2024 1z0-1057-22 Dumps PDF - 1z0-1057-22 Real Exam Questions Answers [Q31-Q49]

2024 1z0-1057-22 Dumps PDF - 1z0-1057-22 Real Exam Questions Answers

Valid 1z0-1057-22 Test Answers & Oracle 1z0-1057-22 Exam PDF

Preparing for the Oracle 1z0-1057-22 certification exam requires a solid understanding of project management concepts and techniques. Candidates should have experience with Oracle Project Management Cloud and be familiar with its features and capabilities. Additionally, candidates should have experience in implementing Oracle Project Management Cloud in real-world settings. To help prepare for the certification exam, Oracle offers a range of training courses and study materials, including practice exams and online training modules.

 

NEW QUESTION # 31
Which component of performance measures allows you to select the method that is used to measure accounts such as budget, forecast, and actual?

• A. Time Member
• B. Accounts Member
• C. Scenario Member
• D. Category Member

Answer: B

Explanation:
The Accounts Member component of performance measures allows you to select the method that is used to measure accounts such as budget, forecast, and actual. The Accounts Member component defines the account dimension member for the performance measure, which represents the financial data that is measured. You can also specify the aggregation rule and calculation method for the account dimension member. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-performance-reporting.html#OAPFM2356081

NEW QUESTION # 32
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 business 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 project unit in which the transaction is performed.

Answer: B

NEW QUESTION # 33
Which two statements are true about the borrowed and lent cross charge method? (Choose two.)

• A. You must set up a contract business unit to use this method.
• B. This method allows you to process cross charge transactions across legal entities.
• C. Internal Invoice is not generated with this method.
• D. This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations

Answer: B,C

Explanation:
The borrowed and lent cross charge method is a method that allows you to process cross charge transactions between provider and receiver organizations that belong to different legal entities within the same primary ledger. This method does not generate internal invoices or intercompany accounting entries for cross charge transactions. Instead, this method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations using borrowed and lent accounts. Two statements that are true about this method are:
Internal Invoice is not generated with this method. This method does not create internal invoices for cross charge transactions, as these transactions are accounted within the same primary ledger using borrowed and lent accounts.
This method allows you to process cross charge transactions across legal entities. This method allows you to process cross charge transactions between provider and receiver organizations that belong to different legal entities within the same primary ledger, as long as they share the same chart of accounts, calendar, currency, and subledger accounting method.

NEW QUESTION # 34
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 with a revenue method classification of Rate Based.
• 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 Spent.
• D. Create a revenue method classification with a revenue method of Percent Complete.

Answer: A

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 # 35
Which precedence order is used by the system for labor schedules to distribute payroll cost?

• A. Assignment Element > Element > Assignment
• B. Assignment > Assignment Element > Element
• C. Element > Assignment Element > Assignment
• D. Assignment > Element > Assignment Element

Answer: B

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 # 36
Which four standard objects can you configure to include business specific attributes by using Application Composer for Project Execution Management? (Choose four.)

• A. Project Issues
• B. Project Resource Assignment
• C. Project Milestones
• D. Project Deliverables
• E. Project Gates
• F. Project Resource Request

Answer: A,C,D,E

Explanation:
Application Composer is a tool that allows you to configure standard objects or create custom objects to include business specific attributes for Project Execution Management. Four of the standard objects that you can configure using Application Composer are:
Project Gates: These are checkpoints that mark the completion of a phase or stage in a project lifecycle.
Project Issues: These are problems or risks that affect the progress or outcome of a project.
Project Milestones: These are significant events or achievements that indicate the status or completion of a project or task.
Project Deliverables: These are products or services that are produced or provided as part of a project or task. Project Resource Request and Project Resource Assignment are not standard objects that you can configure using Application Composer. These are features that allow you to request and assign resources for projects and tasks based on various criteria such as availability, qualifications, preferences, etc. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-execution.html#OAPFM2356201

NEW QUESTION # 37
Which two statements are true about a project in "Draft" status? (Choose two.)

