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Oracle 1z0-1057-24 Exam Syllabus Topics:
Topic
Details
Topic 1
- 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.
Topic 2
- 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 3
- Configure Project Billing: Targeting billing specialists, this section involves configuring project cross-charging and transfer pricing, and managing project invoicing and revenue processes to ensure accurate and efficient billing operations.
Topic 4
- Setting up Common Project Configuration: Targeting project configuration specialists, this section involves managing Subledger Accounting, setting up Project Financial Management Organizations, and managing Reference Data Sharing to ensure consistent and accurate financial reporting.
Topic 5
- 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 6
- Configure Project Performance Reporting: This section assesses the skills of performance reporting analysts and includes configuring and managing key performance indicators for project performance reporting to monitor and evaluate project success effectively.
Topic 7
- 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 8
- Using Functional Setup Manager: This section measures the skills of functional setup managers and focuses on understanding the Functional Setup Manager and the Rapid Implementation Workbook, which are essential for configuring and deploying Oracle Project Management Cloud applications.
Topic 9
- Configure Project Resource Management: This section measures the skills of resource managers and focuses on defining project enterprise labor resources to optimize resource allocation and utilization.
Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q29-Q34):
NEW QUESTION # 29
You create a project schedule with a Shifts element. Identify two more elements that can be part of a project schedule. (Choose two.)
- A. Time Off
- B. Exceptions
- C. Accounting Calendar
- D. Workday Patterns
- E. Expenditure Type
Answer: B,D
Explanation:
Reference: https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1192914.htm Topic - Creating Calendars for Projects and Resources: Procedure Project Schedules are used as a base for project and resource calendars in Project Execution Management applications. The smallest scheduling unit is a day. For example, you can define the number of hours in a day but, you can't schedule work for a specific time of the day.
The following are the elements of a schedule:
* Shifts
* Workday patterns
* Exceptions
NEW QUESTION # 30
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?
- 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.
Answer: A,C
Explanation:
Ref:https://docs.oracle.com/cd/E83857_01/saas/applications-common/18b/oaext/page-modification.
html#OAEXT1640891
NEW QUESTION # 31
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.)
- A. There is noexpenditure item dateinformation available on the distribution set line.
- B. The account code combination is not available on the distribution set line.
- C. There is no expenditure type information available on the distribution set line.
- D. There is no expenditure organization information available on the distribution set line.
Answer: A
Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/18c/oapfm/project-costing- configuration-define-project-costing-integrations.html#OAPFM174886 How can I validate distribution sets for projects information?
Oracle Fusion Projects performs validations on Oracle Fusion Payables distribution sets for payables invoices at the time you create the actual distribution set lines. It validates the project and task number during the invoice validation.
Distribution sets are typically used on recurring transactions, and the associated project does not have transaction controls.When you create a distribution set in Oracle Fusion Payables, the distribution set line is not validated against the project transaction controls in Oracle Fusion Projects because you do not enter an expenditure item date, which is required for transaction control validation.The expenditure item date is not provided because you use the distribution sets for an indefinite period of time.
NEW QUESTION # 32
When scheduling the Update Project Performance Data process to run on a periodic basis, which summarization method would you select? (Choose the best answer.)
- A. Bulk
- B. Incremental
- C. Summary
- D. Detail
Answer: B
Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project- organizations.html#OAPFM177674 Settings That Affect Performance Data Summarization You can summarize performance data for a project unit, business unit, a range of projects, or projects managed by a project manager. When you run the Update Project Performance Data process from the Scheduled Processes page, select one of the summarization methods from the following table:
Summarization Method
Usage
Incremental
Summarizes new transactions that are yet to be summarized
Delete and re-summarize
Correct summary data when the source system data changes outside the regular transaction flow.
Do not use this summarization method when you run the Update Project Performance Data Without Producing Report process unless you are advised to do so.
Resource breakdown structure
Migrate all summary data from one resource breakdown structure version to the next.
If you select this option, you must also specify the resource breakdown structure header.
NEW QUESTION # 33
Your organization has been awarded a new contract based on which you are allowed to sell:
* Items not tracked in inventory
* Inventory items
* Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)
- A. Create two contract lines with a line type each of "free-form, project-based buy agreement" and "bundle sell, project-based".
- B. Create two contract lines with a line type each of "sell intent, item, project-based' and "subscription, project-based, sell".
- C. Create two contract lines with a line type each of "product, project-based, sell agreement, standalone" and "sell intent, item, project-based".
- D. Create two contract lines with a line type each of "sell intent, free-form, project-based" and "sell intent, item, project-based".
Answer: D
Explanation:
To sell items not tracked in inventory, inventory items, and services, you can create two contract lines with different line types. The line type of "sell intent, free-form, project-based" allows you to sell any item or service without specifying the item number or quantity. The line type of "sell intent, item, project-based" allows you to sell inventory items by specifying the item number and quantity. Both line types are project- based, meaning they are linked to a project and generate revenue based on project performance.Reference:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-contracts.
html#OAPFM2355835
NEW QUESTION # 34
......
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