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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionWeightObjectives
Project Planning, Control and Forecasting15%- Define project budgets and forecasts
- Set up project controls and performance tracking
- Manage project schedules and progress
Project Billing and Revenue Management20%- Manage contract billing and revenue accounting
- Set up revenue recognition and invoicing
- Configure cross-charging, transfer pricing
Functional Setup Manager and Implementation10%- Configure and manage implementation projects
- Use Rapid Implementation Workbook
Resource Management10%- Manage resource allocation and utilization
- Configure enterprise resource setup
Program Management and Reporting10%- Configure project performance reporting and KPIs
- Set up programs and hierarchies
Project Costing20%- Set up budgetary controls and cost controls
- Configure cost collection, allocations, burdening
- Integrate with Time and Labor
Project Management Cloud Overview and Common Configuration15%- Describe architecture and components
- Configure enterprise settings, reference data sharing
- Set up calendars, periods, rate schedules, transaction sources
- Manage security, roles, duties and user experience

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

Question 1

While creating a new project template, you notice that a default Asset Cost Allocation method is being automatically associated. Identify the source setup from which the default value is being inherited. (Choose the best answer.)

A. project classification
B. project type
C. project organization
D. project unit


Question 2

Your organization has a requirement to create and apply a new theme for the application user interface.
Which option allows you to achieve this requirement?

A. Structure Page
B. Setup and Maintenance Work Area
C. User Interface Text
D. Appearance Page


Question 3

A consulting services company is currently working on a business transformation project for your client that spans over 10 months. The total contract amount is 250000 USD. They have generated a revenue of 25000 USD and an Invoice of 10000 USD at the end of the first period.
The accounting entry for revenue is:
and accounting entry for invoice is:

What will be the accounting entry when you reclassify the billing offset balances in the first period?

A. Dr Unbilled Receivables 10000 -
B. Dr Deferred Revenue 10000 -
C. Dr Accounts Receivables 10000 -
D. Dr Accounts Receivables 10000 -


Question 4

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 at project template.
C. Enable track missing time at project type.
D. Enable track missing time at project unit.


Question 5

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?

A. Project
B. Expenditure Category
C. Top resource
D. Expenditure Type
E. Task


Solutions:

Question 1
Answer: D
Question 2
Answer: C
Question 3
Answer: C
Question 4
Answer: D
Question 5
Answer: D

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