• A. Team members can see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
• B. Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
• C. Project managers can neither view draft projects on the Project Manager Dashboard nor use the projects for requirements planning.
• D. Project managers can view draft projects on the Project Manager Dashboard and use the projects for requirements planning.

Answer: B,D

Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPEM/OAPEM1122096.htm The following table lists the project statuses and what you can do with projects in that status.
Project Status
What you can do?
Draft
Project managers can view draft projects in the Project Manager Dashboard and use the projects for requirements planning.
Team members can't see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
Active
Project managers can view active projects in the Project Manager Dashboard and use the projects for requirements planning, project execution, and reporting.
Team members can view task assignments on active projects on the Team Member Dashboard and My Work area.
Pending Close
Project managers can view pending projects in the Project Manager Dashboard and use the projects for project tracking, and reporting.
Team members can view task assignments on pending projects on the Team Member Dashboard and My Work area.
Submitted
Project managers can view submitted projects in the Project Manager Dashboard and use the projects for project tracking, and reporting.
Team members can view task assignments on submitted projects on the Team Member Dashboard and My Work area Closed Project managers can't view closed projects in the Project Manager Dashboard or use the projects for requirements planning, project execution, and reporting.
Team members can't view tasks of closed projects on the Team Member Dashboard or in the My Work area.

NEW QUESTION # 38
Which three are valid password complexity criteria while setting up password policies? (Choose three.)

• A. Complex: At least 8 characters, 1 uppercase, and 1 number
• B. Very Complex: At least 8 characters, 1 uppercase, 1 number, and 2 special characters
• C. Simple: At least 8 characters and 1 number
• D. Very Complex: At least 8 characters, 1 uppercase, 1 number, and 1 special character
• E. Very Complex: At least 6 characters, 1 uppercase, 1 number, and 1 special character

Answer: A,B,D

Explanation:
Password complexity criteria are criteria that determine how strong or secure a password must be for a user account. Password complexity criteria can include requirements such as minimum length, uppercase letters, lowercase letters, numbers, special characters, etc. Three of the valid password complexity criteria while setting up password policies are:
Complex: At least 8 characters, 1 uppercase, and 1 number
Very Complex: At least 8 characters, 1 uppercase, 1 number, and 2 special characters Very Complex: At least 8 characters, 1 uppercase, 1 number, and 1 special character Simple: At least 8 characters and 1 number is not a valid password complexity criterion while setting up password policies, as this criterion does not meet the minimum security standards for Oracle Cloud applications. Very Complex: At least 6 characters, 1 uppercase, 1 number, and 1 special character is also not a valid password complexity criterion while setting up password policies, as this criterion does not meet the minimum length requirement of 8 characters for Oracle Cloud applications. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financial-management.html#OAPFM2356271

NEW QUESTION # 39
Identify three correct statements about the integration of Primavera P6 Enterprise Project Portfolio Management and Oracle Project Portfolio Management Cloud. (Choose three.)

• A. Project plans and progress flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
• B. Projects and task definitions flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
• C. Billing events flow from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.
• D. Summarized actual quantity and cost flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
• E. Event completion flows from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.

Answer: B,D,E

Explanation:
Ref: https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49622/F1125394AN6D254.htm Primavera P6 Enterprise Project Portfolio Management and Oracle Fusion Project Portfolio Management: How They Work Together Use Oracle Fusion Project Integration Gateway to integrate Oracle Fusion Project Portfolio Management with Primavera P6 Enterprise Project Portfolio Management. The integration enables project accountants, project billing specialists, and executives to centrally perform project costing, billing, accounting, and executive reporting tasks in Oracle Fusion Project Portfolio Management while enabling each project manager to perform detailed project planning and scheduling in Primavera P6 Enterprise Project Portfolio Management.
Oracle Fusion Project Integration Gateway ensures data security, integrity, and efficiency by defining a set framework in which data is exported from and imported into Oracle Fusion Project Portfolio Management.
The following table and diagram provide an overview of the flow of information.
Information Type
From Application
To Application
Global integration information
Oracle Fusion Project Portfolio Management
Primavera P6 Enterprise Project Portfolio Management
Projects and task definition
Oracle Fusion Project Portfolio Management
Primavera P6 Enterprise Project Portfolio Management
Summarized project actual quantity and cost
Oracle Fusion Project Portfolio Management
Primavera P6 Enterprise Project Portfolio Management
Project plans and progress
Primavera P6 Enterprise Project Portfolio Management
Oracle Fusion Project Portfolio Management
Billing events
Oracle Fusion Project Portfolio Management
Primavera P6 Enterprise Project Portfolio Management
Event completion
Primavera P6 Enterprise Project Portfolio Management
Oracle Fusion Project Portfolio Management

