1z0-1057-22 Dumps Updated Jul 25, 2023 Practice Test and 128 unique questions
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The Oracle 1z0-1057-22, also known as the Oracle Project Management Cloud 2022 Implementation Professional certification exam, is designed for professionals who specialize in project management and want to demonstrate their expertise in implementing Oracle Project Management Cloud solutions. The exam covers a range of topics related to project management, from planning and execution to monitoring and control. Successful candidates will demonstrate a comprehensive understanding of Oracle Project Management Cloud and the ability to implement it effectively in real-world scenarios.
NEW QUESTION # 53
Which five steps are required for the File-Based Data Import Integration option?
- A. Populate the spreadsheet with data and generate a CSV file.
- B. Download an Excel template.
- C. Upload the file to the server.
- D. Run Process to transfer data to interface tables.
- E. Install an Excel add-in.
- F. Import data into various applications.
Answer: A,B,C,D,E
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oefpp/overview.html#External_Data_Integration_Services_for_Oracle_Cloud_Overview
NEW QUESTION # 54
Your customer has a requirement to import and process third-party transactions that are "costed" and "accounted".
Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)
- A. Import Options
- B. Document Entry Options
- C. Document Options
- D. Transaction Source Options
Answer: D
Explanation:
Reference https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJC/F1071488AN1004C.htm
NEW QUESTION # 55
You want to export your project plan to Oracle Project Financial Management Cloud after initial scheduling is complete in Microsoft Projects. Identify three conditions that must be met for exporting milestone tasks. (Choose three.)
- A. lowest-level tasks set up with zero duration
- B. percent work complete values of 0 or 100 percent
- C. lowest-level tasks set up with non-zero duration
- D. only one labor resource assignment with 0 effort
- E. only one labor resource assignment with 100 effort
Answer: A,B,D
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapex/define-project-management-configuration.html#OAPEX1357147 Topic - Microsoft Project Prevalidation: Explained The following table describes Prevalidation rules for tasks and resource assignments.
Level
Rule
Lowest-level tasks
One labor and multiple expense resources are allowed for a lowest-level task. Remove other resources.
Summary tasks
Only one labor resource with zero allocation is allowed for a summary task. Remove all other resources.
Milestone tasks
No subtasks are allowed under milestone tasks. Milestones must be lowest-level tasks.
Milestone tasks
Milestone tasks must have zero duration.
Milestone tasks
Only one labor resource, with zero effort, is allowed for a milestone task. Remove all other resources.
When exporting milestone tasks, ensure that the tasks:
Are lowest-levels task with zero duration, that is, the same start and finish dates.
Have only one labor resource assignment with zero effort.
Have percent work complete values of 0 or 100 percent. Any other values are set to zero before export.
NEW QUESTION # 56
You want to create a few project roles so as to restrict access in the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (Choose two.)
- A. Project Executive - Security based on Project Hierarchy
- B. Project Team Member - Security based on Project Assignment
- C. Project Billing Specialist - Security based on Contract BU
- D. Project Accountant - Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
- E. Project Manager - Security based on Project Assignment
Answer: B,E
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracle-fusion-project-portfolio-management.html#FASER1840867
NEW QUESTION # 57
Which five steps are required for the File-Based Data Import Integration option?
- A. Populate the spreadsheet with data and generate a CSV file.
- B. Download an Excel template.
- C. Upload the file to the server.
- D. Run Process to transfer data to interface tables.
- E. Install an Excel add-in.
- F. Validate the sheet using the Validate option.
- G. Import data into various applications.
Answer: A,B,C,D,E
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oefpp/overview.html#External_Data_Integration_Services_for_Oracle_Cloud_Overview
NEW QUESTION # 58
Your customer accounts revenue based on, product class category. Because all your customer's projects are funded by private and government institutions, they decide to classify all projects based on their funding source to accurately report on revenue in General Ledger. Accordingly, you create a new class category "Funding Source" and assign it to all projects. However, you notice that the accounting is still happening based on product class category. Identify the reason for this problem. (Choose the best answer.)
- A. Funding source class category is not enabled for "available as accounting source".
- B. Funding source class category is assigned to all project types.
- C. Funding source class category is enabled for "available as accounting source".
