Free 1Z0-1057-22 Exam Dumps PDF Preview

Question 1

Multiple choice

You want to create a few project roles so as to restrict access in the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member.

What are the two default project roles available to meet this requirement? (Choose two.)

A
Project Executive - Security based on Project Hierarchy
B
Project Accountant - Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
C
Project Manager - Security based on Project Assignment
D
Project Billing Specialist - Security based on Contract BU
E
Project Team Member - Security based on Project Assignment

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Correct answersC, E

Explanation

Ref:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracle-fusion-project-portfolio-management.html#FASER1840867

Question 2

Single choice

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.)

A
1000
B
900
C
800
D
600

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Correct answerB

Explanation

Budget 5,000 Actuals 800 Commitment 600
ETC = Budget ?Actuals ?Commitment
ETC = 5,000-800-600 = 3,600 Budget available for next 4 months = 3,600/4 = 900/month

Question 3

Multiple choice

Which four notification templates are predefined?

A
Password Reset Template
B
New Account Template
C
Forgot Password Template
D
Forgot Username Template
E
New Account Manager Template

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Correct answersA, B, D, E

Explanation

https://docs.oracle.com/en/cloud/saas/sales/18c/oscus/setting-up-applications-security.html#OSCUS2287154
Predefined Notification Templates
Notification Template Description
Password Expiry Warning Warns the user that a password is expiring soon and provides instructions for resetting Template the password.

Password Expiration Notifies the user that a password has expired and provides instructions for resetting Template the password.
Forgot User Name Sends the user name to a user who requested the reminder.
Template
Password Generated Notifies the user that a password has been generated automatically and provides Template instructions for resetting the password.
Password Reset Template Sends a reset-password link to a user who requested a new password. Users can request new passwords by selecting the ForgotPassword link on the application Sign In page, or by selecting the Password option on the Preferences page (Settings and Actions > Set Preferences).
Password Reset Notifies the user when a password has been reset.
Confirmation Template
New Account Template Notifies a user when a user account is created and provides a reset-password link.
New Account Manager Notifies the user's manager when a user account is created.
Template

When you create a user category, it's associated automatically with the predefined notification templates, which are all enabled.
You can't edit the predefined templates. However, you can create templates and disable the predefined versions. Each predefined event can be associated with only one enabled notification template at a time.

Question 4

Single choice

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 period start date is used for calculating labor demand for the current year.
B
The current date is used for calculating labor demand for the current year.
C
The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.
D
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.

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Correct answerB

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.

Question 5

Single choice

You have a billable project for which the following details are provided: Associated Inception-To-Date (ITD) Project Actual Cost: USD 60 Associated Project Budgeted Cost: USD
300
Contract Amount: USD 1000
Project Funded Amount: USD 750
Sum of Existing Revenue Events: USD 80
Identify the Associated Project Spent revenue that will get generated based on the preceding details. (Choose the best answer.)

A
USD 184
B
USD 120
C
USD 134
D
USD 70

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Correct answerD

Explanation

Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/manage-project-contract-revenue.html#OAPJB164173
Associated Project Percent Spent Example
The following formula calculates the percent spent revenue for the associated project. ((Sum of ITD Actual Cost for every subtask that is part of the associated task / Sum of Total Budgeted cost for every task that is part of associated task) x Associated Project Funded Amount) ?Sum of Existing Invoice Event Amounts for the Associated Project ((60/300) x 750) ?80 = 70 ((Actual Cost / Budgeted Cost) x Budgeted Revenue) ?Sum of Revenue Event Amount

Question 6

Single choice

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.)

A
Daily Spread Basis
B
Back Loaded
C
Bell Curve
D
S-Curve
E
Even

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Correct answerA

Explanation

Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-control-configuration-manage-spread-curves.html#OAPFM79760
Predefined Spread Curves
Name Description Dist. Factors

Even Linear distribution of financial or project plan values across periods. 10-10-10-10- 10-10-10-10-
10-10
Prorated Linear distribution of financial or project plan values across periods, with an exception of 10-10- 10-10- Even the first period and last period in the financial plan. Financial or project plan values for 10-10- 10-10- the first period and last period are prorated based on the number of days in the period. 10-10 Back Back-loaded distribution of financial or project plan values across periods. Assigned 0-5-10-15-20- Loaded amounts increase over succeeding periods. 25-30-35-40- Front Front-loaded distribution of financial or project plan values across periods. Assigned 45-40-35-30- Loaded amounts decrease over succeeding periods. 25-20-15-10- 5-0
S Curve S-shaped distribution of financial or project plan values across periods. 18-10-8-10- 15-17-18-17-
15-8
Bell Curve Bell-shaped distribution of financial or project plan values across periods. Assignment of 0-4- 10-12-14- plan values is highest in the middle periods. 12-10-4-0-0

