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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionWeightObjectives
Project Management Cloud Overview and Common Configuration15%- Set up calendars, periods, rate schedules, transaction sources
- Configure enterprise settings, reference data sharing
- Manage security, roles, duties and user experience
- Describe architecture and components
Project Costing20%- Set up budgetary controls and cost controls
- Configure cost collection, allocations, burdening
- Integrate with Time and Labor
Project Billing and Revenue Management20%- Set up revenue recognition and invoicing
- Manage contract billing and revenue accounting
- Configure cross-charging, transfer pricing
Project Planning, Control and Forecasting15%- Manage project schedules and progress
- Set up project controls and performance tracking
- Define project budgets and forecasts
Program Management and Reporting10%- Configure project performance reporting and KPIs
- Set up programs and hierarchies
Resource Management10%- Manage resource allocation and utilization
- Configure enterprise resource setup
Functional Setup Manager and Implementation10%- Use Rapid Implementation Workbook
- Configure and manage implementation projects

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. Your organization has been awarded a new contract based on which you are allowed to sell:
Items not tracked in inventory
Inventory items
Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)

A) Create two contract lines with a line type each of "product, project-based, sell agreement, standalone" and "sell intent, item, project-based".
B) Create two contract lines with a line type each of "free-form, project-based buy agreement" and "bundle sell, project-based".
C) Create two contract lines with a line type each of "sell intent, item, project-based' and "subscription, project-based, sell".
D) Create two contract lines with a line type each of "sell intent, free-form, project-based" and "sell intent, item, project-based".


2. 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 Bill-To-Customer dimension applies to Invoice measures, and the Contract and Contract Line dimensions apply to Revenue and Invoice measures.
B) 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.
C) 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.
D) The Bill-To-Customer dimension applies only to Revenue and Invoice measures.
E) The Contract and Contract Line dimensions apply only to Invoice measures.


3. Your business user has created a purchase order (PO) that has the following attributes:
Accrue at Receipt = Yes
Matching Option = 2 way
Receipt Close Tolerance = 100%
After approval, the PO is closed for receiving without creating a receipt. An AP invoice is created by matching to the PO. The user now runs Create Accounting for Receiving Transactions and then the "Import and Process Cost transactions" ESS (Enterprise Scheduler Service) job using the Transaction Source parameter as "Oracle Payables". The user notices that there is no cost transferred to the projects. Identify two reasons for this problem.

A) When you have an AP invoice that is matched against a PO with Accrue at Receipt set to YES, cost is transferred to projects by Cost Management and not by Payables.
B) When you have an AP invoice that is matched against a PO with Accrue at Receipt set to NO, cost is transferred to projects by receipt accounting.
C) When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to projects only if there are accounted receipt lines.
D) When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to project by payables.


4. Using Oracle Time and Labor, your client wants to put in a validation process that allows only a certain number of maximum hours an employee can charge in a day, and a minimum of hours he or she can report in a week.
What feature would you use to meet this requirement? (Choose the best answer.)

A) time calculation rules
B) time entry rules
C) project time validation rules
D) time audit rules


5. Which application generates external roles to grant both function and data security?
(Choose the best answer.)
Response:

A) Oracle Identity Manager
B) Functional Setup Manager
C) Authorization Policy Manager
D) Business Process Manager


Solutions:

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

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