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Updated 1z0-1057-22 Dumps Questions For Oracle Exam
To prepare for the Oracle 1z0-1057-22 certification exam, candidates should have experience with project management methodologies and tools, as well as a thorough understanding of Oracle Project Management Cloud. They should also be familiar with the various features and functionalities of the platform, including project planning, resource management, risk management, and reporting. Candidates can use a variety of study materials to prepare for the exam, including Oracle University training courses, practice exams, and study guides. Upon passing the exam, candidates will receive the Oracle Project Management Cloud 2022 Implementation Professional certification, which demonstrates their expertise in this area and can help them advance their careers in project management.
Oracle 1z0-1057-22 exam covers topics such as project management, project planning, risk management, project team management, and project budgeting. Candidates must demonstrate their proficiency in these areas to pass the exam. Oracle Project Management Cloud 2022 Implementation Professional certification provides a comprehensive understanding of the Oracle Project Management Cloud 2022 solution, enabling professionals to plan, manage, and execute successful projects.
Taking the Oracle 1z0-1057-22 exam requires significant preparation and studying. Fortunately, there are many resources available for individuals to prepare for the exam, such as official Oracle training courses, practice exams, and study guides. With adequate preparation and effort, individuals can ace the exam and become a certified Oracle PMC 2022 Implementation Professional, taking their career to the next level.
NEW QUESTION # 65
Which step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment?
- A. Planning
- B. Maintaining
- C. Setting Up
- D. Opting In
- E. Deploying
Answer: E
Explanation:
The Deploying step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment. This step allows you to export and import setup data across instances using spreadsheets or configuration packages. You can also compare and validate setup data across instances using reports and dashboards. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/implement-project-financial-management-applications.html#OAPFM2356111
NEW QUESTION # 66
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 Project Allocation hours divided by Project FTE hours, if project duration is used as the basis for viewing labor demand.
- B. 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.
- C. 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.
- D. 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.
Answer: C,D
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 # 67
Your organization has been using project class categories and codes for reporting purposes and is set up at the project level. You recently defined a new project type, Capital-Contract, and created new class categories named Build, Operate, and Transfer (BOT) and Build, Transfer, and Maintain (BTM), with class codes of Yes/No. But on creation of a project, you are unable to associate these class categories and codes.
Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)
- A. Class codes should be assigned to project unit.
- B. Class codes should be associated with a related set code.
- C. Class categories should be assigned to business unit.
- D. Class categories should be assigned to project type.
Answer: B,D
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundation-configuration-manage-project-types.html#OAPFM360164 Topic - Associating Project Types and Class Categories: Examples Project classifications group your projects according to categories and codes that you define. When you associate project classifications with project types, the classification is available for selection on projects with that project type.
Use any of the following methods to associate class categories with project types:
Add a classification to the project type definition
For each classification that you associate with the project type, you can enable the Assign to All Projects option to automatically add the classification to the project definition for all new projects with the project type. When this option is enabled, all projects with this project type must be assigned a class code for the class category.
Add a project type to the class category definition
Enable the Assign to all Project Types option on the class category definition
NEW QUESTION # 68
Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs for rate-based planning resources. (Choose the best answer.)
- A. Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate
- B. Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule
- C. Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule
- D. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule
- E. Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule
Answer: D
Explanation:
Reference https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_8718794B26A7BB93E040D30A688149A3
NEW QUESTION # 69
Your customer has the following setups on the project plan type that they are using for their projects:
Use Task Planned Dates as Task Assignment Dates = Yes
Automatically Roll Up Task Planned Dates = Yes
Synchronize Task Transaction Dates with Planned Dates = No
With these setups in place, you perform the following actions:
1. Create a new subtask (Sub Task 1) with a start date of 15-Jun-2016 on the project that has as start date of 01-Jul-2016.
2. Create another new subtask (Sub Task 2) after the previous action is saved.
What would the correct behavior of the application be after these actions? (Choose the best answer.)
- A. After the creation of Sub Task 1, Project Start Date would remain unchanged as 01-Jul-2016 and Sub Task 2 would be created with 15-Jun-2016.
- B. After the creation and saving of Sub Task 1, Task Start Date would be changed to 01-Jul-2016 and Sub Task 2 would be created with 01-Jul-2016.
