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Oracle 1z0-1057-24 Oracle Project Management Cloud 2024 Implementation Professional Exam Practice Test

Demo: 37 questions
Total 126 questions

Oracle Project Management Cloud 2024 Implementation Professional Questions and Answers

Question 1

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?

Options:

A.

Both Time and Cost

B.

Cost

C.

Asset

D.

Time

Question 2

You configure one OTBI using Project Cross Subject Area Analysis Real Time. You notice that all measures (Budget, Forecast, Cost, Commitments, Revenue, and Invoice) are not available for Bill-To-Customer and Contract and Contract Line dimensions. Identify the reason for this behavior. (Choose the best answer.)

Options:

A.

The Bill-To-Customer dimension applies only to Invoice measures, but the Contract and Contract Line dimensions do not apply to Revenue and Invoice measures.

B.

The Bill-To-Customer dimension applies only to Revenue and Invoice measures.

C.

The Contract and Contract Line dimensions apply only to Invoice measures.

D.

The Bill-To-Customer dimension applies to Invoice measures, and the Contract and Contract Line dimensions apply to Revenue and Invoice measures.

E.

The Bill-To-Customer dimension does not apply to Invoice measures, but the Contract and Contract Line dimensions apply only to Revenue and Invoice measures.

Question 3

Which data format is supported by SOAP Web services to establish communication between web services consumers and web services providers?

Options:

A.

CSV

B.

XML

C.

JSON

D.

XLSX

Question 4

Your organization has created an Enterprise Project Structure (EPS) and your executives review the overall project labor demand by using the EPS. Identify two correct statements about the periodic project labor demand. (Choose two.)

Options:

A.

Labor Demand FTE is calculated as Quarterly Allocation hours divided by Quarterly FTE hours, if a quarter is used as the basis for viewing labor demand.

B.

Labor Demand FTE is calculated as Yearly Allocation hours divided by Yearly FTE hours, if a year is used as the basis for viewing labor demand.

C.

Labor Demand FTE is calculated as Project Allocation hours divided by Project FTEhours, if project duration is used as the basis for viewing labor demand.

D.

Labor Demand FTE is calculated as Monthly Allocation hours divided by Monthly FTE hours, if a period is used as the basis for viewing labor demand.

Question 5

Whichtwoattributes are available while enabling a task as a business object for social networking?

Options:

A.

Task

B.

Project Number

C.

Task Number

D.

Creation Date

E.

Project

Question 6

Your customer has the following setups on the project plan type that they are using for their projects:

Use Task Planned Dates as Task Assignment Dates = Yes

Automatically Roll Up Task Planned Dates = Yes

Synchronize Task Transaction Dates with Planned Dates = No

With these setups in place, you perform the following actions:

1. Create a new subtask (Sub Task 1) with a start date of 15-Jun-2016 on the project that has as start date of 01-Jul-2016.

2. Create another new subtask (Sub Task 2) after the previous action is saved.

What would the correct behavior of the application be after these actions? (Choose the best answer.)

Options:

A.

After the creation of Sub Task 1, Project Start Date would remain unchanged as 01-Jul-2016 and Sub Task 2 would be created with 15-Jun-2016.

B.

After the creation and saving of Sub Task 1, Task Start Date would be changed to 01-Jul-2016 and Sub Task 2 would be created with 01-Jul-2016.

C.

After the creation of Sub Task 1, Project Start Date would be changed to 15-Jun-2016 and Sub Task 2 would be created with 15-Jun-2016.

D.

Project Start Date would remain unchanged as 01-Jul-2016 for both actions but the start dates on both subtasks would remain 15-Jun-2016.

Question 7

Which component provides a human workflow service that handles all interactions with users or groups in business processes?

Options:

A.

Security Console

B.

SOA Suite

C.

Subledger Accounting

D.

BPM Worklist

Question 8

Which four notification templates are predefined?

Options:

A.

Password Reset Template

B.

New Account Template

C.

Forgot Password Template

D.

Forgot Username Template

E.

New Account Manager Template

Question 9

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

Options:

A.

Internal Invoice is not generated with this method.

B.

This method allows you to process cross charge transactions across legal entities.

C.

This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations

D.

You must set up a contract business unit to use this method.

Question 10

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.)

Options:

A.

The “Require Task Managers to be Project Team Members” profile option is set to No.

