Oracle Project Management Cloud 2021 Implementation Essentials: 1Z0-1057-21 Exam

"Oracle Project Management Cloud 2021 Implementation Essentials", also known as 1Z0-1057-21 exam, is a Oracle Certification. With the complete collection of questions and answers, UpdateDumps has assembled to take you through 93 Q&As to your 1Z0-1057-21 Exam preparation. In the 1Z0-1057-21 exam resources, you will cover every field and category in Project Financials Management Cloud Certification helping to ready you for your successful Oracle Certification.

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  • Updated on: Sep 12, 2026
  • No. of Questions: 93 Questions & Answers

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  • Updated on: Sep 12, 2026
  • No. of Questions: 93 Questions & Answers

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Project Financial Management- Budgeting and Forecasting
- Cost Management and Control
- Revenue Recognition Basics
Topic 2: Project Management Cloud Setup and Configuration- Enterprise Project Structure (EPS) and Project Setup
- Project Types and Templates Configuration
Topic 3: Project Execution and Control- Resource Assignment and Utilization
- Task Management and Scheduling
- Progress Tracking and Reporting
Topic 4: Integration and Configuration- Integration with Oracle Financials Cloud
- Integration with Oracle HCM Cloud
Topic 5: Reporting and Analytics- OTBI and Dashboard Usage
- Project Performance Reporting
Topic 6: Security and Data Access- Project Security Configuration
- Role-Based Access Control

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

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 Billing Specialist- Security based on Contract BU
  • 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 Team Member- Security based on Project Assignment
Answer: B,E

Which setup option is common to both financial and project plan types?

  • A. Enable the use of a workflow for managing budget or forecasting status changes.
  • B. Manage the options for creating control budgets in Oracle Fusion Budgetary Control.
  • C. Enable the entry of plan amounts in currencies other than the project currency.
  • D. Identify whether the plantype is the default selection when you create budget or forecast versions.
Answer: C

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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. 800
  • C. 600
  • D. 1000
Answer: A

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Which three tools are available for accessing REST APIs?

  • A. cURL
  • B. Oracle Transactional Business Intelligence
  • C. Programming Language
  • D. Web Browser
Answer: A,C,D

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Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page.
An HCM person is included in a condition with a process ordervalue 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.)

  • A. For the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic orderbased on the condition name.
  • B. 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.
  • C. 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.
  • D. 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.
Answer: A,C

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