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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Project Management Cloud Overview and Common Configuration15%- Set up calendars, periods, rate schedules, transaction sources
- Describe architecture and components
- Manage security, roles, duties and user experience
- Configure enterprise settings, reference data sharing
Topic 2: Project Billing and Revenue Management20%- Set up revenue recognition and invoicing
- Configure cross-charging, transfer pricing
- Manage contract billing and revenue accounting
Topic 3: Project Planning, Control and Forecasting15%- Set up project controls and performance tracking
- Manage project schedules and progress
- Define project budgets and forecasts
Topic 4: Functional Setup Manager and Implementation10%- Configure and manage implementation projects
- Use Rapid Implementation Workbook
Topic 5: Program Management and Reporting10%- Set up programs and hierarchies
- Configure project performance reporting and KPIs
Topic 6: Project Costing20%- Set up budgetary controls and cost controls
- Integrate with Time and Labor
- Configure cost collection, allocations, burdening
Topic 7: Resource Management10%- Manage resource allocation and utilization
- Configure enterprise resource setup

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. Your customer wants additional project information for detailed account balance maintenance, reconciliation, and reporting. Identify the configuration in subledger accounting that can be set up to fulfill this requirement. (Choose the best answer.)

A) Accounting Method
B) Supporting Reference
C) Accounting Rule
D) Mapping Sets
E) Journal Rules


2. 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.)

A) time entry rules
B) time calculation rules
C) project time validation rules
D) time audit rules


3. Which product offering simplifies the planning, budgeting, and forecasting capabilities as part of Project Management Cloud?

A) Project Costing
B) Enterprise Contract Management
C) Project Billing
D) Project Control


4. 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 Yes.
B) The "Require Task Managers to be Project Team Members" profile option is set to No.
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.


5. 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.

A) Both the contract lines create only a single invoice because they are using the same contract.
B) Two invoices are created using the same contract.
C) Bill set number drives the grouping of transactions.
D) Invoice generation does not depend on bill plan. The invoices are created based on the contract line.


Solutions:

Question # 1
Answer: B
Question # 2
Answer: D
Question # 3
Answer: D
Question # 4
Answer: B
Question # 5
Answer: A

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