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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionObjectives
Functional Setup Manager- Configure implementation setup
  • 1. Rapid Implementation Workbook
  • 2. Functional Setup Manager usage
Project Foundation- Configure foundational project structures
  • 1. Project calendars and periods
  • 2. Transaction sources
  • 3. Project types
  • 4. Project resources
  • 5. Rate schedules
Navigation, User Experience, Personalization, and Approvals- Describe user experience features
  • 1. Personalization options
  • 2. Navigation concepts
- Manage approvals and workflows
  • 1. Set up notifications
  • 2. Configure approval tasks
Project Control- Manage project planning and forecasting
  • 1. Project budgets
  • 2. Forecast management
Project Costing- Manage project costing configuration
  • 1. Burdening
  • 2. Cost collection center
  • 3. Allocations
  • 4. Budgetary controls
  • 5. Time and labor integration
Applications Security- Manage security configuration
  • 1. Roles and duties
  • 2. Applications Security Console
Project Management Overview- Describe the components of Oracle Project Management Cloud
  • 1. Explain available integrations
  • 2. Understand project management architecture
Project Resource Management- Configure resource management
  • 1. Enterprise labor resources
  • 2. Resource allocation
Project Management- Manage project execution
  • 1. Project requirements
  • 2. Issues and deliverables
  • 3. Application Composer usage
  • 4. Project gates
Project Performance Reporting- Configure reporting and KPI tracking
  • 1. Performance KPIs
  • 2. Project reporting configuration
Program Management- Manage programs and reporting
  • 1. Program reporting
  • 2. Program setup
Project Billing- Configure project billing and revenue
  • 1. Transfer pricing
  • 2. Revenue management
  • 3. Cross charging
  • 4. Project invoicing
Common Project Configuration- Configure enterprise project settings
  • 1. Subledger Accounting
  • 2. Project Financial Management organizations
  • 3. Reference data sharing

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

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

  • 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.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for iPassleader members. You can sign-up / login (it's free).

Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types. Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

  • A. Create a revenue method with a revenue method classification of Amount Based.
  • B. Create a revenue method with a revenue method classification of Rate Based.
  • C. Create a revenue method classification with a revenue method of Percent Complete.
  • D. Create a revenue method classification with a revenue method of Percent Spent.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for iPassleader members. You can sign-up / login (it's free).

Identify two correct role templates available on the Oracle Entitlement Server to generate roles for Project Organization Security.

  • A. Project Accountant Template for Project Organization Security
  • B. Project Administrator Template for Project Organization Security
  • C. Project Creator Template for Project Organization Security
  • D. Project Billing Specialist Template for Project Organization Security
  • E. Project Manager Template for Project Organization Security
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for iPassleader members. You can sign-up / login (it's free).

You have been hired as a project manager for implementing the Project Financial Management 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?

  • A. Implementation Project helps in assigning responsibility of managing setup data to a broad group of users.
  • B. Implementation Project helps you to monitor progress of the setup tasks.
  • C. Implementation Project helps you to use the manage setup data entry in bulk option.
  • D. Implementation Project gives you the flexibility to set up different functional areas of the offering at different times.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for iPassleader members. You can sign-up / login (it's free).

Your organization has created an Enterprise Project Structure (EPS) and your executives review the overall project labor demand by using the EPS.
Identify two correct statements about the periodic project labor demand.
Response:

  • A. Labor Demand FTE is calculated as Project Allocation hours divided by Project FTE hours, if project duration is used as the basis for viewing labor demand.
  • B. Labor Demand FTE is calculated as Quaterly Allocation hours divided by Quarterly FTE hours, if a quarter is used as the basis for viewing labor demand.
  • C. Labor Demand FTE is calculated as Yearly Allocation hours divided by Yearly FTE hours, if a year is used as the basis for viewing labor demand.
  • D. Labor Demand FTE is calculated as Monthly Allocation hours divided by Monthly FTE hours, if a period is used as the basis for viewing labor demand.
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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