Exam Oracle 1z0-1057-24 Duration | Practice 1z0-1057-24 Questions

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Oracle 1z0-1057-24 Exam Syllabus Topics:

Topic	Details
Topic 1	Using Functional Setup Manager: This section measures the skills of functional setup managers and focuses on understanding the Functional Setup Manager and the Rapid Implementation Workbook, which are essential for configuring and deploying Oracle Project Management Cloud applications.
Topic 2	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 3	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.
Topic 4	Project Management Overview: This section assesses the skills of project management consultants and focuses on understanding the components of Oracle Project Management Cloud, including its integration capabilities.
Topic 5	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 6	Describing Applications Security: Aimed at security administrators, this section covers the Applications Security Console, identification of roles in a seeded security implementation, and management of roles and duties to ensure secure access and operations.
Topic 7	Setting up Common Project Configuration: Targeting project configuration specialists, this section involves managing Subledger Accounting, setting up Project Financial Management Organizations, and managing Reference Data Sharing to ensure consistent and accurate financial reporting.
Topic 8	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 9	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 10	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.

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Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q15-Q20):

NEW QUESTION # 15
Your customer wants to see how quantity, cost, and revenue amounts are automatically distributed by using Spread Curve. Identify two period options that are available for this purpose. (Choose two.)

A. Calendar Types
B. PA-GL Periods
C. Accounting Periods
D. PA Calendar
E. Project Accounting Periods

Answer: C,E

Explanation:
Reference: https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_87F467307D50416BE040D30A68816855 Spread curves let you distribute quantity, cost, and revenue amounts automaticallyacross accounting or project accounting periods. You assign a spread curve to each resource class. Planning resources (in the planning resource breakdown structure) inherit the spread curve setting from the associated resource class.
You can change the spread curve for the planning resource and for any corresponding task assignments, or budget or forecast lines.

NEW QUESTION # 16
Your organization has a requirement to retrieve the value of the cost center segment based on the department.
Which source can you use while defining the account rule to achieve this requirement?

A. Expenditure Business Unit Cost Center Segment
B. Expenditure Organization Cost Center Segment
C. Event Organization Cost Center Segment
D. Project Organization Cost Center Segment

Answer: B

Explanation:
The source that can be used while defining the account rule to achieve this requirement is Expenditure Organization Cost Center Segment. This source allows you to retrieve the value of the cost center segment based on the expenditure organization of the transaction. The expenditure organization is an attribute of a transaction that represents the organization that incurs or owns the cost of the transaction.

NEW QUESTION # 17
Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)

A. Project Contract-based costing
B. Project Contract-based billing
C. Contract Team Connect
D. Project Contract Collection Center

Answer: B

Explanation:
Reference: http://www.oracle.com/us/products/applications/fusion/fusion-proj-port-mang-solut-brief-173079.
pdf
(Page 2)Flexible Contract-Based Billing
Traditional contract and billing systems enforce a rigid relationship between a project and a funding agreement, which can constrain project setup and execution.Oracle Fusion Project Portfolio Management provides a highly flexible approachto project contract-based billing via a non-exclusive relationship between multiple projects and tasks with contracts and contract lines.This means that you will have full control over defining contracts, rates and limits, and when and how to recognize revenue and generate invoices while segregating the planning and execution of your projects.

NEW QUESTION # 18
As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do not seem to be right. Based on the calculations, you notice that the amounts calculated are not considering the burden schedule override at a task level, which was done during the second month of the quarter.
What is the reason for this problem?

A. All expenditure items charged to the task use the new burden schedule.
B. You can enable automatic reprocessing of expenditure items processed before the burden schedule change.
C. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier cannot be reprocessed.
D. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.

Answer: D

Explanation:
Reference: https://docs.oracle.com/cloud/r13_update17b/projectcs_gs/OAPJC/OAPJC1071490.
htm#OAPJC1071482

NEW QUESTION # 19
Which component of performance measures allows you to select the method that is used to measure accounts such as budget, forecast, and actual?

A. Scenario Member
B. Time Member
C. Accounts Member
D. Category Member

Answer: C

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 # 20
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EXAM ORACLE 1Z0-1057-24 DURATION | PRACTICE 1Z0-1057-24 QUESTIONS

Exam Oracle 1z0-1057-24 Duration | Practice 1z0-1057-24 Questions