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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionObjectives
Project Costing- Manage project costing configuration
  • 1. Budgetary controls
  • 2. Allocations
  • 3. Cost collection center
  • 4. Time and labor integration
  • 5. Burdening
Project Foundation- Configure foundational project structures
  • 1. Transaction sources
  • 2. Project calendars and periods
  • 3. Project types
  • 4. Rate schedules
  • 5. Project resources
Applications Security- Manage security configuration
  • 1. Applications Security Console
  • 2. Roles and duties
Program Management- Manage programs and reporting
  • 1. Program setup
  • 2. Program reporting
Project Control- Manage project planning and forecasting
  • 1. Project budgets
  • 2. Forecast management
Functional Setup Manager- Configure implementation setup
  • 1. Rapid Implementation Workbook
  • 2. Functional Setup Manager usage
Project Performance Reporting- Configure reporting and KPI tracking
  • 1. Performance KPIs
  • 2. Project reporting configuration
Project Management- Manage project execution
  • 1. Issues and deliverables
  • 2. Project gates
  • 3. Project requirements
  • 4. Application Composer usage
Project Resource Management- Configure resource management
  • 1. Resource allocation
  • 2. Enterprise labor resources
Project Billing- Configure project billing and revenue
  • 1. Project invoicing
  • 2. Cross charging
  • 3. Transfer pricing
  • 4. Revenue management
Common Project Configuration- Configure enterprise project settings
  • 1. Subledger Accounting
  • 2. Reference data sharing
  • 3. Project Financial Management organizations
Project Management Overview- Describe the components of Oracle Project Management Cloud
  • 1. Explain available integrations
  • 2. Understand project management architecture
Navigation, User Experience, Personalization, and Approvals- Describe user experience features
  • 1. Personalization options
  • 2. Navigation concepts
- Manage approvals and workflows
  • 1. Configure approval tasks
  • 2. Set up notifications

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. You want to create a few project roles so as to restrict access in 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 Manager - Security based on Project Assignment
B) Project Team Member - Security based on Project Assignment
C) Project Billing Specialist - Security based on Contract BU
D) Project Accountant - Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
E) Project Executive - Security based on Project Hierarchy


2. 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) Identify whether the plan type is the default selection when you create budget or forecast versions.
C) Manage the options for creating control budgets in Oracle Fusion Budgetary Control.
D) Enable the entry of plan amounts in currencies other than the project currency.


3. Identify the attribute of a project type that determines if expenditure items are billable, and the amount type to be used as the basis for transfer pricing. (Choose the best answer.)

A) event type
B) cost type
C) work type
D) expenditure type


4. When implementing Project Performance Reporting, your customer has the following requirements:
Every time a project cost is greater than or equal to a threshold, then the project should be shown as critical.
As long as a project cost is less than the threshold, the project should be shown as on-track.
Which threshold level rule is ideal for this kind of KPI definition? (Choose the best answer.)

A) multiple threshold level value
B) multiple threshold levels
C) single threshold level value
D) single threshold level range


5. Which two are the workflows in Project Financial Management?

A) Burden Cost Recalculation
B) Expenditure Item Adjustment
C) Asset Line Generation
D) Capital Interest Calculation
E) Project Status Change


Solutions:

Question # 1
Answer: A
Question # 2
Answer: D
Question # 3
Answer: A
Question # 4
Answer: C
Question # 5
Answer: B

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