Pass 1z0-1057-22 Exam - Real Test Engine PDF with 128 Questions
Get New 1z0-1057-22 Certification Practice Test Questions Exam Dumps
The Oracle 1z0-1057-22 exam is designed to certify the skills and knowledge of professionals who are responsible for implementing project management solutions using the Oracle Project Management Cloud. This certification exam is intended for project managers, solution architects, and implementation consultants who have experience with Oracle Project Management Cloud solutions.
NEW QUESTION # 13
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 Contract and Contract Line dimensions apply only to Invoice measures.
- B. 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.
- C. The Bill-To-Customer dimension applies only to Revenue and Invoice measures.
- D. 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.
- E. The Bill-To-Customer dimension applies to Invoice measures, and the Contract and Contract Line dimensions apply to Revenue and Invoice measures.
Answer: E
Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/faopm/subjectareas.html#Projects__Cross_Subject_Area_Analysis__Real_Time_SA_20 Analyze real-time information on project performance, including budgets, forecasts, costs, commitments, revenue, and invoices.
This subject area analysis allows cross subject area analysis between Funding, Invoices, Revenue, Budget, forecasts, Costs areas.
NEW QUESTION # 14
Which five steps are required for the File-Based Data Import Integration option?
- A. Populate the spreadsheet with data and generate a CSV file.
- B. Download an Excel template.
- C. Import data into various applications.
- D. Run Process to transfer data to interface tables.
- E. Upload the file to the server.
- F. Install an Excel add-in.
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 # 15
Which product offering enables you to collaboratively plan and deliver projects by leveraging intuitive and integrated scheduling tools?
- A. Project Control
- B. Resource Management
- C. Project Management
- D. Project Costing
Answer: C
NEW QUESTION # 16
You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? (Choose two.)
- A. Edit task details.
- B. View task details and the task activity stream.
- C. Receive email notifications about changes that team members make to a task.
- D. Enter progress for tasks.
Answer: B,C
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 # 17
Where is the Allow Override option for the Default Capitalized Interest Rate Schedule specified?
- A. Manage Capitalized Interest Rates page
- B. Manage Capitalized Interest Rate Schedules page
- C. Manage Project Plan Type page
- D. Manage Project Type page
- E. Manage Expenditure Type page
Answer: A
NEW QUESTION # 18
Which four standard objects can you configure to include business specific attributes by using Application Composer for Project Execution Management? (Choose four.)
- A. Project Resource Request
- B. Project Deliverables
- C. Project Resource Assignment
- D. Project Issues
- E. Project Milestones
- F. Project Gates
Answer: B,C,E,F
NEW QUESTION # 19
Green House Corporation has decided to enable the budgetary control feature for their projects. At which two levels will they be able to enter the amounts in the budget versions for these projects?
(Choose two.)
- A. Expenditure Category
- B. Task
- C. Project
- D. Top resource
- E. Expenditure Type
Answer: A,B
NEW QUESTION # 20
Your customer accounts revenue based on, product class category. Because all your customer's projects are funded by private and government institutions, they decide to classify all projects based on their funding source to accurately report on revenue in General Ledger. Accordingly, you create a new class category "Funding Source" and assign it to all projects. However, you notice that the accounting is still happening based on product class category. Identify the reason for this problem. (Choose the best answer.)
- A. Funding source class category is enabled for "available as accounting source".
- B. Funding source class category is assigned to all project types.
- C. Funding source class category is not enabled for "available as accounting source".
- D. Product class category is not enabled for "available as accounting source".
Answer: C
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation-configuration-define-types-and-categorizations.html#OAPFM222700 Topic - Manage Project Class Categories Setting Up Class Categories: Points to Consider Available as Accounting Source This option indicates if the class category is available as an accounting source so that Oracle Fusion Subledger Accounting can use the category to create mapping sets, account rules, journal line rules, and description rules.
Only one class category at a time is available as an accounting source in Oracle Fusion Subledger Accounting. To change the class category that Oracle Fusion Subledger Accounting uses, deactivate the old class category and create a new one with a different date range.
NEW QUESTION # 21
As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes in HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers. (Choose the best answer.)
- A. Person Type
- B. Pool Membership
- C. Jobs
- D. attributes that the project enterprise resources are assigned after creation
Answer: A
Explanation:
Reference https://docs.oracle.com/cloud/farel8/projectcs_gs/OAPEX/F1082603AN23E61.htm Manage Project Enterprise Labor Resource Maintenance Conditions Project Enterprise Labor Resources: How They Are Automatically Created and Maintained Run the Maintain Project Enterprise Labor Resources process to create resources, remove resource availability for staffing, and maintain the resource search index.
Settings That Affect the Maintain Project Enterprise Labor Resources Process Create and maintain project enterprise labor resources by defining a set of conditions that specify the employees and contingent workers in Oracle Fusion Human Capital Management (HCM) to create as resources in Oracle Fusion Project Portfolio Management. Define the resource attribute values, such as the resource calendar and primary project role, to assign to the new resources.
