[Apr 05, 2024] 1z0-1057-22 PDF Questions and Testing Engine With 128 Questions
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Oracle 1z0-1057-22 exam, also known as the Oracle Project Management Cloud 2022 Implementation Professional, is a certification exam designed to test the skills and knowledge of professionals who are responsible for implementing and managing projects using the Oracle Project Management Cloud solution. 1z0-1057-22 exam is aimed at individuals who have already gained experience in project management and are looking to validate their expertise with a reputable certification.
Oracle 1z0-1057-22 certification is a valuable credential that demonstrates a professional's expertise in Oracle Project Management Cloud 2022 implementation. It is recognized by employers worldwide and can help professionals advance their careers. Professionals who hold this certification are highly sought after by organizations that use Oracle Cloud technologies for project management.
NEW QUESTION # 43
Identify three purposes for which the project resource search index is used. (Choose three.)
- A. Filter counts while you search for resources
- B. Provide absence details for resources
- C. Calculate Resources Availability Scores
- D. Display resource details
- E. Calculate Resource Qualification Scores
Answer: B,D,E
NEW QUESTION # 44
Your client has implemented Oracle Cloud Applications with their United States business unit and United Kingdom business unit. After six months, they acquired another company in China and added a China business unit. A project accountant in your organization is authorized to access transactions for the US, UK, and China business units. The project accountant can see the transactions for the US and UK business units but not for the China business unit. Why is he not able to see the transactions for the China business unit? (Choose the best answer.)
- A. The application role relevant to the China business unit is not assigned to the project accountant.
- B. The project accountant is not assigned to the external role that grants access to the China business unit.
- C. The China business unit is associated with a different legal entity than the US and UK business units.
- D. The US and UK business units are linked to different ledgers than the China business unit.
Answer: B
NEW QUESTION # 45
Your customer has a requirement to import and process third-party transactions that are "costed" and "accounted".
Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)
- A. Import Options
- B. Document Entry Options
- C. Document Options
- D. Transaction Source Options
Answer: D
Explanation:
Reference https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJC/F1071488AN1004C.htm To import and process third-party transactions that are costed and accounted, you need to set the Transaction Source Options for the transaction source that you use to import the transactions. The Transaction Source Options allow you to specify whether the transactions are costed and accounted by the source system or by Oracle Fusion Cost Management. You can also specify whether to validate and transfer costs and accounting entries to projects and general ledger. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2355941
NEW QUESTION # 46
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.)
- A. 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.
- 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 only if there are accounted receipt lines.
- C. 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.
- D. 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.
Answer: B,D
NEW QUESTION # 47
Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction's business unit.
Which reference data sharing method would you set up to meet the customer requirement? (Choose the best answer.)
- A. assignment to one set only with common values
- B. assignment to one set only; no common values allowed
- C. assignment to multiple sets; no common values allowed
- D. assignment to multiple sets; common values allowed
Answer: C
Explanation:
Reference https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-enterprise-structures.html#FACIA462453 Reference Data Sharing Methods Variations exist in the methods used to share data in reference data sets across different types of objects. The following list identifies the methods:
Assignment to one set only, no common values allowed. This method is the simplest form of sharing reference data that allows assigning a reference data object instance to one and only one set. For example, Asset Prorate Conventions are defined and assigned to only one reference data set. This set can be shared across multiple asset books, but all the values are contained only in this one set.
Assignment to one set only, with common values. This method is the most commonly used method of sharing reference data that allows defining reference data object instance across all sets. For example, Receivables Transaction Types are assigned to a common set that is available to all the business units. You need not explicitly assign the transaction types to each business unit. In addition, you can assign a business unit-specific set of transaction types. At transaction entry, the list of values for transaction types includes the following:
Transaction types from the set assigned to the business unit.
Transaction types assigned to the common set that is shared across all business units.
Assignment to multiple sets, no common values allowed. The method of sharing reference data that allows a reference data object instance to be assigned to multiple sets. For instance, Payables Payment Terms use this method. It means that each payment term can be assigned to one or more than one set. For example, you assign the payment term Net 30 to several sets but assign Net 15 to a set specific only to your business unit. At transaction entry, the list of values for payment terms consists of only the set that is assigned to the transaction's business unit.
Note: Oracle Fusion Applications contains a reference data set called Enterprise. Define any reference data that affects your entire enterprise in this set. Also update the data set going forward as you create new reference data items.
NEW QUESTION # 48
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.)
- A. 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.
- B. 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.
- C. 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.
- D. 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.
Answer: A,C
Explanation:
Reference:
Topic - FAQs for Define Project Enterprise Labor Resources
What's the processing order of project enterprise labor resource maintenance conditions?
Records are processed by the Maintain Project Enterprise Labor Resources process in ascending order based on the process order value that you specify on the Create Condition page. For example, assume that an HCM person is included in a condition with a process order value of 1. If a resource doesn't already exist for that person, then the process creates a resource for the condition with the process order value of 1. The process doesn't create more than one resource for the same person even if subsequent conditions apply to the person.
If multiple conditions have the same process order value, then records are processed in ascending alphabetic order based on the condition name.
NEW QUESTION # 49
You are now the project manager of a newly created implementation project. Which two items are not part of managing an implementation project?
- A. Assign tasks to various users who are responsible for managing setup data.
- B. Generate a list of setup tasks.
- C. Enable optional functional areas and features by opting in.
- D. Select the offering you want to implement.
- E. Monitor the progress of completing setup tasks.
Answer: A,B
NEW QUESTION # 50
You have defined two expenditure types but they are not available for selection when you enter an expenditure batch.
What is the reason for this problem?
- 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 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 business unit in which the transaction is performed.
Answer: D
NEW QUESTION # 51
Identify three correct statements about project types. (Choose three.)
- A. Project type can be associated with multiple project units.
- B. Project type can be enabled for both billing and capitalization.
- C. Project type can be used as a source in subledger accounting.
- D. Summarization options can be specified at project type.
- E. Classifications can be assigned at project type.
Answer: A,C,D
Explanation:
Project type is a classification that defines the common attributes and processing options for projects. Some of the correct statements about project type are:
Project type can be used as a source in subledger accounting. This allows you to create accounting rules based on the project type attribute.
Summarization options can be specified at project type. This allows you to control how the project transactions are summarized for reporting and performance purposes.
Project type can be associated with multiple project units. This allows you to share the same project type across different business units or organizations. Project type cannot be enabled for both billing and capitalization, as these are mutually exclusive options. Classifications cannot be assigned at project type, but at project or task level. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financial-management.html#OAPFM2355971
NEW QUESTION # 52
Your organization has a requirement to create and apply a new theme for the application user interface.
Which option allows you to achieve this requirement?
- A. Structure Page
- B. User Interface Text
- C. Setup and Maintenance Work Area
- D. Appearance Page
Answer: D
NEW QUESTION # 53
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.)
- A. Manual Entry
- B. Remaining Plan
- C. Effort
- D. Cost
Answer: D
Explanation:
Reference https://ppm-help.saas.hpe.com/en/9.42/Help/Content/UG/PjMUG/view_pj_cost_data_costtab.htm Below is an example of the Financial Summary view on the Cost tab of the Project Overview page.
NEW QUESTION # 54
Your company uses an accounting calendar with periods that are identical to calendar months. A contract resource has been identified to work for six months on an accounting close cycle project. The resource is planned to start with 10 days left in the first period and to end 20 days into the last period. For the remaining periods, the resource must be loaded on all working days of the month. You are required to distribute the budget, forecast, and planning amounts across periods based on the task duration.
Which predefined spread curve must be used to meet this requirement? (Choose the best answer.)
- A. S-Curve
- B. Daily Spread Basis
- C. Even
- D. Back Loaded
- E. Bell Curve
Answer: B
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-control-configuration-manage-spread-curves.html#OAPFM79760 Predefined Spread Curves Name Description Dist. Factors Even Linear distribution of financial or project plan values across periods.
10-10-10-10-10-10-10-10-10-10
Prorated Even
Linear distribution of financial or project plan values across periods, with an exception of the first period and last period in the financial plan. Financial or project plan values for the first period and last period are prorated based on the number of days in the period.
10-10-10-10-10-10-10-10-10-10
Back Loaded
Back-loaded distribution of financial or project plan values across periods. Assigned amounts increase over succeeding periods.
0-5-10-15-20-25-30-35-40-45
Front Loaded
Front-loaded distribution of financial or project plan values across periods. Assigned amounts decrease over succeeding periods.
45-40-35-30-25-20-15-10-5-0
S Curve
S-shaped distribution of financial or project plan values across periods.
18-10-8-10-15-17-18-17-15-8
Bell Curve
Bell-shaped distribution of financial or project plan values across periods. Assignment of plan values is highest in the middle periods.
0-4-10-12-14-12-10-4-0-0
Daily Spread Analysis
Spread is based upon the number of days in each financial period throughout the duration of the task assignment. Amounts are proportionally distributed throughout all periods for the duration of the task assignment None
NEW QUESTION # 55
Which component provides a human workflow service that handles all interactions with users or groups in business processes?
- A. Subledger Accounting
- B. Security Console
- C. SOA Suite
- D. BPM Worklist
Answer: C
NEW QUESTION # 56
Which precedence order is used by the system for labor schedules to distribute payroll cost?
- A. Assignment > Element > Assignment Element
- B. Assignment Element > Element > Assignment
- C. Assignment > Assignment Element > Element
- D. Element > Assignment Element > Assignment
Answer: C
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 # 57
Your customer wants a project start date to cascade to the project tasks but does not want the finish date to be cascaded. Identify the default setup in a project template that can be used to enable this. (Choose the best answer.)
- A. Cascade change to the start date.
- B. Cascade change to the start date and the finish date.
- C. Do not cascade date changes.
- D. Cascade change to the finish date.
Answer: A
Explanation:
Reference https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-control-configuration-manage-financial-and-project-plan-types.html#OAPFM79055 Topic - Project Date Cascade Options Use the Cascade option choice list to determine whether your changes to project dates cascade to tasks.
