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Oracle 1z0-1057-22 exam is designed for professionals who are seeking to become certified in Oracle Project Management Cloud 2022 Implementation. Oracle Project Management Cloud 2022 Implementation Professional certification is essential for individuals who wish to demonstrate their expertise in implementing Oracle Project Management Cloud solutions, and it can help them stand out in a competitive job market. 1z0-1057-22 exam covers a wide range of topics, including project planning, resource management, risk management, project execution, and project monitoring and control.
NEW QUESTION # 35
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 Expenditure Type page
- D. Manage Project Plan Type page
- E. Manage Project Type page
Answer: E
Explanation:
The Allow Override option for the Default Capitalized Interest Rate Schedule is specified on the Manage Project Type page. This option allows you to override the default capitalized interest rate schedule for a project or task that uses the project type. The default capitalized interest rate schedule is used to calculate the capitalized interest amount for a project or task based on the interest rates and dates defined in the schedule. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2356031
NEW QUESTION # 36
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.)
- A. The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.
- B. The project sends only the invoice header and invoice line description to Receivables, not the invoice distributions.
- 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.
Answer: B
Explanation:
When a project invoice is transferred or created in Receivables, the project sends only the invoice header and invoice line description to Receivables, not the invoice distributions. The invoice distributions contain the detailed information such as quantity, unit price, and line total. Therefore, the Receivables invoice does not show these details, but only shows a quantity of 1 and a unit price equal to the line total. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-invoices.html#OAPFM2355931
NEW QUESTION # 37
Which three tasks can be performed using the project requirements work area? (Choose three.)
- A. creating change orders for the backlog items.
- B. adding scrum master to backlog items.
- C. tracking backlog item status from the requirement storyboard.
- D. creating issues for the backlog items.
- E. creating projects and tasks in the context of backlog items.
Answer: C,D,E
Explanation:
The project requirements work area is a work area that allows you to define and manage requirements for your projects using various methods and sources. Requirements are statements of needs or expectations that must be met by the project outcome. Backlog items are a type of requirement that are used for agile projects that follow an iterative and incremental approach. Three of the tasks that can be performed using the project requirements work area are:
creating projects and tasks in the context of backlog items: This task allows you to create new projects and tasks or link existing projects and tasks to backlog items. This helps you to plan and execute the work that is required to fulfill the backlog items.
creating issues for the backlog items: This task allows you to create new issues or link existing issues to backlog items. Issues are problems or risks that affect the progress or outcome of a project or requirement. This helps you to track and resolve the issues that are related to the backlog items.
tracking backlog item status from the requirement storyboard: This task allows you to view and update the status of backlog items from the requirement storyboard. The requirement storyboard is a graphical representation of the progress and completion of backlog items using various stages and lanes. This helps you to monitor and control the delivery of backlog items. Adding scrum master to backlog items and creating change orders for the backlog items are not tasks that can be performed using the project requirements work area. Adding scrum master to backlog items is a task that can be performed using the project team work area, as scrum master is a role that is assigned to a project team member who facilitates and coordinates the agile project activities. Creating change orders for the backlog items is a task that can be performed using the project change management work area, as change orders are documents that capture and approve changes to a project scope, schedule, or budget. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-execution.html#OAPFM2356321
NEW QUESTION # 38
Which three are project gate statuses? (Choose three.)
- A. Open
- B. Draft
- C. Approve
- D. In Review
- E. Closed
Answer: A,D,E
Explanation:
Project gate statuses are values that indicate the progress or completion of a project gate. A project gate is a checkpoint that marks the end of a phase or stage in a project lifecycle. Three of the project gate statuses are:
Open: This status indicates that the project gate is not yet ready for review or approval.
In Review: This status indicates that the project gate is under review or approval by the gate reviewers or approvers.
Closed: This status indicates that the project gate has been reviewed or approved and the project can move to the next phase or stage. Approve and Draft are not project gate statuses, but actions that can be performed on a project gate. Approve is an action that allows a gate approver to approve a project gate and change its status to Closed. Draft is an action that allows a gate owner to create or edit a project gate and change its status to Open. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-execution.html#OAPFM2356251
NEW QUESTION # 39
Which component of performance measures allows you to select the method that is used to measure accounts such as budget, forecast, and actual?
- A. Time Member
- B. Accounts Member
- C. Category Member
- D. Scenario Member
Answer: B
Explanation:
The Accounts Member component of performance measures allows you to select the method that is used to measure accounts such as budget, forecast, and actual. The Accounts Member component defines the account dimension member for the performance measure, which represents the financial data that is measured. You can also specify the aggregation rule and calculation method for the account dimension member. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-performance-reporting.html#OAPFM2356081
NEW QUESTION # 40
Your organization wants to capture the project details for work order labor and equipment resource transactions as part of a project-driven supply chain solution.
Which expenditure type class is recommended for the expenditure types that need to be defined for these type of transactions?
- A. Work In Process
- B. Supplier Invoice
- C. Inventory
- D. Usages
Answer: A
Explanation:
The expenditure type class that is recommended for the expenditure types that need to be defined for work order labor and equipment resource transactions is Work In Process. This class indicates that the transactions are related to work orders that are performed as part of a project-driven supply chain solution. This class also allows the transactions to be processed by Oracle Fusion Manufacturing applications and transferred to Oracle Fusion Project Costing applications. Supplier Invoice is not a valid expenditure type class for work order labor and equipment resource transactions. This class indicates that the transactions are related to supplier invoices that are entered in Oracle Fusion Payables applications and transferred to Oracle Fusion Project Costing applications. Usages is not a valid expenditure type class for work order labor and equipment resource transactions. This class indicates that the transactions are related to material usages that are entered in Oracle Fusion Inventory Management applications and transferred to Oracle Fusion Project Costing applications. Inventory is not a valid expenditure type class for work order labor and equipment resource transactions. This class indicates that the transactions are related to inventory movements that are entered in Oracle Fusion Inventory Management applications and transferred to Oracle Fusion Project Costing applications. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2356311
NEW QUESTION # 41
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.)
- A. A task list can be segmented by a scope value and a task can be performed for each qualifying value of the selected object.
- B. Exported setup data can be filtered by specific scope values if the business object has scope enabled for the setup data export.
- C. Exported setup data cannot be filtered by specific scope values if the business object has scope enabled for the setup data export.
- D. A scope value is used to assign users who can perform a task within an implementation project.
Answer: A,B
Explanation:
Reference https://docs.oracle.com/cd/E60665_01/common/OAFSM/OAFSM1166430.htm#OAFSM1166426
NEW QUESTION # 42
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.)
- A. R
- B. S
- C. P
- D. Q
Answer: A
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/evaluate-and-assign-resources.html#OAPEM916359 Topic - Resource Available Capacity Score: How It's Calculated Calendars Used to Calculate Resource Available Capacity Scores How the Resource Available Capacity Score Is Calculated
NEW QUESTION # 43
Your client uses Resource Breakdown Structures (RBS) and Resource Mapping to associate amounts to resources. After making some changes to the resources at project level, forecasts are regenerated. After reviewing the cost amounts associated with the resources, you suspect that the cost association does not match your client's expectations. Identify two valid rules based on which cost association works. (Choose two.)
- A. If there is only one level in RBS to which the transaction maps, the cost amounts are mapped to that level.
- B. If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with the lowest number at the lowest level.
- C. If a transaction maps to more than one level, Oracle PPM Cloud sums the precedence numbers for all resource type in the branch and gives precedence to the resource element in the branch with the highest sum.
- D. If one branch contains a user-defined resource type, precedence is given to the branch that contains a user-defined resource type.
Answer: A,B
Explanation:
Reference https://docs.oracle.com/cd/E37583_01/doc.1116/e22598/F458900AN13D82.htm How Resource Mapping Is Calculated You can track the cost impact of every resource that has been assigned to a project task and use the resource breakdown structure to view the breakdown of these costs. Oracle Fusion Projects associates the costs of the resources used for tasks with branches and levels in the resource breakdown structure. The process for determining the correct association is managed by rules of precedence.
Oracle Fusion Projects uses the following rules to associate cost amounts with resources:
Select the lowest level in the resource breakdown structure to which a transaction can map.
If there is only one level to which the transaction maps, the cost amounts are mapped to that level.
If the transaction maps to more than one level, Oracle Fusion Projects sums the precedence numbers for all resource types in the branch and gives precedence to the resource element in the branch with the lowest sum.
If more than one branch has the lowest precedence number at the lower level, the application uses the precedence number of the next level up.
If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with the lowest number at the lowest level.
If one branch contains a user-defined resource type, precedence is given to the branch that does not contain a user-defined resource type.
Note Oracle Fusion Projects gives more precedence to a lower precedence number. For example, a resource element with a precedence number of 1 is given precedence over a resource element with a precedence number of 10.
NEW QUESTION # 44
Which component provides a human workflow service that handles all interactions with users or groups in business processes?
- A. Security Console
- B. Subledger Accounting
- C. BPM Worklist
- D. SOA Suite
Answer: D
NEW QUESTION # 45
When setting up capitalization options on a project type, you have decided to enable the Require Complete Asset Definition option. If this option is enabled, the "Transfer Assets to Oracle Fusion Assets" process will place asset lines with complete definition into which queue in Oracle Fusion Assets?
- A. Posted
- B. New
- C. Post
- D. Hold
Answer: C
NEW QUESTION # 46
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. Product class category is not enabled for "available as accounting source".
- D. Funding source class category is not enabled for "available as accounting source".
Answer: D
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 # 47
Which two statements are true about the borrowed and lent cross charge method? (Choose two.)
- A. You must set up a contract business unit to use this method.
- B. This method allows you to process cross charge transactions across legal entities.
- C. Internal Invoice is not generated with this method.
- D. This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations
Answer: A,C
NEW QUESTION # 48
Your customer has a requirement to import and process third-party transactions that are "costed" and "accounted".
Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)
- A. Import Options
- B. Document Options
- C. Transaction Source Options
- D. Document Entry Options
Answer: C
Explanation:
Reference https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJC/F1071488AN1004C.htm
NEW QUESTION # 49
Which two are the workflows in Project Financial Management? (Choose two.)
- A. Asset Line Generation
- B. Capital Interest Calculation
- C. Expenditure Item Adjustment
- D. Burden Cost Recalculation
- E. Project Status Change
Answer: C,E
Explanation:
The workflows in Project Financial Management are business processes that automate the approval and notification tasks for various project transactions and events. Two of the workflows in Project Financial Management are:
Project Status Change: This workflow manages the approval and notification tasks for changing the status of a project or task from one value to another. For example, when a project or task is submitted for approval, this workflow routes the request to the appropriate approvers and notifies them of the action required.
Expenditure Item Adjustment: This workflow manages the approval and notification tasks for adjusting expenditure items that have been charged to a project or task. For example, when an expenditure item is adjusted by a project manager or a cost accountant, this workflow routes the adjustment to the appropriate approvers and notifies them of the action required. Capital Interest Calculation, Burden Cost Recalculation, and Asset Line Generation are not workflows in Project Financial Management, but processes that perform various calculations and transactions for project costs and assets. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-financial-management.html#OAPFM2356161
NEW QUESTION # 50
Your organization has a requirement to create and apply a new theme for the application user interface.
Which option allows you to achieve this requirement?
- A. Structure Page
- B. Appearance Page
- C. User Interface Text
- D. Setup and Maintenance Work Area
Answer: B
Explanation:
The option that allows you to achieve this requirement is Appearance Page. This page allows you to create and apply a new theme for the application user interface by selecting various options such as colors, fonts, logos, etc. You can also preview and publish your theme changes using this page. Structure Page is not an option that allows you to achieve this requirement. This page allows you to customize the structure and layout of the application user interface by adding or removing components such as regions, tabs, fields, etc. Setup and Maintenance Work Area is not an option that allows you to achieve this requirement. This work area allows you to perform various setup tasks for implementing and configuring Oracle Fusion applications using predefined templates and spreadsheets. User Interface Text is not an option that allows you to achieve this requirement. This option allows you to customize the text and labels of the application user interface by editing or translating them using various tools such as Text Editor or Translation Workbench. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financial-management.html#OAPFM2356331
NEW QUESTION # 51
Your customer wants to automatically allocate unassigned asset lines and common costs across multiple assets based on the construction-in-process cost of each asset. Identify the asset allocation method that you must use as the default method while configuring project types to meet this requirement. (Choose the best answer.)
- A. Spread Evenly
- B. Estimated Cost
- C. Current Cost
- D. Actual Unit
- E. Standard Unit Cost
Answer: C
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundation-configuration-manage-project-types.html#OAPFM220111 Topic - Asset Cost Allocation Methods: Explained The asset cost allocation method determines how indirect or common costs incurred on a project are allocated to multiple assets.
You can specify an asset cost allocation method to enable Oracle Fusion Project Costing to automatically allocate unassigned asset lines and common costs across multiple assets. Unassigned asset lines typically occur when more than one asset is assigned to an asset grouping level.
Projects and project templates inherit a default asset cost allocation method from the associated project type. You can override the default at the project level. If you use capital events to allocate costs, then you can also override the asset cost allocation method at the event level.
The following table describes the available asset cost allocation methods.