- D. Product class category is not enabled for "available as accounting source".
Answer: A
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation-configuration-define-types-and-categorizations.html#OAPFM222700 Topic - Manage Project Class Categories Setting Up Class Categories: Points to Consider Available as Accounting Source This option indicates if the class category is available as an accounting source so that Oracle Fusion Subledger Accounting can use the category to create mapping sets, account rules, journal line rules, and description rules.
Only one class category at a time is available as an accounting source in Oracle Fusion Subledger Accounting. To change the class category that Oracle Fusion Subledger Accounting uses, deactivate the old class category and create a new one with a different date range.
NEW QUESTION # 59
You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for a billable expenditure item and active contract, the process completes successfully but without any billing, and does not provide any error logs.
The program's processing summary is as follows:
Billing Event Errors 0
Ineligible Contracts 0
Successfully Billing Events Created 0
Ineligible Contract Lines 0
Billing Transaction Exception Errors 0
Ineligible Bill Plans 0
Billing Transaction Exception Warnings 0
Ineligible Associated Projects 0
Successful Billing Transactions 0
Ineligible Expenditure Items 0
Draft Invoice Exception Errors 0
Ineligible Events 0
Draft Invoice Exception Warnings 0
Successful Draft Invoices 0
What was the invoice method classification set to that caused this behavior? (Choose the best answer.)
- A. As Incurred
- B. Rate Based
- C. Percent Complete
- D. Amount Based
Answer: D
Explanation:
Reference https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJB/F1087458AN139C2.htm Topic - Invoice and Revenue Rates: How They Are Determined Oracle Fusion Project Billing uses bill rates, burdening, and transfer price schedules to derive standard bill rates, multipliers, markups, and bases for calculating potential revenue when the revenue method classification on a revenue plan is as billed, as incurred, or rate based. Similarly, bill rates derive invoice amounts when the invoice method classification on a bill plan is rate based.
NEW QUESTION # 60
Which precedence order is used by the system for labor schedules to distribute payroll cost?
- A. Assignment Element > Element > Assignment
- B. Element > Assignment Element > Assignment
- C. Assignment > Assignment Element > Element
- D. Assignment > Element > Assignment Element
Answer: A
NEW QUESTION # 61
Identify three purposes for which the project resource search index is used. (Choose three.)
- A. Calculate Resources Availability Scores
- B. Display resource details
- C. Calculate Resource Qualification Scores
- D. Filter counts while you search for resources
- E. Provide absence details for resources
Answer: B,C,E
NEW QUESTION # 62
While opening an organization tree on the Manage Organization Trees page, you notice that the hierarchy status is displayed as Inactive. Identify the two reasons for the organization tree to be in Inactive status. (Choose two.)
- A. You used Create Tree Version in the action menu.
- B. You used Create Tree in the action menu.
- C. You selected the Edit icon for opening the hierarchy.
- D. You used View Tree Version in the action menu.
- E. You opened the hierarchy by clicking the name.
Answer: B,C
NEW QUESTION # 63
Which application would you use to map application roles to external roles? (Choose the best answer.)
- A. Oracle Identify Manager
- B. Authorization Policy Manager
- C. BPM Work List
- D. Security Console
Answer: B
Explanation:
Ref: https://docs.oracle.com/cd/E17904_01/doc.1111/e14431/managing.htm#APMAG3333 Fusion Middleware Administrator's Guide for Authorization Policy Manager Managing Security Artifacts This chapter describes the procedures an administrator follows to manage application-specific security artifacts, view the external role hierarchy, manage the application role hierarchy, and manage the many-to-many mapping of application roles to external roles from both the application and the external role point of view.
This chapter is divided into the following sections:
Managing Application Security Artifacts
Viewing the External Role Hierarchy
Managing the Application Role Hierarchy
Mapping Application Roles to an External Role
Mapping External Roles to an Application Role
Role Mapping Policy
A Role Mapping Policy is used to determine what external subjects (users, groups or External Roles) are assigned to the applicable Application Role. The Application Role, when referenced in an Authorization Policy, defines the principals affected by the Authorization Policy. Role Mapping Policies may also include conditions Oracle Identity Manager - Not used for mapping application roles to external roles How do Users Interact with Oracle Identity Manager?
