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1z0-1057-24 Oracle Project Management Cloud 2024 Implementation Professional Questions and Answers

Questions 4

Which step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment?

Options:

A.

Planning

B.

Deploying

C.

Maintaining

D.

Setting Up

E.

Opting In

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Questions 5

In your customer site, the capitalized interest calculation is implemented on their project types. Which option represents the costs considered in the interest calculation? (Choose the best answer.)

Options:

A.

common costs on the project/task

B.

expenditure type exclusions on the Capitalized Interest rate name

C.

expenditure type exclusions on the Capitalized Interest rate schedules

D.

expenditure items whose cost spreads across multiple assets that are capitalized

E.

expenditure items whose costs are applied to a single asset or multiple assets

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Questions 6

You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)

Options:

A.

On Hold > Pending Acceptance > Active

B.

On Hold > Pending Approval > Active

C.

Pending Approval > Pending Acceptance > Active

D.

Pending Acceptance > Pending Approval > Active

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Questions 7

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.)

Options:

A.

The project sends only the invoice header and invoice line description to Receivables, not the invoice distributions.

B.

The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.

C.

The project sends only the invoice header to Receivables, not the invoice line description and distributions.

D.

The project sends the invoice line description and the invoice distributions to Receivables, but not the invoice header.

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Questions 8

Identify thethreecontract attributes from Project Performance Data that are used in Project Performance dashboard regions. (Choose three.)

Options:

A.

Expenditure Type

B.

Projects

C.

Contract Line

D.

Contract Header

E.

Task

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Questions 9

Your organization has decided to enable the common accounting and project accounting periods option while defining business unit implementation options.

Where will you maintain the accounting period statuses if this option has been enabled?

Options:

A.

Project Foundation

B.

Project Costing

C.

General Ledger

D.

Subledger Accounting

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Questions 10

You have defined two expenditure types but they are not available for selection when you enter an expenditure batch.

What is the reason for this problem?

Options:

A.

The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.

B.

The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.

C.

The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.

D.

The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.

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Questions 11

Shift is one of the key elements in defining project and resource calendars.

Which two additional key elements are required to define the project and resource calendars? (Choose two.)

Options:

A.

Schedule Exceptions

B.

Workday Patterns

C.

Time off

D.

Expenditure Type

E.

Accounting Calendar

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Questions 12

A project administrator is trying to assign 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.)

Options:

A.

The employee is not assigned to the project-owning organization.

B.

The employee is not assigned with a supervisor.

C.

Project roles are not assigned in the project.

D.

The employee is not assigned to a department.

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Questions 13

Where should you specify the Default Capitalized Interest Rate Schedule?

Options:

A.

Manage Capitalized Interest Rates page

B.

Manage Expenditure Type page

C.

Manage Capitalized Interest Rate Schedules page

D.

Manage Project Type page

E.

Manage Project Plan Type page

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Questions 14

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

Options:

A.

Event completion flowsfrom Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.

B.

Billing events flow from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.

C.

Summarized actual quantity and cost flowfrom Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.

D.

Projects and task definitions flowfrom Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.

E.

Project plans and progress flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.

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Questions 15

Your customer has implemented Oracle Project Portfolio Management Cloud recently and they have hired new employees for their Professions Services business. These employees are set up in Oracle Human Capital Management Cloud, but the Project Administrators are unable to add them as resources in the Planning Resource Breakdown Structure.

What are three conditions for new employees to show up in the list? (Choose three.)

Options:

A.

Current date is before the effective date of the resource, and you did not enable the “Include people with future-dated effective start dates” option during the search.

B.

All new employees created as persons must have an active supervisor.

C.

All new employees created as personsmust be assigned to a department.

D.

All new employees created as personsmust have an active assignment.

E.

All new employees created as persons must have an active project role.

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Questions 16

You have a billable project for which the following details are provided:

Associated Inception-To-Date (ITD) Project Actual Cost: USD 60

Associated Project 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.)

Options:

A.

USD 184

B.

