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Oracle 1Z0-1057-21 Exam Syllabus Topics:

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

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question #1

Identify three correct statements about the integration of Primavera P6 Enterprise Project Portfolio Management and Oracle Project Portfolio Management Cloud. (Choose three.)

  • A. Summarized actual quantity and cost flowfrom Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
  • B. Billing events flow from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.
  • C. Projects and task definitions flowfrom Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
  • D. Event completion flowsfrom Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.
  • E. Project plans and progress flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
Reveal Solution  Discussion  0

Correct Answer: A,C,D  🗳️

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Question #2

A project administrator is trying toassign a team member for a project but cannot find the person in the team member list on the Project Definition page. What is the reason for this problem? (Choose the best answer.)

  • A. The employee is not assigned to a department.
  • B. Project roles are not assigned in the project.
  • C. Theemployee is not assigned with a supervisor.
  • D. The employee is not assigned to the project-owning organization.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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

Question #3

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

Correct Answer: A,B  🗳️

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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  🗳️

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Question #5

You have been asked to set up one active person, who is not a team member in the project, as a quality manager for each quality task created underprojects. However, when you try to assign the quality manager as Task Manager, you cannot find the person's name in the list of values. What is the reason for this problem?
(Choose the best answer.)

  • A. The quality manager belongs to a department that is not associated with the project.
  • B. The "Require Task Managers to be Project Team Members" profile option is set to Yes.
  • C. The "Require Task Managers to be Project Team Members" profile option is set to No.
  • D. The quality manager is not assigned with a supervisor.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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