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Oracle 1Z0-1057-21 Practice Q&A's

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Security and Data Access- Role-Based Access Control
- Project Security Configuration
Topic 2: Project Execution and Control- Progress Tracking and Reporting
- Resource Assignment and Utilization
- Task Management and Scheduling
Topic 3: Reporting and Analytics- Project Performance Reporting
- OTBI and Dashboard Usage
Topic 4: Project Financial Management- Cost Management and Control
- Budgeting and Forecasting
- Revenue Recognition Basics
Topic 5: Integration and Configuration- Integration with Oracle HCM Cloud
- Integration with Oracle Financials Cloud
Topic 6: Project Management Cloud Setup and Configuration- Project Types and Templates Configuration
- Enterprise Project Structure (EPS) and Project Setup

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question #1

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
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

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? (

  • A. Project Team Member- Security based on Project Assignment
  • B. Project Billing Specialist- Security based on Contract BU
  • C. Project Manager- Security based on Project Assignment
  • D. Project Executive- Security basedon Project Hierarchy
  • E. Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

Question #3

Which three tools are available for accessing REST APIs?

  • A. Programming Language
  • B. cURL
  • C. Oracle Transactional Business Intelligence
  • D. Web Browser
Reveal Solution  Discussion  0

Correct Answer: A,B,D  🗳️

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Question #4

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 reviewthe 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.)

  • A. Define allocationbasis by using Actual Amounts with aperiod-to-date amount class.
  • B. Allocate rental costs once each accounting period by using the "spread evenly" allocation method.
  • C. Allocate rental costs once each accounting period by using the"full" allocation method.
  • D. Allocate to all eligible tasks and prorate the allocation by thetotal actual raw costaccrued for each task during theprevious accounting period.
  • E. Define allocation basis by using Actual Amounts with a project-to-date amount class.
Reveal Solution  Discussion  0

Correct Answer: A,C,D  🗳️

Question #5

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 displayslabor demand information. (Choose the best answer.)

  • A. 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.
  • 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 current period start date is used for calculating labor demand for the current year.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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