New (2023) Oracle 1z0-1057-22 Exam Dumps [Q65-Q82]

New (2023) Oracle 1z0-1057-22 Exam Dumps

Best Way To Study For Oracle 1z0-1057-22 Exam Brilliant 1z0-1057-22 Exam Questions PDF

Oracle 1z0-1057-22, also known as Oracle Project Management Cloud 2022 Implementation Professional, is a certification exam that validates the knowledge and skills of professionals who implement and manage Oracle Project Management Cloud solutions. 1z0-1057-22 exam is designed to test the candidates' understanding of project management principles, project planning and execution, resource management, financial management, and reporting and analytics in the context of Oracle Project Management Cloud.

 

NEW QUESTION # 65
Your organization wants to capture the project details for work order labor and equipment resource transactions as part of a project-driven supply chain solution.
Which expenditure type class is recommended for the expenditure types that need to be defined for these type of transactions?

• A. Work In Process
• B. Inventory
• C. Usages
• D. Supplier Invoice

Answer: D

NEW QUESTION # 66
Where is the Allow Override option for the Default Capitalized Interest Rate Schedule specified?

• A. Manage Capitalized Interest Rate Schedules page
• B. Manage Expenditure Type page
• C. Manage Project Type page
• D. Manage Capitalized Interest Rates page
• E. Manage Project Plan Type page

Answer: D

NEW QUESTION # 67
Which two attributes are available while enabling a task as a business object for social networking?

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

Answer: C,D

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 # 68
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?

• A. Posted
• B. Hold
• C. New
• D. Post

Answer: D

NEW QUESTION # 69
Your client is involved in automation control systems installation. Over the years, they have analyzed their total project spend on specific resource classes. They have identified that their cost spread distribution factor on a 10 spread point scale resembles:
0-4-10-11-14-13-10-4-0-0. Identify two ways to handle this kind of a spread on their budgets and forecasts. (Choose two)

• A. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to a project template.
• B. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to the resource class.
• C. Use the predefined S-Curve spread with small deviations on the spread points.
• D. Use the predefined Bell Curve spread with small deviations on the spread points.

Answer: A,B

Explanation:
To handle a custom spread on budgets and forecasts, you can either create a new spread curve or edit an existing one to match the desired spread points. Then, you can attach the spread curve to a project template or a resource class, depending on whether you want to apply it to all projects using that template or all transactions using that resource class. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/define-project-budgets-and-forecasts.html#OAPFM2355819

NEW QUESTION # 70
Your client has implemented Oracle Cloud Applications with their United States business unit and United Kingdom business unit. After six months, they acquired another company in China and added a China business unit. A project accountant in your organization is authorized to access transactions for the US, UK, and China business units. The project accountant can see the transactions for the US and UK business units but not for the China business unit. Why is he not able to see the transactions for the China business unit? (Choose the best answer.)

• A. The project accountant is not assigned to the external role that grants access to the China business unit.
• B. The China business unit is associated with a different legal entity than the US and UK business units.
• C. The JOB role relevant to the China business unit is not assigned to the project accountant.
• D. The US and UK business units are linked to different ledgers than the China business unit.

Answer: A

NEW QUESTION # 71
You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they review the rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month. Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)

• A. Define allocation basis by using Actual Amounts with a project-to-date amount class.
• B. Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task during the previous accounting period.
• C. Define allocation basis by using Actual Amounts with a period-to-date amount class.
• D. Allocate rental costs once each accounting period by using the "spread evenly" allocation method.
• E. Allocate rental costs once each accounting period by using the "full" allocation method.

Answer: B,C,E

Explanation:
To allocate the rental cost to the projects and tasks based on the raw costs of the tasks from the previous month, you need to do the following:
Allocate rental costs once each accounting period by using the "full" allocation method. This method allocates the entire source amount to the target tasks in one run.
Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task during the previous accounting period. This ensures that the source amount is proportionally allocated to the tasks based on their relative raw costs.
Define allocation basis by using Actual Amounts with a period-to-date amount class. This allows you to use the actual raw costs of the tasks as the basis for allocation and to use the amounts from the previous accounting period. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2355951

NEW QUESTION # 72
Which data format is supported by SOAP Web services to establish communication between web services consumers and web services providers?

• A. CSV
• B. XLSX
• C. XML
• D. JSON

Answer: A

NEW QUESTION # 73
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. Standard Unit Cost
• B. Current Cost
• C. Estimated 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 # 74
Which two statements describe how the Resource Qualification Score is calculated?

• A. An individual's score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.
• B. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification that meets the specified proficiency.
• C. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have the qualification.
• D. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification with a proficiency that is lower or higher than specified.