Use the Basic Information region on the Edit Project Template page to select one of the following options:
Do not cascade project date changes to tasks: Both start and finish dates are editable. However, you must ensure the following:
The project start date is not later than the earliest task date.
The project finish date is not earlier than the latest task date.
Cascade project start date change to affected tasks: You can edit only the project start date.
Cascade project finish date change to affected tasks: You can edit only the project finish date.
Do not cascade project date changes to tasks is the default value. You must select the cascade option each time you change the project dates, as your selection isn't saved for future date changes.
If you select to roll up planned dates for tasks or are using an external application for scheduling, then you can't modify the project start or finish dates.
NEW QUESTION # 58
You are currently involved in the implementation of the Project Financial Management solution for your client organization. Your client organization has two main lines of business: Consulting and Support. Consulting Services and Support Services organizations have different project planning, management, analysis and reporting requirements for the projects that they manage, though the management reporting and transaction processing requirements are the same for both the organizations.
What will be your recommendation?
- A. Define One Business Unit and Three Project Units
- B. Define Two Business Units and Two Project Units
- C. Define One Business Unit and Two Project Units
- D. Define Two Business Units and One Project Unit
Answer: C
Explanation:
The recommendation for this scenario is to define one business unit and two project units. A business unit is an organization that performs one or many business functions such as transaction processing or reporting. A project unit is an organization that manages projects within a business unit or across multiple business units. By defining one business unit and two project units, you can meet the following requirements of the client organization:
The management reporting and transaction processing requirements are the same for both the organizations: This can be achieved by using the same business unit for both the organizations, as the business unit determines the common setups such as ledger, currency, calendar, etc. for transaction processing and reporting.
The project planning, management, analysis and reporting requirements are different for each organization: This can be achieved by using different project units for each organization, as the project unit determines the specific setups such as project types, templates, options, etc. for project planning, management, analysis and reporting. Defining two business units and two project units is not recommended for this scenario, as this would create unnecessary duplication of setups for transaction processing
NEW QUESTION # 59
Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types. Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)
- A. Create a revenue method classification with a revenue method of Percent Spent.
- B. Create a revenue method with a revenue method classification of Amount Based.
- C. Create a revenue method classification with a revenue method of Percent Complete.
- D. Create a revenue method with a revenue method classification of Rate Based.
Answer: D
Explanation:
To perform revenue recognition based on the Labor and Non-labor Burden schedule types, you need to create a revenue method with a revenue method classification of Rate Based. This classification allows you to use the burdened cost rates of labor and non-labor resources as the basis for revenue recognition. The burdened cost rates are derived from the burden schedules that are assigned to the project or task. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-revenue.html#OAPFM2355981
NEW QUESTION # 60
Which three features are part of Oracle Fusion Functional Setup Manager?
- A. updating an implementation project task list by changing the opt-in configuration to suit the latest requirements
- B. feature opt-in for a best fit configuration
- C. guided task list for end-to-end setup requirements
- D. export and import services for setup data migration between environments
- E. modifying an existing implementation project task list by selecting more functional areas when needed
Answer: B,C,D
Explanation:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/oafsm/applications-cloud-using-functional-setup-manager.pdf Functional Setup Manager offers the following:
* Standardized application configuration and setup experience
* Feature opt-in for a best fit configuration
* Flexible processes for managing setup:
* Setup by functional areas for an adopt-as-you-go approach
* Implementation projects to manage setup
* Upload file to enter setup data in bulk
* Guided task list for end-to-end setup requirements
* Export and import services for setup data migration between environments
* Comprehensive reporting on setup data
NEW QUESTION # 61
Which three are true of what you can do in the Project Requirements work area?
- A. Create project tasks for backlog items.
- B. Create an implementation project.
- C. Organize backlog items by requirements.
- D. Create an execution project.
- E. Manage your list of backlog items.
Answer: A,C,E
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapem/manage-project-requirements.html#OAPEM874365 Project Requirements: Explained Requirements enable you to capture your business needs. If you manage projects using the Agile development methodology, you start by identifying the high-level requirements and decomposing them further to manage the completion of work on the requirement.
You use the Project Requirements work area to:
Organize backlog items by requirements
Manage your list of backlog items
Create project tasks for backlog items
NEW QUESTION # 62
Identify two attributes for which you can enter budgets that will be considered for Budgetary Controls in Project Portfolio Management. (Choose two.)
- A. project plan type
- B. expenditure item
- C. project
- D. project classification
- E. resource
Answer: C,E
Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPJF/OAPJF1121937.htm#OAPJF1121937
NEW QUESTION # 63
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Oracle 1z0-1057-22 exam is an essential certification for professionals seeking to advance their careers in project management. It validates the skills and expertise of professionals in implementing projects using Oracle Project Management Cloud 2022. Oracle Project Management Cloud 2022 Implementation Professional certification provides a comprehensive understanding of the solution, enabling professionals to plan, manage, and execute successful projects.
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