B.

The “Require Task Managers to be Project Team Members” profile option is set to Yes.

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.

Question 11

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.)

Options:

A.

Daily Spread Basis

B.

Back Loaded

C.

Bell Curve

D.

S-Curve

E.

Even

Question 12

Which application generates external roles to grant both function and data security? (Choose the best answer.)

Options:

A.

Authorization Policy Manager

B.

Oracle Identity Manager

C.

Business Process Manager

D.

Functional Setup Manager

Question 13

Which three can be tracked as Status tracking for Project Invoice Approval Notifications? (Choose three.)

Options:

A.

Person assigned for approval

B.

Prior actions

C.

Pre-approval activities

D.

Date-wise updates to the document

E.

Persons with whom it is still pending approval

Question 14

Your customer has implemented Oracle Project Portfolio Management Cloud recently and they have hired new employees for their Professions Services business. These employees are set up in Oracle Human Capital Management Cloud, but the Project Administrators are unable to add them as resources in the Planning Resource Breakdown Structure.

What are three conditions for new employees to show up in the list? (Choose three.)

Options:

A.

Current date is before the effective date of the resource, and you did not enable the “Include people with future-dated effective start dates” option during the search.

B.

All new employees created as persons must have an active supervisor.

C.

All new employees created as personsmust be assigned to a department.

D.

All new employees created as personsmust have an active assignment.

E.

All new employees created as persons must have an active project role.

Question 15

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?

Options:

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 business unit 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-owning organization in which the transaction is performed.

Question 16

Your customer has separate organizations to maintain indirect, capital, and billing types of projects.

Identify the two setups that can be used to fulfill this requirement. (Choose two.)

Options:

A.

Project Type

B.

Business Unit

C.

Project Organization Classification

D.

Organization Tree

E.

Project Accounting Business Function

Question 17

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.)

Options:

A.

Expenditure Type

B.

Task

C.

Top resource

D.

Expenditure Category

E.

Project

Question 18

Stigma consulting has been hired by a client to implement Project Management Cloud. Which role should they assign to a user for using the rapid implementation feature to set up the Project Financial Management offering by populating and uploading a Microsoft Excel workbook?

Options:

A.

Project Executive

B.

Project Integration Specialist

C.

Project Administrator

D.

Project Application Administrator

Question 19

Select two correct statements about project classifications on a template. (Choose two.)

Options:

A.

Set Code isnotrequired for a project class category in a project classification.

B.

Project Classification is a mandatory field on a project template.

C.

When a project is created from a template, the required project classifications must be entered.

D.

Project class category in a project classification must be associated with a Set Code.

Question 20

You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitment for $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

Options:

A.

1000

B.

900

C.

800

D.

600

Question 21

Which setup option is common to both financial and project plan types?

Options:

A.

Manage the options for creating control budgets in Oracle Fusion Budgetary Control.

B.

Enable the entry of plan amounts in currencies other than the project currency.

C.

Identify whether the plan type is the default selection when you create budget or forecast versions.

D.

Enable the use of a workflow for managing budget or forecasting status changes.

Question 22

You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Portfolio Management with tasks and subtasks applicable to each of the phases of the project: Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want todefine deliverables for your project requirementsthat are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works. Identify the two correct statements in this respect. (Choose two.)

Options:

A.

A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.

B.

The association of a deliverable with a task is dependent on associating a requirement with a task.

C.

A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.

D.

You associate a deliverable with a task, independent of associating a requirement with a task.

Question 23

You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)

Options:

A.

On Hold > Pending Acceptance > Active

B.

On Hold > Pending Approval > Active

C.

Pending Approval > Pending Acceptance > Active

D.

Pending Acceptance > Pending Approval > Active

Question 24

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.)

Options:

A.

Effort

B.

Cost

C.

Manual Entry

D.

Remaining Plan

Question 25

When setting up capitalization options on a project type, you have decided to enable the Require Complete Asset Definition option. If this option is enabled, the "Transfer Assets to Oracle Fusion Assets" process will place asset lines with complete definition into which queue in Oracle Fusion Assets?

Options:

A.

New

B.

Hold

C.

Posted

D.

Post

Question 26

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.)

Options:

A.

The public event is not generated when the priority of a deliverable changes.

B.

The public event is not generated when a deliverable is created or deleted.

C.