Answer: B,D

NEW QUESTION # 75
Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs for rate-based planning resources. (Choose the best answer.)

• A. Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule
• B. Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule
• C. Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule
• D. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule
• E. Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate

Answer: D

Explanation:
Reference https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_8718794B26A7BB93E040D30A688149A3

NEW QUESTION # 76
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 the invoice line description and the invoice distributions to Receivables, but not the invoice header.
• C. The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.
• D. The project sends only the invoice header and invoice line description to Receivables, not the invoice distributions.

Answer: C

NEW QUESTION # 77
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.)

• A. Cost
• B. Effort
• C. Remaining Plan
• D. Manual Entry

Answer: A

Explanation:
Reference https://ppm-help.saas.hpe.com/en/9.42/Help/Content/UG/PjMUG/view_pj_cost_data_costtab.htm Below is an example of the Financial Summary view on the Cost tab of the Project Overview page.

NEW QUESTION # 78
Which four standard objects can you configure to include business specific attributes by using Application Composer for Project Execution Management? (Choose four.)

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

Answer: A,B,C,E

NEW QUESTION # 79
Identify the attribute of a project type that determines if expenditure items are billable, and the amount type to be used as the basis for transfer pricing. (Choose the best answer.)

• A. work type
• B. expenditure type
• C. event type
• D. cost type

Answer: A

Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125361.htm#OAPFM1125277 (what's a work type?) In billing, you can use work types to classify work for the following purposes:
To determine the default billable status of expenditure items.
To classify cross-charge amounts into cost and revenue for cross-charge transactions.
Tip: To use work types to determine whether an expenditure item is billable you must set the profile option Work Type Derived for Expenditure Item to Yes.
When you create or import expenditure items, the default work type is inherited from the associated task. Tasks, in turn, inherit work type values from parent tasks and ultimately from the project. Project types determine the default work type value for projects and project templates.

NEW QUESTION # 80
Your customer started operations and all projects in January 2015. They implemented Enterprise Project Structure for calculating project labor demand by using the Annual option. When they view the labor demand on 15-Dec-2015, the project hierarchy viewer shows data only for the year 2015. The client expected the demand to be shown for a year, from 15-Dec-2015 to 15-Dec-2016.
Identify how the project hierarchy viewer displays labor demand information. (Choose the best answer.)

• A. The current date is used for calculating labor demand for the current year.
• B. The date entered by a user as a parameter when running the Update EPS job was set to 01-Jan-2015, and hence the calculations show results for the year 2015.
• C. The current period start date is used for calculating labor demand for the current year.
• D. The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.

Answer: A

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/analyze-project-management-performance.html#OAPEM1313471 Topic - Project Labor Demand: How It's Calculated Settings That Affect Project Labor Demand Project application administrators must do the following to set up how project labor demand is calculated:
Organize projects into hierarchical groups on the Manage Enterprise Project Structure page.
Change the quarterly FTE hours for the organization on the Define Project Management Implementation Options page, if different from 520 hours.
Note: You can choose to view labor demand annually instead of quarterly. The Project Hierarchy Viewer uses the current date to determine which year or quarter to display.

NEW QUESTION # 81
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?

• A. Hold
• B. Posted
• C. New
• D. Post

Answer: A

Explanation:
If the Require Complete Asset Definition option is enabled on a project type, the "Transfer Assets to Oracle Fusion Assets" process will place asset lines with complete definition into the Hold queue in Oracle Fusion Assets. This queue holds the asset lines that require manual review and approval before they can be posted to the asset register. Asset lines with incomplete definition will be placed into the Error queue in Oracle Fusion Assets. This queue holds the asset lines that have errors or missing information that need to be corrected before they can be transferred to the Hold queue. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-assets.html#OAPFM2356041

NEW QUESTION # 82
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Oracle 1z0-1057-22 exam covers a range of topics related to project management, including project planning and execution, project financial management, project risk and issue management, and project performance management. 1z0-1057-22 exam also tests candidates' knowledge of Oracle Project Management Cloud features and functionality, including project structures, project contracts, project billing, and project reporting. Successful candidates will be able to demonstrate their ability to implement Oracle Project Management Cloud solutions that meet the needs of their organizations and clients, and will be recognized as experts in the field of project management.

Oracle 1z0-1057-22 certification exam is designed for professionals who want to prove their expertise in implementing Oracle Project Management Cloud 2022 solutions. 1z0-1057-22 exam validates the candidate's knowledge and skills in areas such as project planning and execution, resource management, financial management, project collaboration, and reporting. Oracle Project Management Cloud 2022 Implementation Professional certification demonstrates that the candidate has a deep understanding of Oracle Project Management Cloud 2022 and can effectively implement it in real-world scenarios.

 

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