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Oracle 1Z0-1057-21 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Project Management Cloud 2021 Implementation Essentials
Exam Number:1Z0-1057-21
Exam Format:Multiple Choice, Multiple Answer
Passing Score:60%
Related Certifications:Oracle Project Management Cloud 2021 Certified Implementation Specialist
Available Languages:English
Certificate Validity Period:Oracle Cloud Certifications are typically valid for the corresponding product release cycle
Exam Price:USD 245
Exam Duration:90 minutes
Real Exam Qty:55
Sample Questions:Oracle 1Z0-1057-21 Sample Questions
Exam Way:Online Proctored Exam or Pearson VUE Test Center
Pre Condition:Oracle recommends implementation experience with Oracle Project Management Cloud solutions. No mandatory prerequisite exam required.
Official Syllabus URL:https://education.oracle.com/oracle-project-management-cloud-2021-implementation-essentials/pexam_1Z0-1057-21

Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Project Foundation Setup- Project Units
  • 1. Implementation Options
  • 2. Business Units
  • 3. Reference Data Sets
Project Cost Management- Cross-Charge Processing
  • 1. Transfer Pricing
  • 2. Borrowed and Lent Transactions
- Cost Collection and Processing
  • 1. Cost Transactions
  • 2. Supplier Cost Processing
  • 3. Expense Management Integration
Project Billing and Revenue Management- Contract and Billing Setup
  • 1. Invoice Generation
  • 2. Billing Events
  • 3. Revenue Recognition
Project Financial Management Setup- Financial Structures
  • 1. Transaction Sources
  • 2. Expenditure Categories
  • 3. Expenditure Types
- Project Types and Templates
  • 1. Project Statuses
  • 2. Project Classes
  • 3. Project Roles
Resource Management- Resource Structures
  • 1. Resource Requests
  • 2. Resource Calendars
  • 3. Project Staffing
Security and Implementation Tools- Security Configuration
  • 1. Data Access Security
  • 2. Project Roles
- Implementation Utilities
  • 1. Functional Setup Manager
  • 2. Setup Data Migration
  • 3. Rapid Implementation Spreadsheets
Project Execution Management- Project Planning
  • 1. Work Plans
  • 2. Resource Assignments
  • 3. Task Management
- Project Control
  • 1. Performance Reporting
  • 2. Budgets
  • 3. Forecasts

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. You want tocreate a few project roles so as to restrict accessin 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? (

A) Project Team Member- Security based on Project Assignment
B) Project Executive- Security basedon Project Hierarchy
C) Project Billing Specialist- Security based on Contract BU
D) Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
E) Project Manager- Security based on Project Assignment


2. Which three features are part of Oracle Fusion Functional Setup Manager?

A) feature opt-in for a best fit configuration
B) modifying an existing implementation project task list by selectingmore functional areas when needed
C) updating an implementation project task list by changing the opt-in configuration to suit the latest requirements
D) guided task list for end-to-end setup requirements
E) export and import services for setup data migration between environments


3. Whichthreeare part of using the Rapid Implementation for Project Financial Management Applications macro-enabled Microsoft Excel spreadsheet to enter setup data?

A) Upload setup data.
B) Prepare setup data.
C) Generate CSV files.
D) File Importand Export.
E) Import Projects.


4. 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 arevenue method with a revenue method classification of Rate Based.


5. 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) P
B) S
C) Q
D) R


Solutions:

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

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