Oracle Project Management Cloud 2021 Implementation Essentials: 1Z0-1057-21 Exam


"Oracle Project Management Cloud 2021 Implementation Essentials", also known as 1Z0-1057-21 exam, is a Oracle Certification. With the complete collection of questions and answers, ExamcollectionPass has assembled to take you through 93 Q&As to your 1Z0-1057-21 Exam preparation. In the 1Z0-1057-21 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: 1Z0-1057-21
  • Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials
  • Total Questions: 93

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Functional Setup Manager
Configure Project Resource Management
Configure Project Management
Applications Security Overview
Configure Project Foundation
Project Management Overview
Configure Project Costing
Configure Project Control
Configure Project Performance Reporting
Configure Project Billing
Navigation, User Experience, Personalization and Approvals
Common Project Configuration

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Your customer started operations and all projects in January 2015. They implemented Enterprise Project Structure for calculating project labor demand by using the Annual option. When they view the labor demand on 15-Dec-2015, the project hierarchy viewer shows data only for the year 2015. The client expected the demand to be shown for a year, from 15-Dec-2015 to 15-Dec-2016.
Identify how the project hierarchy viewer displayslabor demand information. (Choose the best answer.)

  • A. The current date is used for calculating labor demand for the current year.
  • B. The current period start date is used for calculating labor demand for the current year.
  • C. The date entered by a user as a parameter when running the Update EPS job was set to 01-Jan-2015, and hence the calculations show results for the year 2015.
  • D. The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).

You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitmentfor $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

  • A. 1000
  • B. 900
  • C. 600
  • D. 800
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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 thebest answer.)

  • A. R
  • B. Q
  • C. S
  • D. P
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).

Which two statements are true about the cross-charge method, Borrowed and Lent?

  • A. This method creates accounting entries that move an amount equal to the transfer price between theprovider and receiver organizations within a legal entity.
  • B. Costs or revenue are shared based on transfer price rules with this method.
  • C. You must set up the contract business unit to use this method.
  • D. This method creates a formal internal invoice.
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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You havedefined two expenditure types, but they are not available for selection when youenter 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 theproject unitin which the transaction is performed.
  • B. 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.
  • 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 project expenditure organization in which the transaction is performed.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).

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