The public event is generated when a deliverable is created or deleted.

D.

The public event is generated when the progress status for a deliverable changes.

Question 27

You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for a billable expenditure item and active contract, the process completessuccessfully but without any billing, and does not provide any error logs.

The program’s processing summary is as follows:

Billing Event Errors 0

Ineligible Contracts 0

Successfully Billing Events Created 0

Ineligible Contract Lines 0

Billing Transaction Exception Errors 0

Ineligible Bill Plans 0

Billing Transaction Exception Warnings 0

Ineligible Associated Projects 0

Successful Billing Transactions 0

Ineligible Expenditure Items 0

Draft Invoice Exception Errors 0

Ineligible Events 0

Draft Invoice Exception Warnings 0

Successful Draft Invoices 0

What was the invoice method classification set to that caused this behavior? (Choose the best answer.)

Options:

A.

Amount Based

B.

Rate Based

C.

As Incurred

D.

Percent Complete

Question 28

Your client uses Resource Breakdown Structures (RBS) and Resource Mapping to associate amounts to resources. After making some changes to the resources at project level, forecasts are regenerated. After reviewing the cost amounts associated with the resources, you suspect that the cost association does not match your client's expectations. Identify two valid rules based on which cost association works. (Choose two.)

Options:

A.

If one branch contains a user-defined resource type, precedence is given to the branch that contains a user-defined resource type.

B.

If a transaction maps to more than one level, Oracle PPM Cloud sums the precedence numbers for all resource type in the branch and gives precedence to the resource element in the branch with the highest sum.

C.

If there is only one level in RBS to which the transaction maps, the cost amounts are mapped to that level.

D.

If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with thelowest number at the lowest level.

Question 29

Your customer wants to see how quantity, cost, and revenue amounts are automatically distributed by using Spread Curve. Identify two period options that are available for this purpose. (Choose two.)

Options:

A.

Calendar Types

B.

Project Accounting Periods

C.

Accounting Periods

D.

PA Calendar

E.

PA-GL Periods

Question 30

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

Options:

A.

Prepare setup data.

B.

Import Projects.

C.

Generate CSV files.

D.

Upload setup data.

E.

File Import and Export.

Question 31

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

Options:

A.

creating projects and tasks in the context of backlog items.

B.

creating issues for the backlog items.

C.

adding scrum master to backlog items.

D.

tracking backlog item status from the requirement storyboard.

E.

creating change orders for the backlog items.

Question 32

When implementing Project Performance Reporting, your customer has the following requirements:

    Every time a project cost is greater than or equal to a threshold, then the project should be shown as critical.

    As long as a project cost is less than the threshold, the project should be shown as on-track.

Which threshold level rule is ideal for this kind of KPI definition? (Choose the best answer.)

Options:

A.

multiple threshold levels

B.

single threshold level value

C.

single threshold level range

D.

multiple threshold level value

Question 33

A project administrator is trying to assign a team member for a project but cannot find the person in the team member list on the Project Definition page. What is the reason for this problem? (Choose the best answer.)

Options:

A.

The employee is not assigned to the project-owning organization.

B.

The employee is not assigned with a supervisor.

C.

Project roles are not assigned in the project.

D.

The employee is not assigned to a department.

Question 34

You search for resources to fulfill a project resource request but are unable to proceed after receiving the following error message: “The search for resources cannot be completed because the project resource search index is not available. Contact your help desk.”

Identify the cause for this error message. (Choose the best answer.)

Options:

A.

The index is not in the process.

B.

The index has been built.

C.

The index is in the process of being updated.

D.

The most recent update of the index finished successfully.

Question 35

Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)

Options:

A.

Project Contract-based costing

B.

Project Contract-based billing

C.

Project Contract Collection Center

D.

Contract Team Connect

Question 36

Your customer wants a team member who is assigned to a project to beable to create and submit a forecast, butnot to be able to approve the forecast. What is the default project role that you should assign to the person in the project to meet this requirement? (Choose the best answer.)

Options:

A.

Project Manager

B.

Project Administrator

C.

Project Application Administrator

D.

Project Accountant

Question 37

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.)

Options:

A.

Cascade change to the start date.

B.

Do not cascade date changes.

C.

Cascade change to the finish date.

D.

Cascade change to the start date and the finish date.

Demo: 37 questions
Total 126 questions