NEW QUESTION # 40
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?

• A. Time
• B. Both Time and Cost
• C. Cost
• D. Asset

Answer: A

Explanation:
The employees and contingent workers will be able to modify their time cards in the Time work area. This work area allows them to enter, review, edit, and submit their time cards for approval. They can also view the status and history of their time cards and make corrections as needed. The Time and Cost work area allows the project managers and cost accountants to review, adjust, and transfer time card transactions to projects and tasks. The Asset work area allows the asset managers and cost accountants to review, adjust, and transfer asset transactions to Oracle Fusion Assets. These work areas are not used by the employees and contingent workers to modify their time cards. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-time-and-labor.html#OAPFM2356221

NEW QUESTION # 41
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 calculation rules
• B. project time validation rules
• C. time entry rules
• D. time audit rules

Answer: C

Explanation:
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, you need to use time entry rules. Time entry rules allow you to define the conditions and actions for validating time entries based on various attributes such as hours, dates, projects, tasks, etc. You can also specify the error messages and severity levels for the time entry rules. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-time-and-labor.html#OAPFM2355991

NEW QUESTION # 42
Your customer wants to automatically allocate unassigned asset lines and common costs across multiple assets based on the construction-in-process cost of each asset. Identify the asset allocation method that you must use as the default method while configuring project types to meet this requirement. (Choose the best answer.)

• A. Estimated Cost
• B. Current Cost
• C. Standard Unit Cost
• D. Spread Evenly
• E. Actual Unit

Answer: B

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundation-configuration-manage-project-types.html#OAPFM220111 Topic - Asset Cost Allocation Methods: Explained The asset cost allocation method determines how indirect or common costs incurred on a project are allocated to multiple assets.
You can specify an asset cost allocation method to enable Oracle Fusion Project Costing to automatically allocate unassigned asset lines and common costs across multiple assets. Unassigned asset lines typically occur when more than one asset is assigned to an asset grouping level.
Projects and project templates inherit a default asset cost allocation method from the associated project type. You can override the default at the project level. If you use capital events to allocate costs, then you can also override the asset cost allocation method at the event level.
The following table describes the available asset cost allocation methods.
Method
Basis of Cost Allocation
Actual Units
Number of units defined for each asset
Current Cost
Construction-in-process (CIP) cost of each asset
Estimated Cost
Estimated cost of each asset
Standard Unit Cost
Combination of the standard unit cost and the number of units defined for each asset Spread Evenly Equal allocation of cost to each asset

NEW QUESTION # 43
You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? (Choose two.)

• A. View task details and the task activity stream.
• B. Receive email notifications about changes that team members make to a task.
• C. Enter progress for tasks.
• D. Edit task details.

Answer: A,B

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/execute-project-tasks-and-deliverables.html#OAPEM1122082 Followers are persons who aren't working on the task but have an interest in reviewing the task progress. Only the resources and other followers can add followers to a task. If a resource assigns the task to another team member, the application automatically changes the original resource to a follower.
What's the difference between my tasks and tasks that I follow?
You can edit task details and enter progress for your tasks on the Manage Tasks page. If a task has multiple resources, only the primary resource can edit the task.
When you follow a task, you can view the task details and see the task activity stream. You receive e-mail notifications of changes that team members make to the task.
If a resource reassigns the task to another team member, then the previous resource automatically becomes a follower.

