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Oracle 1z0-1057-24 Exam Syllabus Topics:

Topic
Details

Topic 1

Configure Project Management: Aimed at project execution managers, this section describes common project execution components, managing issues and deliverables, project requirements, configuring social networks for project execution, managing project gates, and using Application Composer for project execution management to ensure seamless project operations.

Topic 2

Configure Project Costing: Aimed at cost management analysts, this section covers configuring the Project Cost Collection Center, managing burdening and allocations, explaining capitalized interest calculations, describing budgetary controls, configuring Time & Labor for projects, and managing integrations to ensure accurate project costing.

Topic 3

Configure Project Control: This section measures the skills of project control specialists and focuses on managing project budgets and forecasts to maintain control over project financials and performance.

Topic 4

Configure Project Performance Reporting: This section assesses the skills of performance reporting analysts and includes configuring and managing key performance indicators for project performance reporting to monitor and evaluate project success effectively.

Topic 5

Describing Applications Security: Aimed at security administrators, this section covers the Applications Security Console, identification of roles in a seeded security implementation, and management of roles and duties to ensure secure access and operations.

Topic 6

Configure Project Resource Management: This section measures the skills of resource managers and focuses on defining project enterprise labor resources to optimize resource allocation and utilization.

Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q108-Q113):

NEW QUESTION # 108
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. Event completion flowsfrom Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.
C. Summarized actual quantity and cost flowfrom Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
D. Projects and task definitions flowfrom Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
E. Billing events flow from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.

Answer: B,C,D

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 centrallyperform project costing, billing, accounting, and executive reporting tasksin Oracle FusionProject Portfolio Managementwhileenabling each project manager to perform detailed project planning and scheduling in Primavera P6Enterprise 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 # 109
When scheduling the Update Project Performance Data process to run on a periodic basis, which summarization method would you select? (Choose the best answer.)

A. Incremental
B. Detail
C. Summary
D. Bulk

Answer: A

Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project- organizations.html#OAPFM177674 Settings That Affect Performance Data Summarization You can summarize performance data for a project unit, business unit, a range of projects, or projects managed by a project manager. When you run the Update Project Performance Data process from the Scheduled Processes page, select one of the summarization methods from the following table:
Summarization Method
Usage
Incremental
Summarizes new transactions that are yet to be summarized
Delete and re-summarize
Correct summary data when the source system data changes outside the regular transaction flow.
Do not use this summarization method when you run the Update Project Performance Data Without Producing Report process unless you are advised to do so.
Resource breakdown structure
Migrate all summary data from one resource breakdown structure version to the next.
If you select this option, you must also specify the resource breakdown structure header.

NEW QUESTION # 110
Which two statements are true about the cross-charge method, Borrowed and Lent?

A. This method creates a formal internal invoice.
B. This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations within a legal entity.
C. You must set up the contract business unit to use this method.
D. Costs or revenue are shared based on transfer price rules with this method.

Answer: B,D

Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjc/process-project-cost- transactions.html#OAPJC284872 What's a borrowed and lent processing method?
A method of processing cross-charge transactions that generates accounting entries to share revenue or transfer costs from theprovider organization to the receiver organization within a legal entity.An internal invoice isn't created but costs or revenue are sharedbased on the transfer price rules.This method provides a financial view of the performance of an organization.

NEW QUESTION # 111
Shift is one of the key elements in defining project and resource calendars.
Which two additional key elements are required to define the project and resource calendars? (Choose two.)

A. Time off
B. Accounting Calendar
C. Expenditure Type
D. Schedule Exceptions
E. Workday Patterns

Answer: D,E

Explanation:
Shift is one of the key elements in defining project and resource calendars. Two additional key elements that are required to define the project and resource calendars are:
* Schedule Exceptions: These are dates or periods that override the regular workday patterns and shifts of a calendar. They can be used to define holidays, vacations, or other special events that affect the availability of resources or projects.
* Workday Patterns: These are patterns of working and nonworking days that repeat over a period of time. They can be used to define the standard working days and hours for a calendar. Time off, expenditure type, and accounting calendar are not key elements in defining project and resource calendars. Time off is an attribute of a resource assignment that reduces the availability of a resource.
Expenditure type is a classification of costs that determines how they are processed and accounted.
Accounting calendar is a calendar that defines the accounting periods and dates for transactions.
Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage- project-resources.html#OAPFM2356131

NEW QUESTION # 112
Your organization has a requirement to send notifications to the owners of the associated tasks when the status of a deliverable is set to Complete. You have been asked to evaluate generate public events for project deliverable status changes feature to manage this requirement.
Which two statements are true about this feature? (Choose two.)

A. The public event is generated when a deliverable is created or deleted.
B. The public event is not generated when a deliverable is created or deleted.
C. The public event is not generated when the priority of a deliverable changes.
D. The public event is generated when the progress status for a deliverable changes.

Answer: B,D

Explanation:
The generate public events for project deliverable status changes feature is a feature that allows you to send notifications or trigger actions when the progress status of a deliverable changes from one value to another.
For example, when the status of a deliverable is set to Complete, you can send a notification to the owners of the associated tasks or update the status of the tasks accordingly. Two statements that are true about this feature are:
* The public event is not generated when a deliverable is created or deleted. This feature only generates events when the progress status of a deliverable changes, not when a deliverable is added or removed from a project or task.
* The public event is generated when the progress status for a deliverable changes. This feature generates events when the progress status of a deliverable changes from one value to another, such as from Not Started to In Progress, or from In Progress to Complete. You can define rules and actions for each progress status change using Business Process Management (BPM) Worklist. The public event is also not generated when the priority of a deliverable changes, as this feature only generates events when the progress status of a deliverable changes. Reference: https://docs.oracle.com/en/cloud/saas/project- portfolio-management/20c/oapfm/manage-project-execution.html#OAPFM2356211

NEW QUESTION # 113
......

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