Daily Spread is based upon the number of days in each financial period throughout the None Spread duration of the task assignment. Amounts are proportionally distributed throughout all Analysis periods for the duration of the task assignment

Question 7

Multiple choice

Which three features are part of Oracle Fusion Functional Setup Manager?

A
feature opt-in for a best fit configuration
B
export and import services for setup data migration between environments
C
guided task list for end-to-end setup requirements
D
updating an implementation project task list by changing the opt-in configuration to suit the latest requirements
E
modifying an existing implementation project task list by selecting more functional areas when needed

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Correct answersA, B, C

Question 8

Single choice

Your customer has a requirement to import and process third-party transactions that are "costed" and
"accounted".

Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)

A
Import Options
B
Document Options
C
Transaction Source Options
D
Document Entry Options

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Correct answerC

Explanation

Reference
https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJC/F1071488AN1004C.htm

Question 9

Multiple choice

You are implementing Project Portfolio Management for a global professional services organization. In their Consulting Services line of business, it is common to use resources from different business units based on the skills required. Therefore, cross-charge transactions happen between business units within the same legal entity. Transfer price calculations need to be based on raw costs, with no further adjustments to transfer price.
Identify two setups that can drive this borrowed and lent agreement. (Choose two.)

A
Transfer price basis must be Raw Cost and calculation method must be Basis Only.
B
Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
C
A document entry such as straight time must be enabled for cross-charge transactions.
D
Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.

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Correct answersA, C

Explanation

Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-billing-configuration-define-transfer-pricing.html#OAPFM3094619

Question 10

Multiple choice

You are trying to create a custom infolet but are not able to find the "Create Infolet" option in the Infolet repository window.

Which two steps should be completed before you can access the "Create Infolet" option?

A
You must activate Page Composer.
B
You should be on the Project Custom Objects page.
C
You must be in an active sandbox.
D
You should enable the "Create Infolet" option from the Personalize Springboard page.

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Correct answersA, C

Explanation

Ref:
https://docs.oracle.com/cd/E83857_01/saas/applications-common/18b/oaext/page-modification.html#OAEXT1640891

Question 11

Single choice

When scheduling the Update Project Performance Data process to run on a periodic basis, which summarization method would you select? (Choose the best answer.)

A
Bulk
B
Detail
C
Incremental
D
Summary

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Correct answerC

Explanation

Reference
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project-organizations.html#OAPFM177674SettingsThatAffectPerformanceDataSummarization
You can summarize performance data for a project unit, business unit, a range of projects, or projects managed by a project manager. When you run the Update Project Performance Data process from the Scheduled Processes page, select one of the summarization methods from the following table:

Summarization Usage
Method

Incremental Summarizes new transactions that are yet to be summarized Delete and re-Correct summary data when the source system data changes outside the regular transaction summarize flow.
Do not use this summarization method when you run the Update Project Performance Data Without Producing Report process unless you are advised to do so. Resource breakdown Migrate all summary data from one resource breakdown structure version to the next. structure If you select this option, you must also specify the resource breakdown structure header.

Question 12

Single choice

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 unit
D
project organization

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Correct answerB

Explanation

Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/define-project.html#OAPJF220111
Asset Cost Allocation Methods
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 Asset Cost Allocation Methods
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 Estimated cost of each asset Cost Standard Unit Combination of the standard unit cost and the number of units Cost defined for each asset Spread Evenly Equal allocation of cost to each asset

Question 13

Single choice

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

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Correct answerA

Question 14

Multiple choice

You are now the project manager of a newly created implementation project.

Which two items are not part of managing an implementation project?

A
Assign tasks to various users who are responsible for managing setup data.
B
Monitor the progress of completing setup tasks.
C
Select the offering you want to implement.
D
Generate a list of setup tasks.
E
Enable optional functional areas and features by opting in.

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Correct answersA, D

VOL	TYPE	QUESTIONS
1	Single choice	8
2	Multiple choice	6

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Oracle Project Management Cloud 2022 Implementation Professional

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