NEW QUESTION # 44
Which three tasks can be performed using the project requirements work area? (Choose three.)

• A. tracking backlog item status from the requirement storyboard.
• B. creating projects and tasks in the context of backlog items.
• C. adding scrum master to backlog items.
• D. creating issues for the backlog items.
• E. creating change orders for the backlog items.

Answer: A,B,D

NEW QUESTION # 45
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.)

• A. Expenditure Type
• B. Expenditure Category
• C. Task
• D. Top resource
• E. Project

Answer: C,E

Explanation:
Budgetary control is a feature that allows you to monitor and control project costs against approved budgets. You can enter the amounts in the budget versions for these projects at two levels: Task and Project. These levels correspond to the budgetary control levels that are defined for the project type. You can also view and compare the budget amounts and actual costs at these levels using reports and dashboards. Expenditure Type, Top Resource, and Expenditure Category are not levels at which you can enter the amounts in the budget versions for these projects. These are attributes that can be used to group and filter the budget and actual amounts for reporting purposes. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-budgets-and-forecasts.html#OAPFM2356191

NEW QUESTION # 46
Which two attributes are available while enabling a task as a business object for social networking?

• A. Task
• B. Project
• C. Project Number
• D. Creation Date
• E. Task Number

Answer: A,B

Explanation:
To enable a task as a business object for social networking, you need to select the task and the project attributes. These attributes allow you to identify the task and the project it belongs to, and to view the social conversations related to them. Task number and creation date are not available as attributes for social networking. Project number is available, but it is not required to enable a task as a business object. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-tasks.html#OAPFM2355891

NEW QUESTION # 47
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. 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.
• B. 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.
• 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: B,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 # 48
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. (Choose the best answer.)

• A. attributes that the project enterprise resources are assigned after creation
• B. Person Type
• C. Jobs
• D. Pool Membership

Answer: B

Explanation:
Reference https://docs.oracle.com/cloud/farel8/projectcs_gs/OAPEX/F1082603AN23E61.htm Manage Project Enterprise Labor Resource Maintenance Conditions Project Enterprise Labor Resources: How They Are Automatically Created and Maintained Run the Maintain Project Enterprise Labor Resources process to create resources, remove resource availability for staffing, and maintain the resource search index.
Settings That Affect the Maintain Project Enterprise Labor Resources Process Create and maintain project enterprise labor resources by defining a set of conditions that specify the employees and contingent workers in Oracle Fusion Human Capital Management (HCM) to create as resources in Oracle Fusion Project Portfolio Management. Define the resource attribute values, such as the resource calendar and primary project role, to assign to the new resources.
The following table lists the criteria that you define for selecting HCM persons to create as project enterprise labor resources.
Selection Criteria
Description
Person type
Select the HCM person type for the process to use as criteria when selecting HCM persons to create as resources. Available person types are employees, contingent workers, or both employees and contingent workers.
Option to select people based on job
Select this option for the process to create resources for HCM persons with specific jobs.
Caution If you do not select job criteria for this condition, the process will create resources for all eligible people based only on the person type.
Jobs
If you selected the option to select people based on job, then select the jobs for the process to use as HCM person selection criteria.
The following table lists the attributes for which you specify values to assign to resources that are created for the condition.
Resource Attribute
Description
Option to manage resource availability and staffing
Select this option for resource managers to manage the availability and project staffing of resources who are created based on the condition. Resources who are managed in Oracle Fusion Project Resource Management are eligible to fulfill project resource requests.
Calendar
Select the resource calendar for resources that are created based on the condition. The resource calendar defines the work schedule for project enterprise labor resources, and includes working days and hours and any exceptions, such as holidays.
Primary project role
Select the primary project role for resources that are created based on the condition. Project roles are maintained in Oracle Fusion Project Management.
Cost rate and currency
Enter the cost rate and currency for resources that are created based on the condition.
Bill rate and currency
Enter the bill rate and currency for resources that are created based on the condition.

NEW QUESTION # 49
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