- C. After the creation of Sub Task 1, Project Start Date would be changed to 15-Jun-2016 and Sub Task 2 would be created with 15-Jun-2016.
- D. Project Start Date would remain unchanged as 01-Jul-2016 for both actions but the start dates on both subtasks would remain 15-Jun-2016.
Answer: C
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/manage-project-plan-tasks-and-task-assignments.html#OAPJF75076
NEW QUESTION # 70
A consulting services company is currently working on a business transformation project for your client that spans over 10 months. The total contract amount is 250000 USD. They have generated a revenue of 25000 USD and an Invoice of 10000 USD at the end of the first period.
The accounting entry for revenue is:
and accounting entry for invoice is:
What will be the accounting entry when you reclassify the billing offset balances in the first period?
- A. Dr Accounts Receivables 10000 -
Cr Unbilled Receivables 10000 - B. Dr Deferred Revenue 10000 -
Cr Unbilled Receivables 10000 - C. Dr Unbilled Receivables 10000 -
Cr Accounts Receivables 10000 - D. Dr Accounts Receivables 10000 -
Cr Revenue 10000
Answer: C
NEW QUESTION # 71
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 opened the hierarchy by clicking the name.
- B. You used Create Tree in the action menu.
- C. You used View Tree Version in the action menu.
- D. You selected the Edit icon for opening the hierarchy.
- E. You used Create Tree Version in the action menu.
Answer: B,E
Explanation:
When you use Create Tree or Create Tree Version in the action menu, you create a new organization tree or a new version of an existing tree, respectively. These actions result in an Inactive status for the organization tree, until you activate it. When you use View Tree Version or select the Edit icon or click the name of the tree, you open an existing organization tree that has an Active status. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-organizations.html#OAPFM2355921
NEW QUESTION # 72
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 expenditure organization 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-owning 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 unit 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: C
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 # 73
Which precedence order is used by the system for labor schedules to distribute payroll cost?
- A. Assignment > Element > Assignment Element
- B. Assignment > Assignment Element > Element
- C. Assignment Element > Element > Assignment
- D. Element > Assignment Element > Assignment
Answer: B
Explanation:
The precedence order that is used by the system for labor schedules to distribute payroll cost is Assignment > Assignment Element > Element. This means that the system first looks for a labor schedule that is assigned to the employee assignment, then for a labor schedule that is assigned to the payroll element of the employee assignment, and finally for a labor schedule that is assigned to the payroll element itself. The system uses the first labor schedule that it finds in this order to distribute the payroll cost to projects and tasks based on the hours and rates defined in the schedule. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2356121
NEW QUESTION # 74
You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contract Line 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).
Then Bill Plan A is allocated against Project X - Task 10, and Bill Plan B is allocated against Project Y - Task 30.
Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario. (Choose two.)
- A. Two invoices are created using the same contract.
- B. Bill set number drives the grouping of transactions.
- C. Both the contract lines create only a single invoice because they are using the same contract.
- D. Invoice generation does not depend on bill plan. The invoices are created based on the contract line.
Answer: A,B
Explanation:
Ref: https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJB/F1087456AN1006D.htm What's a bill set?
Transactions originating from different bill plans with the same bill set number on a contract are included on the same invoice. If a contract has multiple bill plans and each have different values for the bill set, Oracle Fusion Project Billing creates a separate invoice for each bill plan
NEW QUESTION # 75
You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? (Choose two.)
- A. Enter progress for tasks.
- B. Receive email notifications about changes that team members make to a task.
- C. Edit task details.
- D. View task details and the task activity stream.
Answer: B,D
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/execute-project-tasks-and-deliverables.html#OAPEM1122082 Followers are persons who aren't working on the task but have an interest in reviewing the task progress. Only the resources and other followers can add followers to a task. If a resource assigns the task to another team member, the application automatically changes the original resource to a follower.
What's the difference between my tasks and tasks that I follow?
You can edit task details and enter progress for your tasks on the Manage Tasks page. If a task has multiple resources, only the primary resource can edit the task.
When you follow a task, you can view the task details and see the task activity stream. You receive e-mail notifications of changes that team members make to the task.
If a resource reassigns the task to another team member, then the previous resource automatically becomes a follower.
