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Oracle 1z0-1057-22 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Describe the Rapid Implementation Workbook
  • Describe the business processes that are supported by approvals and workflows
Topic 2
  • Configure Project Resource Management
  • Configure Project Performance Reporting
Topic 3
  • Use Application Composer for Project Execution Management
  • Describe Navigation, User Experience and Personalization Concepts
Topic 4
  • Navigation, User, Personalization and Approvals
  • Describe the Applications Security Console
Topic 5
  • Describe the components of Oracle Project Management Cloud
  • Set up Project Financial Management Organizations
Topic 6
  • Configure and Manage Key Performance Indicators for Project Performance Reporting
  • Identify the roles delivered in a seeded security implementation
Topic 7
  • Configure Social Network for Project Execution
  • Describe Functional Setup Manager
Topic 8
  • Configure and Manage Project Invoicing and Revenue
  • Describe common project execution components
Topic 9
  • Configure Project Cross Charging and Transfer Pricing
  • Explain the components available for integration

Oracle Project Management Cloud 2022 Implementation Professional Sample Questions (Q45-Q50):

NEW QUESTION # 45
Green House Corporation has decided to enable the budgetary control feature for their projects. At which two levels will they be able to enter the amounts in the budget versions for these projects?
(Choose two.)

  • A. Task
  • B. Top resource
  • C. Project
  • D. Expenditure Type
  • E. Expenditure Category

Answer: A,E


NEW QUESTION # 46
Where should you specify the Default Capitalized Interest Rate Schedule?

  • A. Manage Project Plan Type page
  • B. Manage Capitalized Interest Rate Schedules page
  • C. Manage Project Type page
  • D. Manage Capitalized Interest Rates page
  • E. Manage Expenditure Type page

Answer: B


NEW QUESTION # 47
While creating a new project template, you notice that a default Asset Cost Allocation method is being automatically associated. Identify the source setup from which the default value is being inherited. (Choose the best answer.)

  • A. project organization
  • B. project unit
  • C. project classification
  • D. project type

Answer: D

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/define-project.html#OAPJF220111 Asset Cost Allocation Methods 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 Asset Cost Allocation Methods 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 # 48
Your organization has created an Enterprise Project Structure (EPS) and your executives review the overall project labor demand by using the EPS. Identify two correct statements about the periodic project labor demand. (Choose two.)

  • A. Labor Demand FTE is calculated as Quarterly Allocation hours divided by Quarterly FTE hours, if a quarter is used as the basis for viewing labor demand.
  • B. Labor Demand FTE is calculated as Yearly Allocation hours divided by Yearly FTE hours, if a year is used as the basis for viewing labor demand.
  • C. Labor Demand FTE is calculated as Project Allocation hours divided by Project FTE hours, if project duration is used as the basis for viewing labor demand.
  • D. Labor Demand FTE is calculated as Monthly Allocation hours divided by Monthly FTE hours, if a period is used as the basis for viewing labor demand.

Answer: A,B

Explanation:
Reference https://docs.oracle.com/cloud/farel10/projectcs_gs/OAPEM/OAPEM1461017.htm#OAPEM1313472 Project Labor Demand: How It's Calculated Project executives want to track the labor demand in projects in their organization. The Project Hierarchy Viewer provides project executives a hierarchical view of the enterprise project structure (EPS) along with the labor demand in terms of full-time equivalent (FTE).
Settings That Affect Project Labor Demand
Project application administrators must do the following to set up how project labor demand is calculated:
Organize projects into hierarchical groups on the Manage Enterprise Project Structure page.
Change the quarterly FTE hours for the organization on the Define Project Management Implementation Options page, if different from 520 hours.
Note: You can choose to view labor demand annually instead of quarterly. The Project Hierarchy Viewer uses the current date to determine which year or quarter to display.
How Project Labor Demand Is Calculated
The Project Hierarchy Viewer calculates project labor demand in the following manner:
Spreads the allocation hours from the Manage Project Resources page evenly over the days that the resources are allocated to the project.
Divides the quarterly project allocation hours by the quarterly FTE hours to get the labor demand.
Rolls up the quarterly and annual labor demand up the hierarchy.


NEW QUESTION # 49
Which two statements are true about a project in "Draft" status? (Choose two.)

  • A. Team members can see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
  • B. Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
  • C. Project managers can view draft projects on the Project Manager Dashboard and use the projects for requirements planning.
  • D. Project managers can neither view draft projects on the Project Manager Dashboard nor use the projects for requirements planning.

Answer: B,C

Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPEM/OAPEM1122096.htm The following table lists the project statuses and what you can do with projects in that status.
Project Status
What you can do?
Draft
Project managers can view draft projects in the Project Manager Dashboard and use the projects for requirements planning.
Team members can't see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
Active
Project managers can view active projects in the Project Manager Dashboard and use the projects for requirements planning, project execution, and reporting.
Team members can view task assignments on active projects on the Team Member Dashboard and My Work area.
Pending Close
Project managers can view pending projects in the Project Manager Dashboard and use the projects for project tracking, and reporting.
Team members can view task assignments on pending projects on the Team Member Dashboard and My Work area.
Submitted
Project managers can view submitted projects in the Project Manager Dashboard and use the projects for project tracking, and reporting.
Team members can view task assignments on submitted projects on the Team Member Dashboard and My Work area Closed Project managers can't view closed projects in the Project Manager Dashboard or use the projects for requirements planning, project execution, and reporting.
Team members can't view tasks of closed projects on the Team Member Dashboard or in the My Work area.


NEW QUESTION # 50
......

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