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Oracle 1z0-1057-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 3	Setting up Common Project Configuration: Targeting project configuration specialists, this section involves managing Subledger Accounting, setting up Project Financial Management Organizations, and managing Reference Data Sharing to ensure consistent and accurate financial reporting.
Topic 4	Using Program Management: Targeting program managers, this section involves using program management and reporting tools to oversee multiple projects and ensure alignment with organizational objectives.
Topic 5	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 6	Project Management Overview: This section assesses the skills of project management consultants and focuses on understanding the components of Oracle Project Management Cloud, including its integration capabilities.
Topic 7	Configure Project Foundation: This section assesses the skills of project foundation specialists and includes setting up project calendars and periods, defining types and categorizations, managing project resources, describing rate schedules, project types, setting up transaction sources, and managing labor schedules to establish a solid foundation for project management.
Topic 8	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.

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Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q52-Q57):

NEW QUESTION # 52
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.)

A. The employee is not assigned with a supervisor.
B. Project roles are not assigned in the project.
C. The employee is not assigned to the project-owning organization.
D. The employee is not assigned to a department.

Answer: D

Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation- configuration-define-project-resource-breakdown-structures.html#OAPFM180158_2 Why can't I find persons in the list of resources when I enter team members, planning resources, or person rate schedules?
You can't find persons in the list of resources when you enter team members, planning resources, or person rate schedules in the following situations:
* The administrator didn't assign adepartmentwhile creating users. Persons must have an active assignment andbe assigned to a departmentin Oracle Fusion Human Capital Management before they can be added as team members or entered as resources on the planning resource breakdown structure or person rate schedule.
* The resource isn't active in Oracle Fusion Human Capital Management because the current date is before the effective date of the resource. If you want to include persons who will start in the future, select the Include people with future-dated effective start dates option when you search for the person.
* Persons assigned as project managers aren't active as of the project start date.
* The assignment of the person is terminated, and an appropriate value isn't set for the number of days to display people with terminated assignments. You can set the profile value appropriately at the site profile level using the Specify Number of Days to Display People with Terminated Assignments task in the Setup and Maintenance work area.

NEW QUESTION # 53
A consulting services company is currently working on a business transformation project for your client, which spans multiple years. At the first period close, the consulting services company has recognized revenue and the accounting entry created is:
Dr Unbilled Receivables 40,000
Cr Revenue 40,000
At the end of the period, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)

A. Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000
B. Dr Accounts Receivables 40,000Cr Revenue 40,000
C. Dr Unearned Revenue 40,000Cr Revenue 40,000
D. Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000

Answer: D

Explanation:
When the invoice is created, the unbilled receivables balance is reduced and the accounts receivables balance is increased by the invoice amount. This is because the revenue has already been recognized and the invoice is just a request for payment from the customer.Reference:https://docs.oracle.com/en/cloud/saas/project- portfolio-management/20c/oapfm/project-accounting.html#OAPFM2355710

NEW QUESTION # 54
Your customer complains that their project resources do not report their time promptly, which has resulted in incorrect reporting of project performance. What should you do to fix this problem? (Choose the best answer.)

A. Enable track missing time at business unit.
B. Enable track missing time atproject unit.
C. Enable track missing time at project template.
D. Enable track missing time at project type.

Answer: B

Explanation:
To fix the problem of project resources not reporting their time promptly, you should enable track missing time at project unit. This option allows you to track and report on missing time entries for project resources based on their work assignments and schedules. You can also set up notifications and reminders to prompt resources to enter their time on a regular basis. Reference:https://docs.oracle.com/en/cloud/saas/project- portfolio-management/20c/oapfm/manage-project-time-and-labor.html#OAPFM2356011

NEW QUESTION # 55
Which three are valid password complexity criteria while setting up password policies? (Choose three.)

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

Answer: B,C,E

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 # 56
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.)

A. 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.
B. 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.
C. If one branch contains a user-defined resource type, precedence is given to the branch that contains a user-defined resource type.
D. If there is only one level in RBS to which the transaction maps, the cost amounts are mapped to that level.

Answer: B,D

Explanation:
Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22598/F458900AN13D82.htm How Resource Mapping Is Calculated You can track the cost impact of every resource that has been assigned to a project task and use the resource breakdown structure to view the breakdown of these costs. Oracle Fusion Projects associates the costs of the resources used for tasks with branches and levels in the resource breakdown structure. The process for determining the correct association is managed by rules of precedence.
Oracle Fusion Projects uses the followingrules to associate cost amounts with resources:
* Select thelowest levelin the resource breakdown structure to which atransaction can map.
* If there is only one level to which the transaction maps, the cost amounts are mapped to that level.
* If the transaction maps to more than one level, Oracle Fusion Projects sums the precedence numbers for all resource types in the branch and gives precedence to the resource element in thebranch with the lowest sum.
* If more than one branch has the lowest precedence number at the lower level, the application uses the precedence number of thenext level up.
* If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with the lowest number at the lowest level.
* If one branch contains a user-defined resource type, precedence is given to the branch thatdoes not contain a user-defined resource type.
NoteOracle Fusion Projects gives more precedence to a lower precedence number. For example, a resource element with a precedence number of 1 is given precedence over a resource element with a precedence number of 10.

NEW QUESTION # 57
......

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ORACLE 1Z0-1057-24 LATEST EXAM ONLINE, TEST 1Z0-1057-24 SIMULATOR FEE

Oracle 1z0-1057-24 Latest Exam Online, Test 1z0-1057-24 Simulator Fee