Oracle Project Financials Management Cloud 1Z0-1057-21

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question 1

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 underprojects. 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 quality manager is not assigned with a supervisor.
C. The quality manager belongs to a department that is not associated with the project.
D. The "Require Task Managers to be Project Team Members" profile option is set to Yes.

Question 2

Identify three correct statements about project types. (Choose three.)

A. Project type can be associated with multiple project units.
B. Project type can be usedas a source
C. Summarization options can be specified at project type.
D. Project type can beenabled for both billing and capitaliz
E. Classifications can be assigned

Question 3

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 reviewthe 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. Define allocationbasis by using Actual Amounts with aperiod-to-date amount class.
B. Allocate to all eligible tasks and prorate the allocation by thetotal actual raw costaccrued for each task during theprevious accounting period.
C. Allocate rental costs once each accounting period by using the "spread evenly" allocation method.
D. Define allocation basis by using Actual Amounts with a project-to-date amount class.
E. Allocate rental costs once each accounting period by using the"full" allocation method.

Question 4

Your client is involved in automation control systems installation. Over the years, they have analyzed their total project spend on specific resource classes. They have identified that their cost spread distribution factor on a 10 spread point scale resembles:
0-4-10-11-14-13-10-4-0-0. Identify two ways to handle this kind of a spread on their budgets and forecasts. ( Choose two)

A. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to a project template.
B. Use the predefined Bell Curve spread with small deviations on the spread points.
C. Use the predefined S-Curve spread with small deviations on the spread points.
D. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to the resource class.

Question 5

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. 900
B. 1000
C. 600
D. 800

Solutions: