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Oracle 1Z0-1057-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Functional Setup Manager and Implementation | 10% | - Configure and manage implementation projects - Use Rapid Implementation Workbook |
| Topic 2: Project Management Cloud Overview and Common Configuration | 15% | - Manage security, roles, duties and user experience - Set up calendars, periods, rate schedules, transaction sources - Configure enterprise settings, reference data sharing - Describe architecture and components |
| Topic 3: Program Management and Reporting | 10% | - Configure project performance reporting and KPIs - Set up programs and hierarchies |
| Topic 4: Project Costing | 20% | - Set up budgetary controls and cost controls - Configure cost collection, allocations, burdening - Integrate with Time and Labor |
| Topic 5: Resource Management | 10% | - Configure enterprise resource setup - Manage resource allocation and utilization |
| Topic 6: Project Planning, Control and Forecasting | 15% | - Define project budgets and forecasts - Set up project controls and performance tracking - Manage project schedules and progress |
| Topic 7: Project Billing and Revenue Management | 20% | - Set up revenue recognition and invoicing - Manage contract billing and revenue accounting - Configure cross-charging, transfer pricing |
Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:
1. 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 not enabled for "available as accounting source".
B) Funding source class category is assigned to all project types.
C) Funding source class category is enabled for "available as accounting source".
D) Product class category is not enabled for "available as accounting source".
2. You have been asked to set up one active person, who is not a team member in the project, as a quality manager for each quality task created under projects. However, when you try to assign the quality manager as Task Manager, you cannot find the person''s name in the list of values. What is the reason for this problem? (Choose the best answer.)
A) The quality manager is not assigned with a supervisor.
B) The "Require Task Managers to be Project Team Members" profile option is set to Yes.
C) The "Require Task Managers to be Project Team Members" profile option is set to No.
D) The quality manager belongs to a department that is not associated with the project.
3. 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) Summary
C) Incremental
D) Detail
4. 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 Billing Specialist - Security based on Contract BU
B) Project Executive - Security based on Project Hierarchy
C) Project Manager - Security based on Project Assignment
D) Project Team Member - Security based on Project Assignment
E) Project Accountant - Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
5. You have defined two expenditure types but they are not available for selection when you enter an expenditure batch.
What is the reason for this problem?
A) The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.
B) The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.
C) The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.
D) The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: A |





