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Oracle 1Z0-1057-23 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Project Management Cloud 2023 Implementation Professional |
| Exam Number: | 1Z0-1057-23 |
| Related Certifications: | Oracle Project Management Cloud Implementation Professional |
| Certificate Validity Period: | 18 months |
| Exam Price: | $245 USD |
| Available Languages: | English |
| Exam Duration: | 90 minutes |
| Passing Score: | 68% |
| Real Exam Qty: | 50 |
| Exam Format: | Multiple Choice |
| Sample Questions: | Oracle 1Z0-1057-23 Sample Questions |
| Exam Way: | Online proctored or test center |
| Pre Condition: | Oracle recommends hands-on experience with Oracle Project Management Cloud implementations. |
| Official Syllabus URL: | https://education.oracle.com/oracle-project-management-cloud-implementation-professional/trackp_ERP |
Oracle 1Z0-1057-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Project Control | - Manage project planning and forecasting
|
| Topic 2: Project Billing | - Configure project billing and revenue
|
| Topic 3: Project Management Overview | - Describe the components of Oracle Project Management Cloud
|
| Topic 4: Applications Security | - Manage security configuration
|
| Topic 5: Functional Setup Manager | - Configure implementation setup
|
| Topic 6: Project Resource Management | - Configure resource management
|
| Topic 7: Navigation, User Experience, Personalization, and Approvals | - Manage approvals and workflows
|
| Topic 8: Program Management | - Manage programs and reporting
|
| Topic 9: Common Project Configuration | - Configure enterprise project settings
|
| Topic 10: Project Management | - Manage project execution
|
| Topic 11: Project Performance Reporting | - Configure reporting and KPI tracking
|
| Topic 12: Project Costing | - Manage project costing configuration
|
| Topic 13: Project Foundation | - Configure foundational project structures
|
Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:
Which two are the workflows in Project Financial Management?
- A. Burden Cost Recalculation
- B. Capital Interest Calculation
- C. Project Status Change
- D. Expenditure Item Adjustment
- E. Asset Line Generation
Correct Answer: D 🗳️
Explanation: Only visible for SurePassExams members. You can sign-up / login (it's free).
Which three can be tracked as Status tracking for Project Invoice Approval Notifications? (Choose three.)
- A. Persons with whom it is still pending approval
- B. Date-wise updates to the document
- C. Person assigned for approval
- D. Pre-approval activities
- E. Prior actions
Correct Answer: C 🗳️
Explanation: Only visible for SurePassExams members. You can sign-up / login (it's free).
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.)
- A. Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task during the previous accounting period.
- B. Allocate rental costs once each accounting period by using the "spread evenly" allocation method.
- C. Define allocation basis by using Actual Amounts with a period-to-date amount class.
- D. Allocate rental costs once each accounting period by using the "full" allocation method.
- E. Define allocation basis by using Actual Amounts with a project-to-date amount class.
Correct Answer: D 🗳️
Explanation: Only visible for SurePassExams members. You can sign-up / login (it's free).
You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contract Line 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).
Then Bill Plan A is allocated against Project X - Task 10, and Bill Plan B is allocated against Project Y - Task 30.
Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario.
- A. Bill set number drives the grouping of transactions.
- B. Both the contract lines create only a single invoice because they are using the same contract.
- C. Two invoices are created using the same contract.
- D. Invoice generation does not depend on bill plan. The invoices are created based on the contract line.
Correct Answer: B 🗳️
Explanation: Only visible for SurePassExams members. You can sign-up / login (it's free).
As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do not seem to be right. Based on the calculations, you notice that the amounts calculated are not considering the burden schedule override at a task level, which was done during the second month of the quarter.
What is the reason for this problem?
- A. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.
- B. You can enable automatic reprocessing of expenditure items processed before the burden schedule change.
- C. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier cannot be reprocessed.
- D. All expenditure items charged to the task use the new burden schedule.
Correct Answer: D 🗳️
Explanation: Only visible for SurePassExams members. You can sign-up / login (it's free).
By Jack
