Oracle Project Management Cloud 2023 Implementation Professional: 1Z0-1057-23 Exam


"Oracle Project Management Cloud 2023 Implementation Professional", also known as 1Z0-1057-23 exam, is a Oracle Certification. With the complete collection of questions and answers, PrepAwayPDF has assembled to take you through 138 Q&As to your 1Z0-1057-23 Exam preparation. In the 1Z0-1057-23 exam resources, you will cover every field and category in Project Financials Management Cloud Certification helping to ready you for your successful Oracle Certification.

  • Exam Code: 1Z0-1057-23
  • Exam Name: Oracle Project Management Cloud 2023 Implementation Professional
  • Total Questions: 138

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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Functional Setup Manager and Implementation10%- Configure and manage implementation projects
- Use Rapid Implementation Workbook
Topic 2: Project Planning, Control and Forecasting15%- Set up project controls and performance tracking
- Define project budgets and forecasts
- Manage project schedules and progress
Topic 3: Project Management Cloud Overview and Common Configuration15%- Set up calendars, periods, rate schedules, transaction sources
- Manage security, roles, duties and user experience
- Describe architecture and components
- Configure enterprise settings, reference data sharing
Topic 4: Project Costing20%- Set up budgetary controls and cost controls
- Integrate with Time and Labor
- Configure cost collection, allocations, burdening
Topic 5: Project Billing and Revenue Management20%- Manage contract billing and revenue accounting
- Set up revenue recognition and invoicing
- Configure cross-charging, transfer pricing
Topic 6: Resource Management10%- Configure enterprise resource setup
- Manage resource allocation and utilization
Topic 7: Program Management and Reporting10%- Set up programs and hierarchies
- Configure project performance reporting and KPIs

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

Question 1

Your company creates a separate project for infrastructure services, so as to track these costs separately and then allocate to various projects that use the services of the infrastructure team. You want to allocate these costs by first attributing a fixed percentage of the source amount to each project and then spread it across tasks based on the actual labor hours charged to each task.
Which allocation basis method would you use to meet this requirement? (Choose the best answer.)

A. prorate
B. target percentage and spread evenly
C. target percentage and prorate
D. spread evenly


Question 2

When setting up capitalization options on a project type, you have decided to enable the Require Complete Asset Definition option. If this option is enabled, the "Transfer Assets to Oracle Fusion Assets" process will place asset lines with complete definition into which queue in Oracle Fusion Assets?

A. Hold
B. Post
C. New
D. Posted


Question 3

Stigma consulting has been hired by a client to implement Project Management Cloud. Which role should they assign to a user for using the rapid implementation feature to set up the Project Financial Management offering by populating and uploading a Microsoft Excel workbook?

A. Project Application Administrator
B. Project Administrator
C. Project Integration Specialist
D. Project Executive


Question 4

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.

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


Question 5

You have four resources in your organization: P, Q, R, and S.
Resource P - Project or resource calendar is active.
Resource Q - Project resource request dates are within the project or resource calendar effective dates.
Resource R - Resource calendar is complex, it does not contain seven days, and it contains more than one pattern and shift.
Resource S - Number of working days within the requested date range is not zero on the project or resource calendar.
Identify the resource for whom Resource Availability Capacity Score will not be calculated. (Choose the best answer.)

A. R
B. P
C. S
D. Q


Solutions:

Question 1
Answer: C
Question 2
Answer: A
Question 3
Answer: C
Question 4
Answer: E
Question 5
Answer: B

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