Oracle Identity Manager provides an end-user interface, called the Identity Self Service console, and a system administrator interface, called the Identity System Administration console. Both end-users and system administrators use the web browser to log on to Oracle Identity Manager. Oracle Identity Manager (OIM) OIM provision users, roles, and defines what a user can do in Oracle Cloud Duty Roles are mapped to jobs and assigned access privileges (Data Security)
NEW QUESTION # 64
Which two are the workflows in Project Financial Management? (Choose two.)
- A. Asset Line Generation
- B. Project Status Change
- C. Burden Cost Recalculation
- D. Expenditure Item Adjustment
- E. Capital Interest Calculation
Answer: B,E
NEW QUESTION # 65
What are three configuration items that you need to set up by using the Project Organizations functional area in Project Financial Management configurations? (Choose three.)
- A. Manage Project Unit Organizations
- B. Manage Project Unit Options
- C. Manage Project Organization Classifications
- D. Mange Project Types
- E. Mange Business Unit
Answer: A,B,C
Explanation:
Reference https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project-organizations.html#OAPFM3094543 Topic - Manage Project Unit Organizations
NEW QUESTION # 66
You have been asked to set up one active person, who is not a team member in the project, as a quality manager for each quality task created under projects. However, when you try to assign the quality manager as Task Manager, you cannot find the person's name in the list of values. What is the reason for this problem? (Choose the best answer.)
- A. The "Require Task Managers to be Project Team Members" profile option is set to No.
- B. The "Require Task Managers to be Project Team Members" profile option is set to Yes.
- C. The quality manager belongs to a department that is not associated with the project.
- D. The quality manager is not assigned with a supervisor.
Answer: B
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/introducing-oracle-project-portfolio-management-cloud-services.html#FAPFM428138 Topic - Project Foundation Profile Options Profile Option Name - Task Managers Must Be Project Team Members Description - Specify whether task managers must be project team members.
Values - No (Default) / Yes
Setup Task Name - Require Task Managers to be Project Team Members
NEW QUESTION # 67
Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types. Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)
- A. Create a revenue method classification with a revenue method of Percent Complete.
- B. Create a revenue method with a revenue method classification of Rate Based.
- C. Create a revenue method classification with a revenue method of Percent Spent.
- D. Create a revenue method with a revenue method classification of Amount Based.
Answer: B
NEW QUESTION # 68
Identify two correct role templates available on the Oracle Entitlement Server to generate roles for Project Organization Security. (Choose two.)
- A. Project Creator Template for Project Organization Security
- B. Project Billing Specialist Template for Project Organization Security
- C. Project Manager Template for Project Organization Security
- D. Project Administrator Template for Project Organization Security
- E. Project Accountant Template for Project Organization Security
Answer: A,D
Explanation:
Reference https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracle-fusion-project-portfolio-management.html#FASER1722595 Ref to "Securing Project Financial Management and Grants Management Applications" Table lists predefined enterprise roles and the type of security that grants the role access to data in a work area or dashboard.
Enterprise Role
Work Area or Dashboard
Data Security Based On
Project Accountant
Asset
Project business unit
Project Accountant
Costs
Project expenditure business unit
Project Accountant
Revenue
Contract business unit
Project Administrator
Project Financial Management
Project business unit
Project organization
Project Billing Specialist
Invoices
Contract business unit
Project Creator
Project Financial Management
Project business unit
Project organization
Project Management Duty
Project Management Infolet Dashboard
Project assignment
Project Management Duty
Project Performance Dashboard
Project assignment
Project Manager
Project Management Infolet Dashboard
Project assignment
Project Manager
Project Performance Dashboard
Project assignment
Project Manager
Project Management
Project assignment
Project Manager
Project Manager Dashboard
Project assignment
Project Team Member
Project Financial Management
Project assignment
Grants Accountant
Invoices
Contract business unit
Grants Accountant
Revenue
Contract business unit
Grants Administrator
Awards
Contract business unit
Grants Administrator
Contracts
Contract business unit
Grants Administrator
Project Financial Management
Project business unit
Principal Investigator
Awards
Award assignment
Principal Investigator
Contracts
Award assignment
Principal Investigator
Project Financial Management
Project assignment
NEW QUESTION # 69
Where should you specify the Default Capitalized Interest Rate Schedule?