NEW QUESTION # 76
In a Project Draft Invoice preview, quantity (hours) and unit price (bill rate) are shown as fields on the invoice. Quantity and unit price are then used to calculate the line total, then the total price of the invoice. After the invoice is transferred or created in Receivables, the invoice detail has a quantity of 1, and a unit price equal to the line total. The detailed Unit Price/Quantity does not come through on the Receivables invoice.
Identify the correct statement about details in the receivables invoice. (Choose the best answer.)
- A. The project sends the invoice line description and the invoice distributions to Receivables, but not the invoice header.
- B. The project sends only the invoice header to Receivables, not the invoice line description and distributions.
- C. The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.
- D. The project sends only the invoice header and invoice line description to Receivables, not the invoice distributions.
Answer: D
Explanation:
When a project invoice is transferred or created in Receivables, the project sends only the invoice header and invoice line description to Receivables, not the invoice distributions. The invoice distributions contain the detailed information such as quantity, unit price, and line total. Therefore, the Receivables invoice does not show these details, but only shows a quantity of 1 and a unit price equal to the line total. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-invoices.html#OAPFM2355931
NEW QUESTION # 77
Your customer wants a team member who is assigned to a project to be able to create and submit a forecast, but not to be able to approve the forecast. What is the default project role that you should assign to the person in the project to meet this requirement? (Choose the best answer.)
- A. Project Manager
- B. Project Application Administrator
- C. Project Accountant
- D. Project Administrator
Answer: D
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjm/project-administrator-job-role.html#Project_Administrator_privileges Project Manager has duty role 'Project Forecast Approval Duty' assigned but Project Administrator has duty role 'Project Forecast Inquiry Duty' - no approval authority Both roles have duty role 'Project Forecast Management Duty' which enables them to Allow creation, submission, update, and deletion of working versions of project forecasts. (Cloud _Roles_Duties.xlsx)
NEW QUESTION # 78
Which four standard objects can you configure to include business specific attributes by using Application Composer for Project Execution Management? (Choose four.)
- A. Project Issues
- B. Project Resource Assignment
- C. Project Resource Request
- D. Project Gates
- E. Project Milestones
- F. Project Deliverables
Answer: B,D,E,F
NEW QUESTION # 79
Which two statements are true about the borrowed and lent cross charge method? (Choose two.)
- A. This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations
- B. You must set up a contract business unit to use this method.
- C. This method allows you to process cross charge transactions across legal entities.
- D. Internal Invoice is not generated with this method.
Answer: B,D
NEW QUESTION # 80
Which three are valid password complexity criteria while setting up password policies? (Choose three.)
- A. Very Complex: At least 8 characters, 1 uppercase, 1 number, and 2 special characters
- B. Complex: At least 8 characters, 1 uppercase, and 1 number
- C. Simple: At least 8 characters and 1 number
- D. Very Complex: At least 6 characters, 1 uppercase, 1 number, and 1 special character
- E. Very Complex: At least 8 characters, 1 uppercase, 1 number, and 1 special character
Answer: A,B,E
Explanation:
Password complexity criteria are criteria that determine how strong or secure a password must be for a user account. Password complexity criteria can include requirements such as minimum length, uppercase letters, lowercase letters, numbers, special characters, etc. Three of the valid password complexity criteria while setting up password policies are:
Complex: At least 8 characters, 1 uppercase, and 1 number
Very Complex: At least 8 characters, 1 uppercase, 1 number, and 2 special characters Very Complex: At least 8 characters, 1 uppercase, 1 number, and 1 special character Simple: At least 8 characters and 1 number is not a valid password complexity criterion while setting up password policies, as this criterion does not meet the minimum security standards for Oracle Cloud applications. Very Complex: At least 6 characters, 1 uppercase, 1 number, and 1 special character is also not a valid password complexity criterion while setting up password policies, as this criterion does not meet the minimum length requirement of 8 characters for Oracle Cloud applications. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financial-management.html#OAPFM2356271
NEW QUESTION # 81
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 Billing Specialist - Security based on Contract BU
- B. Project Manager - Security based on Project Assignment
- C. Project Accountant - Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
- D. Project Team Member - Security based on Project Assignment
- E. Project Executive - Security based on Project Hierarchy
Answer: B,D
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 # 82
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