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Oracle 1z0-1080-24 Exam Syllabus Topics:

Topic	Details
Topic 1	Configure Intelligent Performance Management: This section of the exam measures the skills of machine learning specialists and focuses on configuring IPM components. It includes setting up machine learning models for predictive analytics within Planning applications.
Topic 2	Report on Planning Data: This section of the exam measures the skills of reporting analysts and covers creating reports on Planning data. It includes reporting on EPM data to provide insights into organizational performance.
Topic 3	Introduction to Strategic Modelling: This section of the exam measures the skills of strategic modelers and covers strategic modeling concepts. It includes setting up models, running simulations, and understanding their impact on decision-making processes.
Topic 4	Introduction to Planning Modules: This section of the exam measures the skills of module planners and introduces Planning modules. It includes integrating modules, leveraging best practices for module planning, and configuring Financials, Workforce, Capital, and Projects.
Topic 5	Manage Forms, Dashboards, and Navigation Flows: This section of the exam measures the skills of dashboard designers and covers designing forms, dashboards, and validation rules. It also includes creating and managing navigation flows to streamline user experience within Planning applications.
Topic 6	Manage Rules: This section of the exam measures the skills of business rule developers and focuses on designing business rules and rulesets. It explains the benefits of Groovy Rules in enhancing performance and flexibility within Planning applications.
Topic 7	Maintain Planning: This section of the exam measures the skills of system administrators and focuses on monitoring maintenance tasks for Planning applications. It includes scheduling jobs, managing EPM Automate for automation tasks, backing up data, migrating metadata, cloning environments, and maintaining system updates.

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Oracle Planning 2024 Implementation Professional Sample Questions (Q48-Q53):

NEW QUESTION # 48
Which two statements are true about approval units?

A. You can set the option in Application Settings to include detailed annotations for approval units.
B. Approval units are combinations of scenario, version, and entity or part of an entity.
C. Approval units can also include secondary dimensions within any entity.
D. You can have up to three scenario/version combinations per approval unit.

Answer: B,C

Explanation:
In Oracle Planning 2024, approval units manage the review process. The two true statements are:
* A. You can have up to three scenario/version combinations per approval unit: Incorrect. There's no strict limit of three scenario/version combinations per approval unit; multiple combinations are possible based on hierarchy design.
* B. Approval units are combinations of scenario, version, and entity or part of an entity: Correct.
Approval units are defined by Scenario (e.g., Budget), Version (e.g., Working), and Entity (e.g., Department) or entity hierarchies, forming the basis of the approval process.
* C. Approval units can also include secondary dimensions within any entity: Correct. Secondary dimensions (e.g., Product, Project) can be added to approval units within an entity to refine the scope of approval.
* D. You can set the option in Application Settings to include detailed annotations for approval units:
Incorrect. Annotations are cell-level notes, not an Application Settings option tied to approval units; they're managed separately.
The Oracle documentation confirms B and C as accurate descriptions of approval units, making them the correct answers.
References:
* Oracle Planning 2024 Implementation Study Guide: "Approval Units Overview" (docs.oracle.com, Published 2024-09-15).
* Oracle EPM Cloud Documentation: "Configuring Approval Units" (docs.oracle.com, Published 2023-
12-10, updated for 2024).

NEW QUESTION # 49
Which statement describes Strategic Modeling?

A. It is used to model the flow of data by defining strategic rules for sharing data between modules.
B. It is used to quickly model and evaluate financial scenarios, and offers out-of-the-box treasury capabilities.
C. It is used to strategically manage and analyze finances at any business level with built-in dashboards.
D. It is used to develop driver-based strategic plans and generate core financial statements.

Answer: B

Explanation:
Strategic Modeling in Oracle Planning 2024 is a module designed to enable rapid modeling and evaluation of financial scenarios, such as mergers, acquisitions, or long-term strategic plans. It provides a flexible framework for simulating "what-if" scenarios and includes out-of-the-box treasury capabilities,such as cash flow forecasting, debt scheduling, and interest rate calculations, which are critical for strategic financial planning.
* A. It is used to model the flow of data by defining strategic rules for sharing data between modules:
Incorrect. This describes data integration (e.g., via data maps), not Strategic Modeling, which focuses on scenario analysis.
* B. It is used to develop driver-based strategic plans and generate core financial statements: Incorrect.
While it supports driver-based planning, generating core financial statements is more aligned with the Financials module, not Strategic Modeling's primary focus.
* C. It is used to strategically manage and analyze finances at any business level with built-in dashboards:
Incorrect. This is too broad and aligns more with the overall Planning application, not specifically Strategic Modeling.
* D. It is used to quickly model and evaluate financial scenarios, and offers out-of-the-box treasury capabilities: Correct. This matches the module's purpose of rapid scenario modeling and its treasury- related features.
The Oracle documentation highlights Strategic Modeling's role in scenario analysis and its treasury tools, making D the accurate description.
References:
* Oracle Planning 2024 Implementation Study Guide: "Overview of Strategic Modeling" (docs.oracle.
com, Published 2024-09-25).
* Oracle EPM Cloud Documentation: "Strategic Modeling Features" (docs.oracle.com, Published 2023-
10-25, updated for 2024).

