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Oracle 1z0-1057-24 Exam Syllabus Topics:

Topic	Details
Topic 1	Configure Project Foundation: This section assesses the skills of project foundation specialists and includes setting up project calendars and periods, defining types and categorizations, managing project resources, describing rate schedules, project types, setting up transaction sources, and managing labor schedules to establish a solid foundation for project management.
Topic 2	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 3	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 4	Using Program Management: Targeting program managers, this section involves using program management and reporting tools to oversee multiple projects and ensure alignment with organizational objectives.
Topic 5	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 6	Describing Navigation, User Experience, Personalization, and Approvals: Targeting user experience designers, this section evaluates knowledge of business processes supported by approvals and workflows, setting up approval and notification tasks, and concepts related to navigation, user experience, and personalization within the application.
Topic 7	Configure Project Costing: Aimed at cost management analysts, this section covers configuring the Project Cost Collection Center, managing burdening and allocations, explaining capitalized interest calculations, describing budgetary controls, configuring Time & Labor for projects, and managing integrations to ensure accurate project costing.
Topic 8	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.

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Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q86-Q91):

NEW QUESTION # 86
Whichthreesetups can be configured by using Rapid Implementation for Project Financial Management Applications?

A. Project Templates
B. Project Class Categories
C. Expenditure Types
D. Work Type
E. Project Types

Answer: A,C,E

Explanation:
Rapid Implementation for Project Financial Management Applications allows you to configure some common setups for project costing and billing using predefined templates and spreadsheets. Some of the setups that can be configured using Rapid Implementation are expenditure types, project templates, and project types. Work types and project class categories are not part of Rapid Implementation.Reference:https://docs.oracle.com/en
/cloud/saas/project-portfolio-management/20c/oapfm/implement-project-financial-management-applications.
html#OAPFM2355871

NEW QUESTION # 87
Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs for rate-based planning resources. (Choose the best answer.)

A. Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule
B. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule
C. Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule
D. Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule
E. Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate

Answer: B

Explanation:
Reference: https://fusionhelp.oracle.com/helpPortal/topic
/TopicId_P_8718794B26A7BB93E040D30A688149A3

NEW QUESTION # 88
Identify theattribute of a project typethatdetermines if expenditure items are billable, and theamount type to be used as the basisfor transfer pricing. (Choose the best answer.)

A. event type
B. work type
C. cost type
D. expenditure 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 toYes.
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 # 89
Which step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment?

A. Maintaining
B. Planning
C. Opting In
D. Deploying
E. Setting Up

Answer: D

Explanation:
The Deploying step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment. This step allows you to export and import setup data across instances using spreadsheets or configuration packages. You can also compare and validate setup data across instances using reports and dashboards. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio- management/20c/oapfm/implement-project-financial-management-applications.html#OAPFM2356111

NEW QUESTION # 90
Which three Cost Collection Flexfield core attributes can be derived during import if not explicitly entered in a transaction document? (Choose three.)

A. Billable Flag
B. Expenditure Type
C. Funding Source
D. Work Type
E. Capitalizable Flag

Answer: A,B,E

Explanation:
The Cost Collection Flexfield is a descriptive flexfield that captures additional information about project costs. It has three core attributes that are required for every cost transaction:Billable Flag, Expenditure Type, and Capitalizable Flag. These attributes can be derived during import if not explicitly entered in a transaction document, based on various rules and sources such as expenditure type defaults, project type defaults, transaction source defaults, etc. Funding Source and Work Type are not core attributes of the Cost Collection Flexfield, but context-sensitive segments that can be optionally enabled for certain transaction sources or business units. These segments capture additional information about how the costs are funded or what type of work is performed. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm
/manage-project-costs.html#OAPFM2356141

NEW QUESTION # 91
......

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