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Oracle 1Z0-1057-21 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Project Management Cloud 2021 Implementation Essentials
Exam Number:1Z0-1057-21
Passing Score:60%
Certificate Validity Period:Oracle Cloud Certifications are typically valid for the corresponding product release cycle
Exam Duration:90 minutes
Exam Price:USD 245
Related Certifications:Oracle Project Management Cloud 2021 Certified Implementation Specialist
Exam Format:Multiple Answer, Multiple Choice
Available Languages:English
Real Exam Qty:55
Sample Questions:Oracle 1Z0-1057-21 Sample Questions
Exam Way:Online Proctored Exam or Pearson VUE Test Center
Pre Condition:Oracle recommends implementation experience with Oracle Project Management Cloud solutions. No mandatory prerequisite exam required.
Official Syllabus URL:https://education.oracle.com/oracle-project-management-cloud-2021-implementation-essentials/pexam_1Z0-1057-21

Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Project Foundation Setup- Project Units
  • 1. Business Units
  • 2. Reference Data Sets
  • 3. Implementation Options
Topic 2: Resource Management- Resource Structures
  • 1. Resource Requests
  • 2. Resource Calendars
  • 3. Project Staffing
Topic 3: Project Execution Management- Project Planning
  • 1. Work Plans
  • 2. Resource Assignments
  • 3. Task Management
- Project Control
  • 1. Forecasts
  • 2. Budgets
  • 3. Performance Reporting
Topic 4: Project Billing and Revenue Management- Contract and Billing Setup
  • 1. Revenue Recognition
  • 2. Invoice Generation
  • 3. Billing Events
Topic 5: Security and Implementation Tools- Implementation Utilities
  • 1. Functional Setup Manager
  • 2. Rapid Implementation Spreadsheets
  • 3. Setup Data Migration
- Security Configuration
  • 1. Data Access Security
  • 2. Project Roles
Topic 6: Project Financial Management Setup- Project Types and Templates
  • 1. Project Roles
  • 2. Project Classes
  • 3. Project Statuses
- Financial Structures
  • 1. Expenditure Types
  • 2. Transaction Sources
  • 3. Expenditure Categories
Topic 7: Project Cost Management- Cross-Charge Processing
  • 1. Transfer Pricing
  • 2. Borrowed and Lent Transactions
- Cost Collection and Processing
  • 1. Cost Transactions
  • 2. Expense Management Integration
  • 3. Supplier Cost Processing

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question #1

Your client uses Resource Breakdown Structures (RBS) and Resource Mapping to associate amounts to resources. After making some changes to the resources at project level, forecasts are regenerated. After reviewing the cost amounts associated with the resources, you suspect that the cost association does not match your client's expectations. Identify two valid rules based on which cost association works. (Choose two.)

  • A. If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with thelowest number at the lowest level.
  • B. If one branch contains a user-defined resource type, precedence is given to the branch that contains a user-defined resource type.
  • C. If a transaction maps to more than one level, Oracle PPMCloud sums the precedence numbers for all resource type in the branch and gives precedence to the resource element in the branch with the highest sum.
  • D. If there is only one level in RBS to which the transaction maps, the cost amounts are mapped to that level.
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

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Question #2

You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
AssociatedProject Budgeted Cost: USD 300
Contract Amount: USD 1000
Project Funded Amount: USD 750
Sum of Existing Revenue Events: USD 80
Identify the Associated Project Spent revenue that will get generated based on the preceding details. (Choose the best answer.)

  • A. USD 120
  • B. USD 184
  • C. USD 70
  • D. USD 134
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #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 with a specified proficiency and the resource has the qualification that meets the specified proficiency.
  • B. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have thequalification.
  • C. 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.
  • D. An individual's score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

Question #4

You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitmentfor $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

  • A. 900
  • B. 600
  • C. 800
  • D. 1000
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for Exam-Killer members. You can sign-up / login (it's free).

Question #5

Using Oracle Time and Labor, your client wants to put in a validation process that allows only a certainnumber 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. project time validation rules
  • B. time entry rules
  • C. time audit rules
  • D. time calculation rules
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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