NEW QUESTION # 50
Which three are Navigation Flow customization categories?

A. Role
B. User
C. Group
D. Artifact
E. Global

Answer: A,C,E

Explanation:
In Oracle Planning 2024, Navigation Flows can be customized to tailor the user interface and experience based on specific categories. The three customization categories supported are Role, Group, and Global:
* A. Role: Navigation Flows can be customized for specific user roles (e.g., Planner, Administrator), allowing different layouts or access to cards based on job functions.
* C. Group: Customization can be applied to user groups, enabling administrators to assign tailored navigation flows to predefined sets of users based on their team or department.
* E. Global: Global customization applies to all users across the application, serving as the default navigation flow unless overridden by Role or Group settings.
* B. User: This is incorrect because Oracle Planning does not support navigation flow customization at the individual user level-customizations are broader, targeting roles or groups.
* D. Artifact: This is incorrect because "Artifact" refers to application components (e.g., forms, rules) managed in migration, not a category for navigation flow customization.
The Oracle documentation confirms that Role, Group, and Global are the three levels at which navigation flows can be customized, providing flexibility in how users interact with the Planning application.
References:
* Oracle Planning 2024 Implementation Study Guide: "Customizing Navigation Flows" (docs.oracle.
com, Published 2024-08-30).
* Oracle EPM Cloud Documentation: "Navigation Flow Administration" (docs.oracle.com, Published
2023-12-05, updated for 2024).

NEW QUESTION # 51
You want to set up weekly planning for 18 continuous months.
Which three options need to be selected when initially enabling features in Financials?

A. Custom Periods
B. Time Frame Granularity
C. Weekly Planning
D. Rolling Forecast
E. Weeks to Months Mapping

Answer: C,D,E

Explanation:
To set up weekly planning for 18 continuous months in Oracle Planning 2024's Financials module, specific options must be selected when initially enabling features via the Configure card. The three required options are:
* A. Time Frame Granularity: Incorrect. This is not a specific option in the Enable Features page; granularity (e.g., weeks) is controlled by Weekly Planning, not a separate setting.
* B. Rolling Forecast: Correct. Enabling Rolling Forecast allows planning over a continuous 18-month horizon, dynamically updating as time progresses, which aligns with the requirement for ongoing weekly planning.
* C. Weeks to Months Mapping: Correct. This option defines how weekly data rolls up into monthly totals, essential for reporting and analysis over the 18-month period in a weekly planning setup.
* D. Weekly Planning: Correct. Enabling Weekly Planning sets the periodicity to weeks instead of months, allowing budgeting and forecasting at a weekly level for the 18 months.
* E. Custom Periods: Incorrect. Custom Periods allow defining non-standard time periods, but they are not required for weekly planning over 18 months-Weekly Planning and standard calendar setups suffice.
The Oracle documentation confirms that Rolling Forecast, Weeks to Months Mapping, and Weekly Planning are the key features to enable for weekly planning over an extended horizon like 18 months, making B, C, and D the correct answers.
References:
* Oracle Planning 2024 Implementation Study Guide: "Enabling Weekly Planning in Financials" (docs.
oracle.com, Published 2024-09-10).
* Oracle EPM Cloud Documentation: "Configuring Rolling Forecasts and Weekly Planning" (docs.oracle.
com, Published 2023-11-20, updated for 2024).

NEW QUESTION # 52
You want to select a probability distribution for your Strategic Modeling simulation. The minimum and maximum are fixed, and you know the most likely values.
Which probability distribution is useful with limited data in situations such as sales estimates, inventory numbers, and marketing costs in Strategic Modeling simulations?

A. Triangular
B. Beta PERT
C. Normal
D. Uniform
E. Lognormal

Answer: A

Explanation:
In Oracle Planning 2024's Strategic Modeling simulations, selecting a probability distribution for scenarios with fixed minimum and maximum values and a known most likely value (e.g., sales estimates, inventory, marketing costs) points to:
A: Beta PERT: Incorrect. Beta PERT uses min, max, and most likely values but requires more data to shape the curve accurately, making it less ideal with limited data.
B: Uniform: Incorrect. Uniform assumes equal probability between min and max, ignoring the most likely value, which doesn't fit this scenario.
C: Triangular: Correct. The Triangular distribution uses minimum, maximum, and most likely values, making it simple and effective for limited data situations like sales or costs.
D: Normal: Incorrect. Normal requires mean and standard deviation, not just min, max, and most likely, and assumes more data availability.
E: Lognormal: Incorrect. Lognormal is skewed and suited for data with a positive range, requiring more statistical input than provided here.
C: The Oracle documentation recommends the Triangular distribution for its simplicity and suitability with limited data, making C the correct answer.
References:
Oracle Planning 2024 Implementation Study Guide: "Probability Distributions in Strategic Modeling" (docs.oracle.com, Published 2024-10-25).
Oracle EPM Cloud Documentation: "Simulation Distributions" (docs.oracle.com, Published 2023-11-
30, updated for 2024).

NEW QUESTION # 53
......

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