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Oracle 1z0-1057-24 Exam Syllabus Topics:

Topic	Details
Topic 1	Using Functional Setup Manager: This section measures the skills of functional setup managers and focuses on understanding the Functional Setup Manager and the Rapid Implementation Workbook, which are essential for configuring and deploying Oracle Project Management Cloud applications.
Topic 2	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.
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	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 5	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 6	Describing Navigation, User Experience, Personalization, and Approvals: Targeting user experience designers, this section evaluates knowledge of business processes supported by approvals and workflows, setting up approval and notification tasks, and concepts related to navigation, user experience, and personalization within the application.
Topic 7	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.

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Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q65-Q70):

NEW QUESTION # 65
In a Project Draft Invoice preview, quantity (hours) and unit price (bill rate) are shown as fields on the invoice. Quantity and unit price are then used to calculate the line total, then the total price of the invoice.
After the invoice is transferred or created in Receivables, the invoice detail has a quantity of 1, and a unit price equal to the line total. The detailed Unit Price/Quantity does not come through on the Receivables invoice.
Identify the correct statement about details in the receivables invoice. (Choose the best answer.)

A. The project sends only the invoice header to Receivables, not the invoice line description and distributions.
B. The project sends only the invoice header and invoice line description to Receivables, not the invoice distributions.
C. The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.
D. The project sends the invoice line description and the invoice distributions to Receivables, but not the invoice header.

Answer: B

Explanation:
When a project invoice is transferred or created in Receivables, the project sends only the invoice header and invoice line description to Receivables, not the invoice distributions. The invoice distributions contain the detailed information such as quantity, unit price, and line total. Therefore, the Receivables invoice does not show these details, but only shows a quantity of 1 and a unit price equal to the line total.Reference:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-invoices.
html#OAPFM2355931

NEW QUESTION # 66
Which product offering enables you to collaboratively plan and deliver projects by leveraging intuitive and integrated scheduling tools?

A. Resource Management
B. Project Management
C. Project Control
D. Project Costing

Answer: B

Explanation:
Project Management is the product offering that enables you to collaboratively plan and deliver projects by leveraging intuitive and integrated scheduling tools. Project Management allows you to create and manage project plans, tasks, deliverables, issues, milestones, gates, etc. using various methods and sources. You can also monitor and control project progress and performance using dashboards and reports. Resource Management is the product offering that enables you to optimize the utilization and allocation of resources for projects and tasks. Resource Management allows you to create and manage resource requests, assignments, pools, calendars, etc. using various criteria and sources. You can also monitor and analyze resource availability and demand using dashboards and reports. Project Control is the product offering that enables you to simplify the planning, budgeting, and forecasting capabilities for projects and tasks. Project Control allows you to create and manage project budgets, forecasts, financial plans, etc. using various methods and sources.
You can also monitor and control project costs and variances using dashboards and reports. Project Costing is the product offering that enables you to capture and process project costs from various sources and applications. Project Costing allows you to create and manageproject transactions, expenditures, assets, etc.
using various rules and options. You can also generate project costing and accounting entries using dashboards and reports. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c
/oapfm/overview-project-financial-management.html#OAPFM2356301

NEW QUESTION # 67
You have closed the project accounting period with a warning, but you are unable to close the accounting period due to an error.
Identify two reasons for this problem. (Choose two.)

A. Unaccounted transactions have not been swept to the next period.
B. Pending burden summarization items have not been processed.
C. Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.
D. The corresponding Oracle Payables Cloud accounting period has not been closed.
E. Unaccounted transactions are not imported.

Answer: A,C

Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjb/record-accounting-for- project-billing.html#OAPJB340382 Topic - Accounting Period and Project Accounting Period Closing: How Validation Works

NEW QUESTION # 68
Which two statements are true about a project in "Draft" status? (Choose two.)

A. Project managers can view draft projects on the Project Manager Dashboard and use the projects for requirements planning.
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. Team members can see the tasks from draft projects on the Team Member Dashboard or in the My Work area.

Answer: A,B

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 # 69
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. Cost
B. Time
C. Asset
D. Both Time and Cost

Answer: B

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 # 70
......

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