1Z0-1057-22 Real Exam Questions and Verified Answers

Question 1 Multiple choice

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 Bell Curve spread with small deviations on the spread points.
D
Use the predefined S-Curve spread with small deviations on the spread points.

Show answer and explanation

Correct answers: B, C

Question 2 Single choice

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

Show answer and explanation

Correct answer: B

Question 3 Multiple choice

Identify two correct role templates available on the Oracle Entitlement Server to generate roles for Project Organization Security. (Choose two.)

A
Project Manager Template for Project Organization Security
B
Project Administrator Template for Project Organization Security
C
Project Creator Template for Project Organization Security
D
Project Accountant Template for Project Organization Security
E
Project Billing Specialist Template for Project Organization Security

Show answer and explanation

Correct answers: B, C

Explanation

Reference
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracle-fusion-project-portfolio-management.html#FASER1722595
Ref to "Securing Project Financial Management and Grants Management Applications" Table lists predefined enterprise roles and the type of security that grants the role access to data in a work area or dashboard.

Enterprise Role Work Area or Dashboard Data Security Based On Project Accountant Asset Project business unit
Project Accountant Costs Project expenditure
business unit
Project Accountant Revenue Contract business unit
Project Project Financial Management Project business unit
Administrator Project organization
Project Billing Invoices Contract business unit
Specialist
Project Creator Project Financial Management Project business unit Project organization
Project Project Management Infolet Project assignment
Management Duty Dashboard
Project Project Performance Dashboard Project assignment
Management Duty
Project Manager Project Management Infolet Project assignment Dashboard
Project Manager Project Performance Dashboard Project assignment Project Manager Project
Management Project assignment
Project Manager Project Manager Dashboard Project assignment Project Team Project Financial
Management Project assignment Member
Grants Accountant Invoices Contract business unit
Grants Accountant Revenue Contract business unit
Grants Awards Contract business unit
Administrator
Grants Contracts Contract business unit
Administrator
Grants Project Financial Management Project business unit
Administrator
Principal Awards Award assignment
Investigator
Principal Contracts Award assignment
Investigator
Principal Project Financial Management Project assignment
Investigator

Question 4 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

Show answer and explanation

Correct answer: C

Explanation

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

Question 5 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

Show answer and explanation

Correct answer: B

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 6 Single choice

When implementing Project Performance Reporting, your customer has the following requirements: Every time a project cost is greater than or equal to a threshold, then the project should be shown as critical.
As long as a project cost is less than the threshold, the project should be shown as on-track.
Which threshold level rule is ideal for this kind of KPI definition?
(Choose the best answer.)

A
multiple threshold levels
B
single threshold level value
C
single threshold level range
D
multiple threshold level value

Show answer and explanation

Correct answer: B

Explanation

Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjs/update-project-performance-data-and-generate-kpis.html#OAPJS16654
Performance Status Indicator

Performance status indicators give an immediate picture of the status of a project, such as critical, at risk, and on track. Each distinct icon indicates the status and severity of performance. During KPI definition, you first associate status indicators with performance statuses: Critical Severe
At risk
On track
Ahead
You then associate these statuses with threshold levels. When KPI values are generated for a project, each value is compared to the defined thresholds and the corresponding status indicator for the KPI appears on project performance reports.
A status can identify negative performance so that you can take the appropriate actions to prevent or quickly resolve problems. Conversely, a status can identify positive performance to help you track expected or excellent performance.
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/fapfm/implementing-project-financial-management-applications.html#FAPFM975706
Create Key Performance Indicators
Create key performance indicators (KPI) to measure how well your organization performs an operational, tactical, or strategic activity that is critical for the current and future success of the organization.
Note: To create KPIs you must enable a project unit to track key performance indicators. Use the Threshold Levels section to specify thresholds to indicate the health status of a KPI. Select one of the following options: Multiple threshold levels Single threshold level value Single threshold level range

Question 7 Single choice

You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)

A
On Hold > Pending Acceptance > Active
B
On Hold > Pending Approval > Active
C
Pending Approval > Pending Acceptance > Active
D
Pending Acceptance > Pending Approval > Active

Show answer and explanation

Correct answer: C

Explanation

Reference https://docs.oracle.com/cloud/latest/common/FASCC/FASCC1124283.htm Topic - Contract
Actions and Status Changes: Explained

Question 8 Single choice

Using Oracle Time and Labor, your client wants to put in a validation process that allows only a certain number of maximum hours an employee can charge in a day, and a minimum of hours he or she can report in a week.

What feature would you use to meet this requirement? (Choose the best answer.)

A
project time validation rules
B
time calculation rules
C
time entry rules
D
time audit rules

Show answer and explanation

Correct answer: C

Question 9 Single choice

As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do not seem to be right. Based on the calculations, you notice that the amounts calculated are not considering the burden schedule override at a task level, which was done during the second month of the quarter. Identify the reason for this problem. (Choose the best answer.)

A
Only new expenditure items charged to the task use the new burden schedule; expenditure items
processed earlier cannot be reprocessed.
B
Only new expenditure items charged to the task use the new burden schedule; expenditure items
processed earlier can be manually marked for reprocessing.
C
You can enable automatic reprocessing of expenditure items processed before the burden schedule change.
D
All expenditure items charged to the task use the new burden schedule.

Show answer and explanation

Correct answer: B

Explanation

Reference
https://docs.oracle.com/cloud/r13_update17b/projectcs_gs/OAPJC/OAPJC1071490.htm#OAPJC1071

Question 10 Multiple choice

You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Portfolio Management with tasks and subtasks applicable to each of the phases of the project: Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want to define deliverables for your project requirements that are elucidated during the Discovery phase of your project.
You now want to understand how the inheritance between requirements, tasks, and deliverables works.
Identify the two correct statements in this respect. (Choose two.)

A
A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.
B
The association of a deliverable with a task is dependent on associating a requirement with a task.
C
A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
D
You associate a deliverable with a task, independent of associating a requirement with a task.

Show answer and explanation

Correct answers: C, D

Explanation

Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapem/define-project-deliverables.html#OAPEM1122079Associatedeliverableswithoneormanytasksorrequirementsatanylevel.Associateexistingdeliverablestotasksorrequirementsorcreatedeliverablesdirectlyfortasksorrequirements.YoucandeleteadeliverableinNewstatusifitisnotassociatedwithtasksorrequirements.Candeliverablesforprojectsandtasksbeinheritedfromassociatedrequirements?No.Adeliverableassociatedwitharequirementisnotautomaticallyassociatedwiththetaskscreatedforthatrequirement.
You associate a deliverable with a task, independent of associating a requirement with a task.