.

Project Classification is a mandatory field on a project template.

C.

When a project is created from a template, the required project classifications must be entered.

D.

Project class category in a project classification must be associated with a Set Code.

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Questions 20

You have defined two expenditure types but they are not available for selection when you enter an expenditure batch.

What is the reason for this problem?

Options:

A.

The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.

B.

The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.

C.

The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.

D.

The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.

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Questions 21

Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page. An HCM person is included in a condition with a process order value of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

Options:

A.

The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

B.

For the three conditions that have the same process order value of 10, the records are processed inascending alphabetic orderbased on the condition name.

C.

For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.

D.

The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

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Questions 22

Which two statements are true about the borrowed and lent cross charge method? (Choose two.)

Options:

A.

Internal Invoice is not generated with this method.

B.

This method allows you to process cross charge transactions across legal entities.

C.

This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations

D.

You must set up a contract business unit to use this method.

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Questions 23

You configure one OTBI using Project Cross Subject Area Analysis Real Time. You notice that all measures (Budget, Forecast, Cost, Commitments, Revenue, and Invoice) are not available for Bill-To-Customer and Contract and Contract Line dimensions. Identify the reason for this behavior. (Choose the best answer.)

Options:

A.

The Bill-To-Customer dimension applies only to Invoice measures, but the Contract and Contract Line dimensions do not apply to Revenue and Invoice measures.

B.

The Bill-To-Customer dimension applies only to Revenue and Invoice measures.

C.

The Contract and Contract Line dimensions apply only to Invoice measures.

D.

The Bill-To-Customer dimension applies to Invoice measures, and the Contract and Contract Line dimensions apply to Revenue and Invoice measures.

E.

The Bill-To-Customer dimension does not apply to Invoice measures, but the Contract and Contract Line dimensions apply only to Revenue and Invoice measures.

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Questions 24

Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)

Options:

A.

Project Contract-based costing

B.

Project Contract-based billing

C.

Project Contract Collection Center

D.

Contract Team Connect

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Questions 25

Your customer started operations and all projects in January 2015. They implemented Enterprise Project Structure for calculating project labor demand by using the Annual option.When they view the labor demand on 15-Dec-2015, the project hierarchy viewer shows data only for the year 2015. The client expected the demand to be shown for a year, from 15-Dec-2015 to 15-Dec-2016.

Identify how the project hierarchy viewer displays labor demand information. (Choose the best answer.)

Options:

A.

The current period start date is used for calculating labor demand for the current year.

B.

The current date is used for calculating labor demand for the current year.

C.

The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.

D.

The date entered by a user as a parameter when running the Update EPS job was set to 01-Jan-2015, and hence the calculations show results for the year 2015.

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Questions 26

Which two statements are true about the cross-charge method, Borrowed and Lent?

Options:

A.

This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations within a legal entity.

B.

Costs or revenue are shared based on transfer price rules with this method.

C.

You must set up the contract business unit to use this method.

D.

This method creates a formal internal invoice.

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Questions 27

You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? (Choose two.)

Options:

A.

Enter progress for tasks.

B.

Receive email notifications about changes that team members make to a task.

C.

View task details and the task activity stream.

D.

Edit task details.

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Questions 28

Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation? (Choose two.)

Options:

A.

Manage Project Plan Resource Assignment

B.

Transfer Project

C.

View Project Progress

D.

Allocate Project Expense

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Questions 29

Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs for rate-based planning resources. (Choose the best answer.)

Options:

A.

Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule

B.

Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate

C.

Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule

D.

Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule

E.

Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule

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Questions 30

Which two statements describe how the Resource Qualification Score is calculated?

Options:

A.

An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have the qualification.

B.

An individual's score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.

C.

An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification that meets the specified proficiency.

D.

An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification with a proficiency that is lower or higher than specified.

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Questions 31

Whichtwoattributes are available while enabling a task as a business object for social networking?

Options:

A.

Task

B.

Project Number

C.

Task Number

D.

Creation Date

E.

Project

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Questions 32

Which three Cost Collection Flexfield core attributes can be derived during import if not explicitly entered in a transaction document? (Choose three.)

Options:

A.

Billable Flag

B.

Expenditure Type

C.

Capitalizable Flag

D.

Funding Source

E.

Work Type

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Questions 33

What are three configuration items that you need to set up by using the Project Organizations functional area in Project Financial Management configurations? (Choose three.)

Options:

A.

Manage Project Unit Organizations

B.

Mange Business Unit

C.

Manage Project Organization Classifications

D.

Mange Project Types

E.

Manage Project Unit Options

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Questions 34

Your client has decided to import time cards into Project Costing from Oracle Fusion Time and Labor. They have a requirement to make adjustments to time card entries whenever needed.

In which work area will the employees and contingent workers be able to modify their time cards?

Options:

A.

Both Time and Cost

B.

Cost

C.

Asset

D.

Time

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Questions 35

As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes In HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers.

Whichthreeare parameters that are based on which the system identifies the new resources?

Options:

A.

Department

B.

Project Unit

C.

Jobs

D.

Business Unit

E.

Organization

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Questions 36

Your organization has been using project class categories and codes for reporting purposes and is set up at the project level. You recently defined a new project type, Capital-Contract, and created new class categories named Build, Operate, and Transfer (BOT) and Build, Transfer, and Maintain (BTM), with class codes of Yes/No. But on creation of a project, you are unable to associate these class categories and codes.

Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)

Options:

A.

Class codesshould beassociatedwith a relatedset code.

B.

Class categories should be assigned to business unit.

C.

Class categoriesshould beassignedtoproject type.

D.

Class codes should be assigned to project unit.

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Questions 37

You have been hired as a project manager for implementing the Project FinancialManagement and Project Execution Management offering by an organization. The Chief Information Officer of the deploying organization has requested you to explain the benefits of using the implementation project-based approach over the functional area-based approach.

Which two are the main benefits of using the implementation projects within Functional Setup Manager? (Choose two.)

Options:

A.

Implementation Project gives you the flexibility to set up different functional areas of the offering at different times.

B.

Implementation Project helps in assigning responsibility of managing setup data to a broad group of users.

C.

Implementation Project helps you to monitor progress of the setup tasks.

D.

Implementation Project helps you to use the manage setup data entry in bulk option.

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Exam Code: 1z0-1057-24
Exam Name: Oracle Project Management Cloud 2024 Implementation Professional
Last Update: Jun 15, 2025
Questions: 126
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