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Free and Premium Oracle 1z0-1057-22 Dumps Questions Answers

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Oracle Project Management Cloud 2022 Implementation Professional Questions and Answers

Question 1

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.)

Options:

A.

Project Executive- Security based on Project Hierarchy

B.

Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue

C.

Project Manager- Security based on Project Assignment

D.

Project Billing Specialist- Security based on Contract BU

E.

Project Team Member- Security based on Project Assignment

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Question 2

Your business user has created a purchase order (PO) that has the following attributes:

Accrue at Receipt = Yes

Matching Option = 2 way

Receipt Close Tolerance = 100%

After approval, the PO is closed for receiving without creating a receipt. An AP invoice is created by matching to the PO. The user now runs Create Accounting for Receiving Transactions and then the “Import and Process Cost transactions” ESS (Enterprise Scheduler Service) job using the Transaction Source parameter as “Oracle Payables”. The user notices that there is no cost transferred to the projects. Identify two reasons for this problem. (Choose two.)

Options:

A.

When you have an AP invoice that is matched against a PO with Accrue at Receipt set to NO, cost is transferred to projects by receipt accounting.

B.

When you have an AP invoice that is matched against a PO with Accrue at Receipt set to YES, cost is transferred to projects by Cost Management and not by Payables.

C.

When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to projects only if there are accounted receipt lines.

D.

When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to project by payables.

Question 3

Identify the valid approval group type applicable to Oracle Project Financial Management Cloud. (Choose the best answer.)

Options:

A.

Position

B.

Dynamic

C.

Static

D.

Flexfield

E.

Job

Question 4

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.)

Options:

A.

Amount Based

B.

Rate Based

C.

As Incurred

D.

Percent Complete

Question 5

Your client has decided to import time cards into Project Costing from Oracle Fusion Time and Labor. They have a requirement to make adjustments to time card entries whenever needed.

In which work area will the employees and contingent workers be able to modify their time cards?

Options:

A.

Both Time and Cost

B.

Cost

C.

Asset

D.

Time

Question 6

While creating a new project template, you notice that a default Asset Cost Allocation method is being automatically associated. Identify the source setup from which the default value is being inherited. (Choose the best answer.)

Options:

A.

project classification

B.

project type

C.

project unit

D.

project organization

Question 7

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.)

Options:

A.

Project Manager

B.

Project Administrator

C.

Project Application Administrator

D.

Project Accountant

Question 8

Green House Corporation has decided to enable the budgetary control feature for their projects. At which two levels will they be able to enter the amounts in the budget versions for these projects?

(Choose two.)

Options:

A.

Expenditure Type

B.

Task

C.

Top resource

D.

Expenditure Category

E.

Project

Question 9

Which data format is supported by SOAP Web services to establish communication between web services consumers and web services providers?

Options:

A.

CSV

B.

XML

C.

JSON

D.

XLSX

Question 10

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.)

Options:

A.

The project sends only the invoice header and invoice line description to Receivables, not the invoice distributions.

B.

The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.

C.

The project sends only the invoice header to Receivables, not the invoice line description and distributions.

D.

The project sends the invoice line description and the invoice distributions to Receivables, but not the invoice header.

Question 11

Using Oracle Time and Labor, your client wants to put in a validation process that allows only a certain number of maximum hours an employee can charge in a day, and a minimum of hours he or she can report in a week.

What feature would you use to meet this requirement? (Choose the best answer.)

Options:

A.

project time validation rules

B.

time calculation rules

C.

time entry rules

D.

time audit rules

Question 12

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.)

Options:

A.

Allocate rental costs once each accounting period by using the “full” allocation method.

B.

Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task during the previous accounting period.

C.

Define allocation basis by using Actual Amounts with a project-to-date amount class.

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 “spread evenly” allocation method.

Question 13

You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Portfolio Management with tasks and subtasks applicable to each of the phases of the project: Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want to define deliverables for your project requirements that are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works. Identify the two correct statements in this respect. (Choose two.)

Options:

A.

A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.

B.

The association of a deliverable with a task is dependent on associating a requirement with a task.

C.

A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.

D.

You associate a deliverable with a task, independent of associating a requirement with a task.

Question 14

As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes In HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers.

Which three are parameters that are based on which the system identifies the new resources?

Options:

A.

Department

B.

Project Unit

C.

Jobs

D.

Business Unit

E.

Organization

Question 15

You are trying to create a custom infolet but are not able to find the "Create Infolet" option in the Infolet repository window. Which two steps should be completed before you can access the "Create Infolet" option?

Options:

A.

You must activate Page Composer.

B.

You should be on the Project Custom Objects page.

C.

You must be in an active sandbox.

D.

You should enable the "Create Infolet" option from the Personalize Springboard page.

Question 16

Stigma Consulting wants to implement the program management capability to coordinate and track their strategic programs.

Which three components are required to configure the program options as part of implementing the program management capability? (Choose three.)

Options:

A.

Calendar

B.

Calculation Methods

C.

Derivation Methods

D.

Currencies

E.

Accounting Methods

Question 17

Your customer wants to calculate Estimate to Complete (ETC) as the difference between Current Planned Cost and Actual Cost. In Progress Settings, which option would you use in conjunction with the ETC method to meet this requirement? (Choose the best answer.)

Options:

A.

Effort

B.

Cost

C.

Manual Entry

D.

Remaining Plan

Question 18

Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page. An HCM person is included in a condition with a process order value of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

Options:

A.

The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

B.

For the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic order based on the condition name.

C.

For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.

D.

The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

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Total 126 questions