The following table lists the criteria that you define for selecting HCM persons to create as project enterprise labor resources.
Selection Criteria
Description
Person type
Select the HCM person type for the process to use as criteria when selecting HCM persons to create as resources. Available person types are employees, contingent workers, or both employees and contingent workers.
Option to select people based on job
Select this option for the process to create resources for HCM persons with specific jobs.
Caution If you do not select job criteria for this condition, the process will create resources for all eligible people based only on the person type.
Jobs
If you selected the option to select people based on job, then select the jobs for the process to use as HCM person selection criteria.
The following table lists the attributes for which you specify values to assign to resources that are created for the condition.
Resource Attribute
Description
Option to manage resource availability and staffing
Select this option for resource managers to manage the availability and project staffing of resources who are created based on the condition. Resources who are managed in Oracle Fusion Project Resource Management are eligible to fulfill project resource requests.
Calendar
Select the resource calendar for resources that are created based on the condition. The resource calendar defines the work schedule for project enterprise labor resources, and includes working days and hours and any exceptions, such as holidays.
Primary project role
Select the primary project role for resources that are created based on the condition. Project roles are maintained in Oracle Fusion Project Management.
Cost rate and currency
Enter the cost rate and currency for resources that are created based on the condition.
Bill rate and currency
Enter the bill rate and currency for resources that are created based on the condition.
NEW QUESTION # 22
You have been hired as a project manager for implementing the Project Financial Management and Project Execution Management offering by an organization. The Chief Information Officer of the deploying organization has requested you to explain the benefits of using the implementation project-based approach over the functional area-based approach.
Which two are the main benefits of using the implementation projects within Functional Setup Manager? (Choose two.)
- A. Implementation Project helps you to use the manage setup data entry in bulk option.
- B. Implementation Project helps in assigning responsibility of managing setup data to a broad group of users.
- C. Implementation Project gives you the flexibility to set up different functional areas of the offering at different times.
- D. Implementation Project helps you to monitor progress of the setup tasks.
Answer: A,C
NEW QUESTION # 23
Identify two attributes for which you can enter budgets that will be considered for Budgetary Controls in Project Portfolio Management. (Choose two.)
- A. project plan type
- B. project
- C. expenditure item
- D. project classification
- E. resource
Answer: B,E
Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPJF/OAPJF1121937.htm#OAPJF1121937
NEW QUESTION # 24
Which three features are part of Oracle Fusion Functional Setup Manager?
- A. updating an implementation project task list by changing the opt-in configuration to suit the latest requirements
- B. export and import services for setup data migration between environments
- C. guided task list for end-to-end setup requirements
- D. modifying an existing implementation project task list by selecting more functional areas when needed
- E. feature opt-in for a best fit configuration
Answer: B,C,E
Explanation:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/oafsm/applications-cloud-using-functional-setup-manager.pdf Functional Setup Manager offers the following:
* Standardized application configuration and setup experience
* Feature opt-in for a best fit configuration
* Flexible processes for managing setup:
◦ Setup by functional areas for an adopt-as-you-go approach
◦ Implementation projects to manage setup
◦ Upload file to enter setup data in bulk
* Guided task list for end-to-end setup requirements
* Export and import services for setup data migration between environments
* Comprehensive reporting on setup data
NEW QUESTION # 25
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.)
- A. Pending Acceptance > Pending Approval > Active
- B. Pending Approval > Pending Acceptance > Active
- C. On Hold > Pending Acceptance > Active
- D. On Hold > Pending Approval > Active
Answer: B
Explanation:
Reference https://docs.oracle.com/cloud/latest/common/FASCC/FASCC1124283.htm Topic - Contract Actions and Status Changes: Explained
NEW QUESTION # 26
Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction's business unit.
Which reference data sharing method would you set up to meet the customer requirement? (Choose the best answer.)
- A. assignment to one set only; no common values allowed
- B. assignment to multiple sets; common values allowed
- C. assignment to one set only with common values
- D. assignment to multiple sets; no common values allowed
Answer: D
Explanation:
Reference https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-enterprise-structures.html#FACIA462453 Reference Data Sharing Methods Variations exist in the methods used to share data in reference data sets across different types of objects. The following list identifies the methods:
Assignment to one set only, no common values allowed. This method is the simplest form of sharing reference data that allows assigning a reference data object instance to one and only one set. For example, Asset Prorate Conventions are defined and assigned to only one reference data set. This set can be shared across multiple asset books, but all the values are contained only in this one set.
Assignment to one set only, with common values. This method is the most commonly used method of sharing reference data that allows defining reference data object instance across all sets. For example, Receivables Transaction Types are assigned to a common set that is available to all the business units. You need not explicitly assign the transaction types to each business unit. In addition, you can assign a business unit-specific set of transaction types. At transaction entry, the list of values for transaction types includes the following:
Transaction types from the set assigned to the business unit.