USD 120

C.

USD 134

D.

USD 70

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Questions 17

Your customer wants to perform billing based on the Percent Spent invoice method. Identify two setups that are required in project contracts for calculating invoice amounts as per their requirement. (Choose two.)

Options:

A.

billing events

B.

bill plan

C.

expenditure items

D.

billing controls

E.

invoice method

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Questions 18

You are currently involved in the implementation of the Project Financial Management solution for your client organization. Your client organization has two main lines of business: Consulting and Support. Consulting Services and Support Services organizations have different project planning, management, analysis and reporting requirements for the projects that they manage, though the management reporting and transaction processing requirements are the same for both the organizations.

What will be your recommendation?

Options:

A.

Define One Business Unit and Two Project Units

B.

Define Two Business Units and Two Project Units

C.

Define One Business Unit and Three Project Units

D.

Define Two Business Units and One Project Unit

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Questions 19

Which product offering simplifies the planning, budgeting, and forecasting capabilities as part of Project Management Cloud?

Options:

A.

Enterprise Contract Management

B.

Project Billing

C.

Project Control

D.

Project Costing

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Questions 20

Which product offering enables you to collaboratively plan and deliver projects by leveraging intuitive and integrated scheduling tools?

Options:

A.

Resource Management

B.

Project Control

C.

Project Management

D.

Project Costing

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Questions 21

After completing setups in a source environment, your customer wants to move the setup data to a target environment. Identify the two statements related to task list scope, which you must consider before taking a decision based on the customer requirement. (Choose two.)

Options:

A.

Exported setup data can befiltered by specific scope valuesif the business object has scope enabled for the setup data export.

B.

Exported setup data cannot be filtered by specific scope values if the business object has scope enabled for the setup data export.

C.

A scope value is used to assign users who can perform a task within an implementation project.

D.

A task list can besegmented by a scope valueand a task can be performed for each qualifying value of the selected object.

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Questions 22

Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page. An HCM person is included in a condition with a process order value of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

Options:

A.

The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

B.

For the three conditions that have the same process order value of 10, the records are processed inascending alphabetic orderbased on the condition name.

C.

For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.

D.

The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

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Questions 23

You have projects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that thesedistribution set lines are not validated against the project transaction controlsand you are allowed to save it without any validation errors. Identify thereasonwhy the project transaction controls are notapplied. (Choose the best answer.)

Options:

A.

There is no expenditure type information available on the distribution set line.

B.

There is no expenditure organization information available on the distribution set line.

C.

There is noexpenditure item dateinformation available on the distribution set line.

D.

The account code combination is not available on the distribution set line.

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Questions 24

Whichthreefile-based data imports are available for use in Oracle Project Portfolio Management Cloud?

Options:

A.

Project Tasks

B.

Project Budgets

C.

Project Billing Events

D.

Project Templates

E.

Capital Rate Schedule

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Questions 25

You have four resources in your organization: P, Q, R, and S.

Resource P – Project or resource calendar is active.

Resource Q – Project resource request dates are within the project or resource calendar effective dates.

Resource R – Resource calendar is complex, it does not contain seven days, and it contains more than one pattern and shift.

Resource S – Number of working days within the requested date range is not zero on the project or resource calendar.

Identify the resource for whom Resource Availability Capacity Score will not be calculated. (Choose the best answer.)

Options:

A.

P

B.

Q

C.

R

D.

S

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Questions 26

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 under projects. 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.)

Options:

A.

The “Require Task Managers to be Project Team Members” profile option is set to No.

B.

The “Require Task Managers to be Project Team Members” profile option is set to Yes.

C.

The quality manager belongs to a department that is not associated with the project.

D.

The quality manager is not assigned with a supervisor.

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Questions 27

While opening an organization tree on the Manage Organization Trees page, you notice that the hierarchy status is displayed as Inactive. Identify the two reasons for the organization tree to be in Inactive status. (Choose two.)

Options:

A.

You usedCreate Treein the action menu.

B.

