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Oracle 1Z0-1057-23 Exam Syllabus Topics:

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

Question #1

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.)

  • A. The Contract and Contract Line dimensions apply only to Invoice measures.
  • B. 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.
  • C. 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.
  • 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 applies only to Revenue and Invoice measures.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

You have projects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that these distribution set lines are not validated against the project transaction controls and you are allowed to save it without any validation errors. Identify the reason why the project transaction controls are not applied. (Choose the best answer.)

  • A. There is no expenditure type information available on the distribution set line.
  • B. The account code combination is not available on the distribution set line.
  • C. There is no expenditure organization information available on the distribution set line.
  • D. There is no expenditure item date information available on the distribution set line.
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Correct Answer: C  🗳️

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Question #3

Your customer has a requirement to import and process third-party transactions that are "costed" and "accounted".
Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)

  • A. Document Entry Options
  • B. Document Options
  • C. Import Options
  • D. Transaction Source Options
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Correct Answer: A  🗳️

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Question #4

Which precedence order is used by the system for labor schedules to distribute payroll cost?

  • A. Assignment Element > Element > Assignment
  • B. Element > Assignment Element > Assignment
  • C. Assignment > Element > Assignment Element
  • D. Assignment > Assignment Element > Element
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Correct Answer: D  🗳️

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Question #5

Your client has implemented Oracle Cloud Applications with their United States business unit and United Kingdom business unit. After six months, they acquired another company in China and added a China business unit. A project accountant in your organization is authorized to access transactions for the US, UK, and China business units. The project accountant can see the transactions for the US and UK business units but not for the China business unit. Why is he not able to see the transactions for the China business unit? (Choose the best answer.)

  • A. The US and UK business units are linked to different ledgers than the China business unit.
  • B. The JOB role relevant to the China business unit is not assigned to the project accountant.
  • C. The China business unit is associated with a different legal entity than the US and UK business units.
  • D. The project accountant is not assigned to the external role that grants access to the China business unit.
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Correct Answer: D  🗳️

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