- A. Manage Capitalized Interest Rates page
- B. Manage Capitalized Interest Rate Schedules page
- C. Manage Project Plan Type page
- D. Manage Expenditure Type page
- E. Manage Project Type page
Answer: B
NEW QUESTION # 70
You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they review the rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month. Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)
- A. Allocate rental costs once each accounting period by using the "spread evenly" allocation method.
- B. Define allocation basis by using Actual Amounts with a project-to-date amount class.
- C. Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task during the previous accounting period.
- D. Define allocation basis by using Actual Amounts with a period-to-date amount class.
- E. Allocate rental costs once each accounting period by using the "full" allocation method.
Answer: C,D,E
NEW QUESTION # 71
Which three features are part of Oracle Fusion Functional Setup Manager?
- A. export and import services for setup data migration between environments
- B. guided task list for end-to-end setup requirements
- C. feature opt-in for a best fit configuration
- D. updating an implementation project task list by changing the opt-in configuration to suit the latest requirements
- E. modifying an existing implementation project task list by selecting more functional areas when needed
Answer: A,B,C
Explanation:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/oafsm/applications-cloud-using-functional-setup-manager.pdf Functional Setup Manager offers the following:
* Standardized application configuration and setup experience
* Feature opt-in for a best fit configuration
* Flexible processes for managing setup:
◦ Setup by functional areas for an adopt-as-you-go approach
◦ Implementation projects to manage setup
◦ Upload file to enter setup data in bulk
* Guided task list for end-to-end setup requirements
* Export and import services for setup data migration between environments
* Comprehensive reporting on setup data
NEW QUESTION # 72
You are implementing Project Portfolio Management for a global professional services organization. In their Consulting Services line of business, it is common to use resources from different business units based on the skills required. Therefore, cross-charge transactions happen between business units within the same legal entity. Transfer price calculations need to be based on raw costs, with no further adjustments to transfer price.
Identify two setups that can drive this borrowed and lent agreement. (Choose two.)
- A. Transfer price basis must be Raw Cost and calculation method must be Basis Only.
- B. Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.
- C. A document entry such as straight time must be enabled for cross-charge transactions.
- D. Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
Answer: A,C
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-billing-configuration-define-transfer-pricing.html#OAPFM3094619
NEW QUESTION # 73
You have defined two expenditure types, but they are not available for selection when you enter an expenditure batch. Identify the reason for this problem. (Choose the best answer.)
- A. The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.
- B. The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.
- C. The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.
- D. The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.
Answer: A
Explanation:
Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf (19A Part # F11256-01) Chapter 3 - Define Project Organizations Topic - Set Assignments and Project Data - How They Work Together (Page 29) Business Unit as Set Determinant Business units enable you to control and report on financial transactions, usually for specific geographical entities within the enterprise. For project management purposes, assign the Project Accounting business function to the business unit.
Business unit is a set determinant for the project-related reference data objects described in the following table.
Ref Data Object
Entities
Project Accounting Definition
Project Types
Project Rates
Project rate schedules
Project Unit as Set Determinant
Use project units to enforce consistent project management practices across your enterprise. Project unit is a set determinant for the reference data objects described in the following table.
Ref Data Object
Entities
Project Definition
Class codes, financial plan types, project plan types and project roles Project Transaction Types Expenditure types and work types You can only select class codes, plan types, roles, expenditure types and work types that are assigned to the same set as the project unit. To enable expenditure types and work types for use on projects owned by a project unit, assign the set associated with the Project Transaction Types reference data object to those entities
NEW QUESTION # 74
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To pass the Oracle 1z0-1057-22 exam, candidates must have a thorough understanding of Oracle Project Management Cloud 2022 modules, including project financial management, resource management, risk management, and project delivery. They must also have experience in implementing Oracle Cloud solutions and be able to configure, deploy, and maintain these solutions. The certification is intended for professionals who want to advance their careers in project management and demonstrate their proficiency in implementing Oracle Cloud solutions. By passing the exam, candidates can validate their knowledge and skills in Oracle Project Management Cloud 2022 and enhance their credibility as project management professionals.
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