You used Create Tree Version in the action menu.

C.

You used View Tree Version in the action menu.

D.

You selected theEdit iconfor opening the hierarchy.

E.

You opened the hierarchy by clicking the name.

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Questions 28

Stigma Consulting wants to implement the program management capability to coordinate and track their strategic programs.

Which three components are required to configure the program options as part of implementing the program management capability? (Choose three.)

Options:

A.

Calendar

B.

Calculation Methods

C.

Derivation Methods

D.

Currencies

E.

Accounting Methods

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Questions 29

You are trying to create a custom infolet but are not able to find the "Create Infolet" option in the Infolet repository window. Whichtwosteps should be completed before you can access the "Create Infolet" option?

Options:

A.

You must activatePage Composer.

B.

You should be on the Project Custom Objects page.

C.

You must be in anactive sandbox.

D.

You should enable the "Create Infolet" option from the Personalize Springboard page.

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Questions 30

Your customer wants a project start date to cascade to the project tasks but does not want the finish date to be cascaded. Identify the default setup in a project template that can be used to enable this.(Choose the best answer.)

Options:

A.

Cascade change to the start date.

B.

Do not cascade date changes.

C.

Cascade change to the finish date.

D.

Cascade change to the start date and the finish date.

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Questions 31

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

Options:

A.

Authorization Policy Manager

B.

Oracle Identity Manager

C.

Business Process Manager

D.

Functional Setup Manager

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Questions 32

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.)

Options:

A.

Create a revenue method with a revenue method classification of Amount Based.

B.

Create a revenue method with a revenue method classification of Rate Based.

C.

Create a revenue method classification with a revenue method of Percent Spent.

D.

Create a revenue method classification with a revenue method of Percent Complete.

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Questions 33

Your customer has separate organizations to maintain indirect, capital, and billing types of projects.

Identify the two setups that can be used to fulfill this requirement. (Choose two.)

Options:

A.

Project Type

B.

Business Unit

C.

Project Organization Classification

D.

Organization Tree

E.

Project Accounting Business Function

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Questions 34

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?

Options:

A.

Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier cannot be reprocessed.

B.

Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.

C.

You can enable automatic reprocessing of expenditure items processed before the burden schedule change.

D.

All expenditure items charged to the task use the new burden schedule.

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Questions 35

You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for a billable expenditure item and active contract, the process completessuccessfully but without any billing, and does not provide any error logs.

The program’s processing summary is as follows:

Billing Event Errors 0

Ineligible Contracts 0

Successfully Billing Events Created 0

Ineligible Contract Lines 0

Billing Transaction Exception Errors 0

Ineligible Bill Plans 0

Billing Transaction Exception Warnings 0

Ineligible Associated Projects 0

Successful Billing Transactions 0

Ineligible Expenditure Items 0

Draft Invoice Exception Errors 0

Ineligible Events 0

Draft Invoice Exception Warnings 0

Successful Draft Invoices 0

What was the invoice method classification set to that caused this behavior? (Choose the best answer.)

Options:

A.

Amount Based

B.

Rate Based

C.

As Incurred

D.

Percent Complete

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Questions 36

Where is the Allow Override option for the Default Capitalized Interest Rate Schedule specified?

Options:

A.

Manage Project Type page

B.

Manage Capitalized Interest Rate Schedules page

C.

Manage Capitalized Interest Rates page

D.

Manage Expenditure Type page

E.

Manage Project Plan Type page

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Questions 37

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.)

Options:

A.

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.

B.

The Bill-To-Customer dimension applies only to Revenue and Invoice measures.

C.

The Contract and Contract Line dimensions apply only to Invoice measures.

D.

The Bill-To-Customer dimension applies to Invoice measures, and the Contract and Contract Line dimensions apply to Revenue and Invoice measures.

E.

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.

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Exam Code: 1z0-1057-24
Exam Name: Oracle Project Management Cloud 2024 Implementation Professional
Last Update: Jun 15, 2025
Questions: 126
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