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Oracle 1z0-1057-24 Exam Syllabus Topics:

Topic	Details
Topic 1	Configure Project Costing: Aimed at cost management analysts, this section covers configuring the Project Cost Collection Center, managing burdening and allocations, explaining capitalized interest calculations, describing budgetary controls, configuring Time & Labor for projects, and managing integrations to ensure accurate project costing.
Topic 2	Describing Applications Security: Aimed at security administrators, this section covers the Applications Security Console, identification of roles in a seeded security implementation, and management of roles and duties to ensure secure access and operations.
Topic 3	Describing Navigation, User Experience, Personalization, and Approvals: Targeting user experience designers, this section evaluates knowledge of business processes supported by approvals and workflows, setting up approval and notification tasks, and concepts related to navigation, user experience, and personalization within the application.
Topic 4	Configure Project Management: Aimed at project execution managers, this section describes common project execution components, managing issues and deliverables, project requirements, configuring social networks for project execution, managing project gates, and using Application Composer for project execution management to ensure seamless project operations.
Topic 5	Project Management Overview: This section assesses the skills of project management consultants and focuses on understanding the components of Oracle Project Management Cloud, including its integration capabilities.
Topic 6	Configure Project Foundation: This section assesses the skills of project foundation specialists and includes setting up project calendars and periods, defining types and categorizations, managing project resources, describing rate schedules, project types, setting up transaction sources, and managing labor schedules to establish a solid foundation for project management.
Topic 7	Configure Project Control: This section measures the skills of project control specialists and focuses on managing project budgets and forecasts to maintain control over project financials and performance.

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Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q10-Q15):

NEW QUESTION # 10
Whichfivesteps are required for the File-Based Data Import Integration option?

A. Download an Excel template.
B. Run Process to transfer data to interface tables.
C. Import data into various applications.
D. Upload the file to the server.
E. Install an Excel add-in.
F. Populate the spreadsheet with data and generate a CSV file.
G. Validate the sheet using the Validate option.

Answer: A,B,D,E,F

Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oefpp/overview.
html#External_Data_Integration_Services_for_Oracle_Cloud_Overview

NEW QUESTION # 11
In a Project Draft Invoice preview, quantity (hours) and unit price (bill rate) are shown as fields on the invoice. Quantity and unit price are then used to calculate the line total, then the total price of the invoice.
After the invoice is transferred or created in Receivables, the invoice detail has a quantity of 1, and a unit price equal to the line total. The detailed Unit Price/Quantity does not come through on the Receivables invoice.
Identify the correct statement about details in the receivables invoice. (Choose the best answer.)

A. The project sends the invoice line description and the invoice distributions to Receivables, but not the invoice header.
B. The project sends only the invoice header to Receivables, not the invoice line description and distributions.
C. The project sends only the invoice header and invoice line description to Receivables, not the invoice distributions.
D. The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.

Answer: C

Explanation:
When a project invoice is transferred or created in Receivables, the project sends only the invoice header and invoice line description to Receivables, not the invoice distributions. The invoice distributions contain the detailed information such as quantity, unit price, and line total. Therefore, the Receivables invoice does not show these details, but only shows a quantity of 1 and a unit price equal to the line total.Reference:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-invoices.
html#OAPFM2355931

NEW QUESTION # 12
You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? (Choose two.)

A. Enter progress for tasks.
B. Edit task details.
C. View task details and the task activity stream.
D. Receive email notifications about changes that team members make to a task.

Answer: C,D

Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/execute-project-tasks- and-deliverables.html#OAPEM1122082 Followers are persons who aren't working on the task but have an interest in reviewing the task progress. Only the resources and other followers can add followers to a task. If a resource assigns the task to another team member, the application automatically changes the original resource to a follower.
What's the difference between my tasks and tasks that I follow?
* You can edit task details and enter progress for your tasks on the Manage Tasks page. If a task has multiple resources, only the primary resource can edit the task.
* When you follow a task, you can view the task details and see the task activity stream. You receive e- mail notifications of changes that team members make to the task.
* If a resource reassigns the task to another team member, then the previous resource automatically becomes a follower.

NEW QUESTION # 13
Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types.
Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

A. Create a revenue method classification with a revenue method of Percent Spent.
B. Create a revenue method classification with a revenue method of Percent Complete.
C. Create a revenue method with a revenue method classification of Amount Based.
D. Create a revenue method with a revenue method classification of Rate Based.

Answer: D

Explanation:
To perform revenue recognition based on the Labor and Non-labor Burden schedule types, you need to create a revenue method with a revenue method classification of Rate Based. This classification allows you to use the burdened cost rates of labor and non-labor resources as the basis for revenue recognition. The burdened cost rates are derived from the burden schedules that are assigned to the project or task. Reference:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-revenue.
html#OAPFM2355981

NEW QUESTION # 14
Your organization has been using project class categories and codes for reporting purposes and is set up at the project level. You recently defined a new project type, Capital-Contract, and created new class categories named Build, Operate, and Transfer (BOT) and Build, Transfer, and Maintain (BTM), with class codes of Yes
/No. But on creation of a project, you are unable to associate these class categories and codes.
Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)

A. Class codes should be assigned to project unit.
B. Class categoriesshould beassignedtoproject type.
C. Class codesshould beassociatedwith a relatedset code.
D. Class categories should be assigned to business unit.

Answer: B,C

Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundation- configuration-manage-project-types.html#OAPFM360164 Topic - Associating Project Types and Class Categories: Examples Project classifications group your projects according to categories and codes that you define. When you associate project classifications with project types, the classification is available for selection on projects with that project type.
Use any of the following methods to associate class categories with project types:
* Add a classification to the project type definition
For each classification that you associate with the project type, you can enable the Assign to All Projects option to automatically add the classification to the project definition for all new projects with the project type.
When this option is enabled, all projects with this project type must be assigned a class code for the class category.
* Add a project type to the class category definition
* Enable the Assign to all Project Types option on the class category definition

NEW QUESTION # 15
......

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