Method
Basis of Cost Allocation
Actual Units
Number of units defined for each asset
Current Cost
Construction-in-process (CIP) cost of each asset
Estimated Cost
Estimated cost of each asset
Standard Unit Cost
Combination of the standard unit cost and the number of units defined for each asset Spread Evenly Equal allocation of cost to each asset
NEW QUESTION # 52
You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contract Line 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).
Then Bill Plan A is allocated against Project X - Task 10, and Bill Plan B is allocated against Project Y - Task 30.
Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario. (Choose two.)
- A. Both the contract lines create only a single invoice because they are using the same contract.
- B. Invoice generation does not depend on bill plan. The invoices are created based on the contract line.
- C. Bill set number drives the grouping of transactions.
- D. Two invoices are created using the same contract.
Answer: C,D
Explanation:
Ref: https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJB/F1087456AN1006D.htm What's a bill set?
Transactions originating from different bill plans with the same bill set number on a contract are included on the same invoice. If a contract has multiple bill plans and each have different values for the bill set, Oracle Fusion Project Billing creates a separate invoice for each bill plan
NEW QUESTION # 53
Which three file-based data imports are available for use in Oracle Project Portfolio Management Cloud?
- A. Project Templates
- B. Capital Rate Schedule
- C. Project Billing Events
- D. Project Budgets
- E. Project Tasks
Answer: C,D,E
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oefpp/toc.htm
NEW QUESTION # 54
Which three are valid password complexity criteria while setting up password policies? (Choose three.)
- A. Very Complex: At least 8 characters, 1 uppercase, 1 number, and 1 special character
- B. Very Complex: At least 8 characters, 1 uppercase, 1 number, and 2 special characters
- C. Complex: At least 8 characters, 1 uppercase, and 1 number
- D. Very Complex: At least 6 characters, 1 uppercase, 1 number, and 1 special character
- E. Simple: At least 8 characters and 1 number
Answer: A,B,C
NEW QUESTION # 55
Which three are project gate statuses? (Choose three.)
- A. Open
- B. In Review
- C. Draft
- D. Approve
- E. Closed
Answer: A,D,E
NEW QUESTION # 56
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. expenditure type
- B. work type
- C. cost type
- D. event type
Answer: B
Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125361.htm#OAPFM1125277 (what's a work type?) In billing, you can use work types to classify work for the following purposes:
To determine the default billable status of expenditure items.
To classify cross-charge amounts into cost and revenue for cross-charge transactions.
Tip: To use work types to determine whether an expenditure item is billable you must set the profile option Work Type Derived for Expenditure Item to Yes.
When you create or import expenditure items, the default work type is inherited from the associated task. Tasks, in turn, inherit work type values from parent tasks and ultimately from the project. Project types determine the default work type value for projects and project templates.
NEW QUESTION # 57
Which three tools are available for accessing REST APIs?
- A. Programming Language
- B. Web Browser
- C. Oracle Transactional Business Intelligence
- D. cURL
Answer: A,B,D
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/18b/fapap/Use_cURL.html REST API = REpresentational State Transfer (REST) Application Programing Interface (API)
NEW QUESTION # 58
Which product offering enables you to collaboratively plan and deliver projects by leveraging intuitive and integrated scheduling tools?
- A. Project Management
- B. Resource Management
- C. Project Control
- D. Project Costing
Answer: A
Explanation:
Project Management is the product offering that enables you to collaboratively plan and deliver projects by leveraging intuitive and integrated scheduling tools. Project Management allows you to create and manage project plans, tasks, deliverables, issues, milestones, gates, etc. using various methods and sources. You can also monitor and control project progress and performance using dashboards and reports. Resource Management is the product offering that enables you to optimize the utilization and allocation of resources for projects and tasks. Resource Management allows you to create and manage resource requests, assignments, pools, calendars, etc. using various criteria and sources. You can also monitor and analyze resource availability and demand using dashboards and reports. Project Control is the product offering that enables you to simplify the planning, budgeting, and forecasting capabilities for projects and tasks. Project Control allows you to create and manage project budgets, forecasts, financial plans, etc. using various methods and sources. You can also monitor and control project costs and variances using dashboards and reports. Project Costing is the product offering that enables you to capture and process project costs from various sources and applications. Project Costing allows you to create and manage project transactions, expenditures, assets, etc. using various rules and options. You can also generate project costing and accounting entries using dashboards and reports. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/overview-project-financial-management.html#OAPFM2356301
NEW QUESTION # 59
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