Oracle : 1Z0-1057-21 Questions & Answers

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Project Cost Management- Cross-Charge Processing
  • 1. Borrowed and Lent Transactions
  • 2. Transfer Pricing
- Cost Collection and Processing
  • 1. Supplier Cost Processing
  • 2. Cost Transactions
  • 3. Expense Management Integration
Project Execution Management- Project Control
  • 1. Budgets
  • 2. Performance Reporting
  • 3. Forecasts
- Project Planning
  • 1. Resource Assignments
  • 2. Work Plans
  • 3. Task Management
Project Financial Management Setup- Financial Structures
  • 1. Transaction Sources
  • 2. Expenditure Types
  • 3. Expenditure Categories
- Project Types and Templates
  • 1. Project Classes
  • 2. Project Roles
  • 3. Project Statuses
Project Billing and Revenue Management- Contract and Billing Setup
  • 1. Invoice Generation
  • 2. Revenue Recognition
  • 3. Billing Events
Resource Management- Resource Structures
  • 1. Resource Calendars
  • 2. Project Staffing
  • 3. Resource Requests
Project Foundation Setup- Project Units
  • 1. Implementation Options
  • 2. Reference Data Sets
  • 3. Business Units
Security and Implementation Tools- Implementation Utilities
  • 1. Rapid Implementation Spreadsheets
  • 2. Functional Setup Manager
  • 3. Setup Data Migration
- Security Configuration
  • 1. Project Roles
  • 2. Data Access Security

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

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

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 business 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 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 project-owning organization in which the transaction is performed.


2. Identify theattribute of a project typethatdetermines if expenditure items are billable, and theamount type to be used as the basisfor transfer pricing. (Choose the best answer.)

A) event type
B) cost type
C) worktype
D) expenditure type


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

A) An individual's score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.
B) 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.
C) An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have thequalification.
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 proficiencythat is lower or higher than specified.


4. You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Portfolio Management with tasks and subtasks applicable to each of the phases of the project:
Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want todefine deliverables for your project requirementsthat are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works. Identify the two correct statements in this respect. (Choose two.)

A) A deliverable associated with a requirement is automatically associated with the tasks createdfor that requirement.
B) A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
C) The association of a deliverable with a task is dependent on associating a requirement with a task.
D) Youassociate a deliverable with a task, independent of associating a requirement with a task.


5. You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)

A) Pending Acceptance > Pending Approval > Active
B) Pending Approval > Pending Acceptance > Active
C) OnHold > Pending Acceptance > Active
D) On Hold > Pending Approval > Active


Solutions:

Question # 1
Answer: A
Question # 2
Answer: C
Question # 3
Answer: B,D
Question # 4
Answer: B,D
Question # 5
Answer: B

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