Oracle 1Z0-1057-23 Online Practice Questions and Exam Preparation

Oracle 1Z0-1057-23 Online Questions & Answers

• Question 1:

  Your customer has implemented Oracle Project Portfolio Management Cloud recently and they have hired new employees for their Professions Services business. These employees are set up in Oracle Human Capital Management Cloud, but the Project Administrators are unable to add them as resources in the Planning Resource Breakdown Structure.

  What are three conditions for new employees to show up in the list? (Choose three.)

  A. Current date is before the effective date of the resource, and you did not enable the "Include people with future-dated effective start dates" option during the search.
  B. All new employees created as persons must have an active supervisor.
  C. All new employees created as persons must be assigned to a department.
  D. All new employees created as persons must have an active assignment.
  E. All new employees created as persons must have an active project role.
  A. Current date is before the effective date of the resource, and you did not enable the "Include people with future-dated effective start dates" option during the search.
  C. All new employees created as persons must be assigned to a department.
  D. All new employees created as persons must have an active assignment.

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  Explanation/Reference:

  Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation-configuration-define-project-resource-breakdown-structures.html#OAPFM180158_2 Why can't I find persons in the list of resources when I enter team members, planning resources, or person rate schedules? You can't find persons in the list of resources when you enter team members, planning resources, or person rate schedules in the following situations: The administrator didn't assign a department while creating users. Persons must have an active assignment and be assigned to a department in Oracle Fusion Human Capital Management before they can be added as team members or entered as resources on the planning resource breakdown structure or person rate schedule. The resource isn't active in Oracle Fusion Human Capital Management because the current date is before the effective date of the resource. If you want to include persons who will start in the future, select the Include people with future-dated effective start dates option when you search for the person. Persons assigned as project managers aren't active as of the project start date. The assignment of the person is terminated, and an appropriate value isn't set for the number of days to display people with terminated assignments. You can set the profile value appropriately at the site profile level using the Specify Number of Days to Display People with Terminated Assignments task in the Setup and Maintenance work area.

• Question 2:

  As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes in HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers. (Choose the best answer.)

  A. Pool Membership
  B. attributes that the project enterprise resources are assigned after creation
  C. Jobs
  D. Person Type
  D. Person Type

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  Explanation/Reference:

  Reference

  https://docs.oracle.com/cloud/farel8/projectcs_gs/OAPEX/F1082603AN23E61.htm Manage Project Enterprise Labor Resource Maintenance Conditions Project Enterprise Labor Resources: How They Are Automatically Created and

  Maintained Run the Maintain Project Enterprise Labor Resources process to create resources, remove resource availability for staffing, and maintain the resource search index. Settings That Affect the Maintain Project Enterprise Labor

  Resources Process Create and maintain project enterprise labor resources by defining a set of conditions that specify the employees and contingent workers in Oracle Fusion Human Capital Management (HCM) to create as resources in

  Oracle Fusion Project Portfolio Management. Define the resource attribute values, such as the resource calendar and primary project role, to assign to the new resources.

  The following table lists the criteria that you define for selecting HCM persons to create as project enterprise labor resources.

  Selection Criteria

  Description

  Person type

  Select the HCM person type for the process to use as criteria when selecting HCM persons to create as resources. Available person types are employees, contingent workers, or both employees and contingent workers.

  Option to select people based on job

  Select this option for the process to create resources for HCM persons with specific jobs. Caution If you do not select job criteria for this condition, the process will create resources for all eligible people based only on the person type.

  Jobs

  If you selected the option to select people based on job, then select the jobs for the process to use as HCM person selection criteria.

  The following table lists the attributes for which you specify values to assign to resources that are created for the condition.

  Resource Attribute

  Description

  Option to manage resource availability and staffing Select this option for resource managers to manage the availability and project staffing of resources who are created based on the condition. Resources who are managed in Oracle Fusion

  Project Resource Management are eligible to fulfill project resource requests.

  Calendar

  Select the resource calendar for resources that are created based on the condition. The resource calendar defines the work schedule for project enterprise labor resources, and includes working days and hours and any exceptions, such as

  holidays.

  Primary project role

  Select the primary project role for resources that are created based on the condition. Project roles are maintained in Oracle Fusion Project Management.

  Cost rate and currency

  Enter the cost rate and currency for resources that are created based on the condition.

  Bill rate and currency

  Enter the bill rate and currency for resources that are created based on the condition.

• Question 3:

  You have been hired as a project manager for implementing the Project Financial Management and Project Execution Management offering by an organization. The Chief Information Officer of the deploying organization has requested you to explain the benefits of using the implementation project-based approach over the functional area-based approach.

  Which two are the main benefits of using the implementation projects within Functional Setup Manager? (Choose two.)

  A. Implementation Project gives you the flexibility to set up different functional areas of the offering at different times.
  B. Implementation Project helps in assigning responsibility of managing setup data to a broad group of users.
  C. Implementation Project helps you to monitor progress of the setup tasks.
  D. Implementation Project helps you to use the manage setup data entry in bulk option.
  B. Implementation Project helps in assigning responsibility of managing setup data to a broad group of users.
  C. Implementation Project helps you to monitor progress of the setup tasks.

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  Explanation/Reference:

  Some of the main benefits of using the implementation projects within Functional Setup Manager are: Implementation Project helps in assigning responsibility of managing setup data to a broad group of users. You can assign tasks to different users who are responsible for entering and validating setup data for different functional areas of the offering. Implementation Project helps you to monitor progress of the setup tasks. You can track the status and completion percentage of each task and view the dependencies and prerequisites among tasks. Implementation Project does not give you the flexibility to set up different functional areas of the offering at different times, as this is determined by the configuration package that you select for your implementation. Implementation Project does not help you to use the manage setup data entry in bulk option, as this is a separate feature that allows you to import and export setup data across instances using spreadsheets. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/implement-project-financial-management-applications.html#OAPFM2356051

• Question 4:

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

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  Explanation/Reference:

  Below is an example of the Financial Summary view on the Cost tab of the Project Overview page.