Transaction types assigned to the common set that is shared across all business units.
Assignment to multiple sets, no common values allowed. The method of sharing reference data that allows a reference data object instance to be assigned to multiple sets. For instance, Payables Payment Terms use this method. It means that each payment term can be assigned to one or more than one set. For example, you assign the payment term Net 30 to several sets but assign Net 15 to a set specific only to your business unit. At transaction entry, the list of values for payment terms consists of only the set that is assigned to the transaction's business unit.
Note: Oracle Fusion Applications contains a reference data set called Enterprise. Define any reference data that affects your entire enterprise in this set. Also update the data set going forward as you create new reference data items.
NEW QUESTION # 27
Identify the valid approval group type applicable to Oracle Project Financial Management Cloud. (Choose the best answer.)
- A. Static
- B. Position
- C. Job
- D. Flexfield
- E. Dynamic
Answer: A
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-approval-management.html#FACIA3124477 Topic Approval Groups Each approval group includes a set of users that you configure to act on tasks in a certain pattern. Tasks can be defined to get routed to an approval group instead of an individual user. You can nest approval groups within approval groups.
You have two options for defining the group:
Static: Select the specific users to include in the group.
Dynamic: Provide the logic to use to determine the users in the group.
NEW QUESTION # 28
Which three are valid password complexity criteria while setting up password policies? (Choose three.)
- A. Very Complex: At least 6 characters, 1 uppercase, 1 number, and 1 special character
- B. Complex: At least 8 characters, 1 uppercase, and 1 number
- C. Very Complex: At least 8 characters, 1 uppercase, 1 number, and 2 special characters
- D. Very Complex: At least 8 characters, 1 uppercase, 1 number, and 1 special character
- E. Simple: At least 8 characters and 1 number
Answer: B,C,D
NEW QUESTION # 29
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 Complete.
- B. Create a revenue method classification with a revenue method of Percent Spent.
- C. Create a revenue method with a revenue method classification of Rate Based.
- D. Create a revenue method with a revenue method classification of Amount Based.
Answer: C
NEW QUESTION # 30
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.)
- A. expenditure items whose cost spreads across multiple assets that are capitalized
- B. expenditure type exclusions on the Capitalized Interest rate schedules
- C. expenditure items whose costs are applied to a single asset or multiple assets
- D. common costs on the project/task
- E. expenditure type exclusions on the Capitalized Interest rate name
Answer: C
Explanation:
Reference https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_988B43C997365159E040D30A68813832
https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49622/F1125377AN61D92.htm
NEW QUESTION # 31
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.)
- A. expenditure items
- B. billing events
- C. bill plan
- D. invoice method
- E. billing controls
Answer: C,E
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/create-customer-contract.html#OAPJB70183 Bill Plan - Create a bill plan within a contract that uses the invoice method you require. Assign the bill plan to one or more contract lines. A set of instructions on a contract that define how to invoice a customer. Multiple contract lines on a contract can use the same or different bill plans. Invoice Method is used in creating Bill Plan - not a separate setup.
Billing Controls - Contract feature that controls the types of transactions, dates, and amounts a customer may be invoiced for and revenue can be recognized for a contract or contract line. Define billing controls at the contract or contract line level.
Topic - Creating a Contract for Percent Spent Invoice and Revenue Methods: Worked Example This example describes a scenario where transactions for a contract line need to be invoiced and the revenue recognized using the percent spent method.
What are the revenue and invoice method classifications? Percent Spent What is the billing extension calculation level for the contract line and project association? Project level Summary of the Tasks Create a contract, create the percent spent contract lines, create the bill plan, create the revenue plan.
Prerequisites
Create a project.
Create the project plan for percent spent revenue. Specify the plan type on the percent spent billing extension.
Create an approved cost budget.
Create cost and burden rates.
Enter labor and expense transactions for the project.
Collect costs for the transactions.
Configuration Steps
Creating the Contract
Creating the Percent Spent Contract Lines
Creating the Bill Plan - A set of instructions on a contract that define how to invoice a customer. Multiple contract lines on a contract can use the same or different bill plans.
Creating the Revenue Plan - Common set of instructions for recognizing revenue within a contract. Multiple contract lines on a contract can use the same or different revenue plans.
Invoice method classifications determine how transactions are invoiced. The invoice method determines how invoice amounts are derived.
Enter an invoice method on a bill plan, which you create for a contract and assign to contract lines to provide a set of instructions for creating an invoice.
Create billing controls for a contract or contract line to define the valid transaction dates, billing resources, and amount limits for transactions associated with the contract.
Generate invoices to calculate the invoice amounts for a contract.
The following figure illustrates the components of a project and a contract that determine invoice amounts, and the relationships between the components.
NEW QUESTION # 32
......
1z0-1057-22 Exam Dumps - PDF Questions and Testing Engine: https://actualtests.troytecdumps.com/1z0-1057-22-troytec-exam-dumps.html