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

Oracle 1Z0-1057-23 Online Questions & Answers

• Question 71:

  Your organization has a requirement to send notifications to the owners of the associated tasks when the status of a deliverable is set to Complete. You have been asked to evaluate generate public events for project deliverable status changes feature to manage this requirement.

  Which two statements are true about this feature? (Choose two.)

  A. The public event is not generated when the priority of a deliverable changes.
  B. The public event is not generated when a deliverable is created or deleted.
  C. The public event is generated when a deliverable is created or deleted.
  D. The public event is generated when the progress status for a deliverable changes.
  B. The public event is not generated when a deliverable is created or deleted.
  D. The public event is generated when the progress status for a deliverable changes.

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  Explanation/Reference:

  The generate public events for project deliverable status changes feature is a feature that allows you to send notifications or trigger actions when the progress status of a deliverable changes from one value to another. For example, when the status of a deliverable is set to Complete, you can send a notification to the owners of the associated tasks or update the status of the tasks accordingly. Two statements that are true about this feature are: The public event is not generated when a deliverable is created or deleted. This feature only generates events when the progress status of a deliverable changes, not when a deliverable is added or removed from a project or task. The public event is generated when the progress status for a deliverable changes. This feature generates events when the progress status of a deliverable changes from one value to another, such as from Not Started to In Progress, or from In Progress to Complete. You can define rules and actions for each progress status change using Business Process Management (BPM) Worklist. The public event is also not generated when the priority of a deliverable changes, as this feature only generates events when the progress status of a deliverable changes. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-execution.html#OAPFM2356211

• Question 72:

  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.
  A. Transfer price basis must be Raw Cost and calculation method must be Basis Only.
  C. A document entry such as straight time must be enabled for cross-charge transactions.

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  Explanation/Reference:

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

• Question 73:

  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
  C. Transaction Source Options

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  Explanation/Reference:

  Reference https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJC/F1071488AN1004C.htm To import and process third-party transactions that are costed and accounted, you need to set the Transaction Source Options for the transaction source that you use to import the transactions. The Transaction Source Options allow you to specify whether the transactions are costed and accounted by the source system or by Oracle Fusion Cost Management. You can also specify whether to validate and transfer costs and accounting entries to projects and general ledger. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2355941

• Question 74:

  Where is the Allow Override option for the Default Capitalized Interest Rate Schedule specified?

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

• Question 75:

  You have four resources in your organization: P, Q, R, and S.

  Resource P -Project or resource calendar is active.

  Resource Q -Project resource request dates are within the project or resource calendar effective dates.

  Resource R -Resource calendar is complex, it does not contain seven days, and it contains more than one pattern and shift.

  Resource S -Number of working days within the requested date range is not zero on the project or resource calendar.

  Identify the resource for whom Resource Availability Capacity Score will not be calculated. (Choose the best answer.)

  A. P
  B. Q
  C. R
  D. S
  C. R

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  Explanation/Reference:

  Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/evaluate-and-assign-resources.html#OAPEM916359 Topic-Resource Available Capacity Score: How It's Calculated Calendars Used to Calculate Resource Available Capacity Scores How the Resource Available Capacity Score Is Calculated

• Question 76:

  You search for resources to fulfill a project resource request but are unable to proceed after receiving the following error message: "The search for resources cannot be completed because the project resource search index is not available. Contact your help desk."

  Identify the cause for this error message. (Choose the best answer.)

  A. The index is not in the process.
  B. The index has been built.
  C. The index is in the process of being updated.
  D. The most recent update of the index finished successfully.
  C. The index is in the process of being updated.

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  Explanation/Reference:

  Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/implementing-project-execution-management-applications.html#FAPFM1724547

  Topic Submitting the Process to Maintain Project Resource Search Index:

  Procedure

  Submit the Maintain Project Resource Search Index job set to update the resources that appear on the Search and Evaluate Resources page when a resource manager searches for resources to fulfill project resource requests. The job set

  consists of a set of processes that facilitate efficient and rapid searches for qualified resources.

  Resource managers can't search for resources or view resource details if the search index isn't available for a project resource request with qualifications or keywords. For project resource requests without qualifications and keywords,

  resource managers can search for and evaluate resources based on resource availability even if the search index isn't current or available.

  Caution: The search index isn't available if the Maintain Project Resource Search Index job set process fails, or while the process is running.

• Question 77:

  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.

  What is the reason for this problem?

  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.
  B. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.

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  Explanation/Reference:

  Reference https://docs.oracle.com/cloud/r13_update17b/projectcs_gs/OAPJC/OAPJC1071490.htm#O APJC1071482

• Question 78:

  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
  C. time entry rules

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  Explanation/Reference:

  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, you need to use time entry rules. Time entry rules allow you to define the conditions and actions for validating time entries based on various attributes such as hours, dates, projects, tasks, etc. You can also specify the error messages and severity levels for the time entry rules. Reference: https:// docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-time-and-labor.html#OAPFM2355991

• Question 79:

  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.
  C. Select the offering you want to implement.
  E. Enable optional functional areas and features by opting in.

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  Explanation/Reference:

  Selecting the offering you want to implement and enabling optional functional areas and features by opting in are not part of managing an implementation project. These are part of configuring an implementation project, which is done before managing an implementation project. Configuring an implementation project allows you to define the scope and features of your implementation based on your business needs. Managing an implementation project involves assigning tasks to various users who are responsible for managing setup data, monitoring the progress of completing setup tasks, and generating a list of setup tasks. These are part of executing an implementation project, which is done after configuring an implementation project. Executing an implementation project allows you to perform the setup tasks and validate the setup data for your implementation. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/ oapfm/implement-project-financial-management-applications.html#OAPFM2356021

• Question 80:

  Which component of performance measures allows you to select the method that is used to measure accounts such as budget, forecast, and actual?

  A. Accounts Member
  B. Time Member
  C. Category Member
  D. Scenario Member
  A. Accounts Member

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  Explanation/Reference:

  The Accounts Member component of performance measures allows you to select the method that is used to measure accounts such as budget, forecast, and actual. The Accounts Member component defines the account dimension member for the performance measure, which represents the financial data that is measured. You can also specify the aggregation rule and calculation method for the account dimension member. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-performance-reporting.html#OAPFM2356081