  

  https://admhelp.microfocus.com/ppm/en/9.42/Help/Content/UG/PjMUG/images/ProjectOver viewPage_CostTab.gif

• Question 5:

  Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation? (Choose two.)

  A. Manage Project Plan Resource Assignment
  B. Transfer Project
  C. View Project Progress
  D. Allocate Project Expense
  A. Manage Project Plan Resource Assignment
  C. View Project Progress

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  Explanation/Reference:

  Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjm/index.html#_Toc468200732_1_12 Topic ?Privileges-This table lists privileges granted to duties of the abstract role Project Management Duty. Granted Role-Project Plan Management Privilege ?only A and C are listed

• Question 6:

  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?

  (Choose two.)

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

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  Explanation/Reference:

  Budgetary control is a feature that allows you to monitor and control project costs against approved budgets. You can enter the amounts in the budget versions for these projects at two levels: Task and Project. These levels correspond to the budgetary control levels that are defined for the project type. You can also view and compare the budget amounts and actual costs at these levels using reports and dashboards. Expenditure Type, Top Resource, and Expenditure Category are not levels at which you can enter the amounts in the budget versions for these projects. These are attributes that can be used to group and filter the budget and actual amounts for reporting purposes. Reference: https://docs.oracle.com/ en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-budgets-and-forecasts.html#OAPFM2356191

• Question 7:

  While opening an organization tree on the Manage Organization Trees page, you notice that the hierarchy status is displayed as Inactive. Identify the two reasons for the organization tree to be in Inactive status. (Choose two.)

  A. You used Create Tree in the action menu.
  B. You used Create Tree Version in the action menu.
  C. You used View Tree Version in the action menu.
  D. You selected the Edit icon for opening the hierarchy.
  E. You opened the hierarchy by clicking the name.
  A. You used Create Tree in the action menu.
  B. You used Create Tree Version in the action menu.

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  Explanation/Reference:

  When you use Create Tree or Create Tree Version in the action menu, you create a new organization tree or a new version of an existing tree, respectively. These actions result in an Inactive status for the organization tree, until you activate it. When you use View Tree Version or select the Edit icon or click the name of the tree, you open an existing organization tree that has an Active status. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-organizations.html#OAPFM2355921

• Question 8:

  Stigma Consulting wants to implement the program management capability to coordinate and track their strategic programs.

  Which three components are required to configure the program options as part of implementing the program management capability? (Choose three.)

  A. Calendar
  B. Calculation Methods
  C. Derivation Methods
  D. Currencies
  E. Accounting Methods
  A. Calendar
  B. Calculation Methods
  C. Derivation Methods

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  Explanation/Reference:

  Program management is a capability that allows you to coordinate and track multiple related projects and tasks as part of a strategic program. To configure the program options as part of implementing the program management capability, you need to define three components: Calendar: This component allows you to specify the calendar that is used to calculate the dates and durations for the program and its projects and tasks. Calculation Methods: This component allows you to specify the methods that are used to calculate the progress, performance, and variance measures for the program and its projects and tasks based on various sources and formulas. Derivation Methods: This component allows you to specify the methods that are used to derive the attributes and values for the program and its projects and tasks based on various rules and conditions. Currencies and Accounting Methods are not components that are required to configure the program options. Currencies are used to define the currency conversion rates and rules for the program and its projects and tasks. Accounting Methods are used to define the subledger accounting rules and options for the program and its projects and tasks. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-programs.html#OAPFM2356261

• Question 9:

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

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  Explanation/Reference:

  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 Template

  Warns the user that a password is expiring soon and provides instructions for resetting the password.

  Password Expiration Template

  Notifies the user that a password has expired and provides instructions for resetting the password.

  Forgot User Name Template

  Sends the user name to a user who requested the reminder.

  Password Generated Template

  Notifies the user that a password has been generated automatically and provides 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 Forgot Password link on the application Sign In page, or by selecting the Password option on the Preferences page

  ( Settings and Actions > Set Preferences).

  Password Reset Confirmation Template

  Notifies the user when a password has been reset.

  New Account Template

  Notifies a user when a user account is created and provides a reset-password link.

  New Account Manager Template

  Notifies the user's manager when a user account is created.

  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 10:

  Identify three correct statements about project types. (Choose three.)

  A. Project type can be used as a source in subledger accounting.
  B. Project type can be enabled for both billing and capitalization.
  C. Summarization options can be specified at project type.
  D. Classifications can be assigned at project type.
  E. Project type can be associated with multiple project units.
  A. Project type can be used as a source in subledger accounting.
  C. Summarization options can be specified at project type.
  E. Project type can be associated with multiple project units.

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  Explanation/Reference:

  Project type is a classification that defines the common attributes and processing options for projects. Some of the correct statements about project type are: Project type can be used as a source in subledger accounting. This allows you to create accounting rules based on the project type attribute. Summarization options can be specified at project type. This allows you to control how the project transactions are summarized for reporting and performance purposes. Project type can be associated with multiple project units. This allows you to share the same project type across different business units or organizations. Project type cannot be enabled for both billing and capitalization, as these are mutually exclusive options. Classifications cannot be assigned at project type, but at project or task level. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financialmanagement.html#OAPFM2355971