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

Oracle 1Z0-1057-23 Online Questions & Answers

• Question 81:

  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
  B. 900

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  Explanation/Reference:

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

• Question 82:

  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.
  B. The current date is used for calculating labor demand for the current year.

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  Explanation/Reference:

  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 83:

  Which three tasks can be performed using the project requirements work area? (Choose three.)

  A. creating projects and tasks in the context of backlog items.
  B. creating issues for the backlog items.
  C. adding scrum master to backlog items.
  D. tracking backlog item status from the requirement storyboard.
  E. creating change orders for the backlog items.
  A. creating projects and tasks in the context of backlog items.
  B. creating issues for the backlog items.
  D. tracking backlog item status from the requirement storyboard.

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  Explanation/Reference:

  The project requirements work area is a work area that allows you to define and manage requirements for your projects using various methods and sources. Requirements are statements of needs or expectations that must be met by the project outcome. Backlog items are a type of requirement that are used for agile projects that follow an iterative and incremental approach. Three of the tasks that can be performed using the project requirements work area are: creating projects and tasks in the context of backlog items: This task allows you to create new projects and tasks or link existing projects and tasks to backlog items. This helps you to plan and execute the work that is required to fulfill the backlog items. creating issues for the backlog items: This task allows you to create new issues or link existing issues to backlog items. Issues are problems or risks that affect the progress or outcome of a project or requirement. This helps you to track and resolve the issues that are related to the backlog items. tracking backlog item status from the requirement storyboard: This task allows you to view and update the status of backlog items from the requirement storyboard. The requirement storyboard is a graphical representation of the progress and completion of backlog items using various stages and lanes. This helps you to monitor and control the delivery of backlog items. Adding scrum master to backlog items and creating change orders for the backlog items are not tasks that can be performed using the project requirements work area. Adding scrum master to backlog items is a task that can be performed using the project team work area, as scrum master is a role that is assigned to a project team member who facilitates and coordinates the agile project activities. Creating change orders for the backlog items is a task that can be performed using the project change management work area, as change orders are documents that capture and approve changes to a project scope, schedule, or budget. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-execution.html#OAPFM2356321

• Question 84:

  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.
  A. The project sends only the invoice header and invoice line description to Receivables, not the invoice distributions.

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  Explanation/Reference:

  When a project invoice is transferred or created in Receivables, the project sends only the invoice header and invoice line description to Receivables, not the invoice distributions. The invoice distributions contain the detailed information such as quantity, unit price, and line total. Therefore, the Receivables invoice does not show these details, but only shows a quantity of 1 and a unit price equal to the line total. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-invoices.html#OAPFM2355931

• Question 85:

  Which step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment?

  A. Planning
  B. Deploying
  C. Maintaining
  D. Setting Up
  E. Opting In
  B. Deploying

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  Explanation/Reference:

  The Deploying step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment. This step allows you to export and import setup data across instances using spreadsheets or configuration packages. You can also compare and validate setup data across instances using reports and dashboards. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/implementproject-financial-management-applications.html#OAPFM2356111

• Question 86:

  You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? ( Choose two.)

  A. Enter progress for tasks.
  B. Receive email notifications about changes that team members make to a task.
  C. View task details and the task activity stream.
  D. Edit task details.
  B. Receive email notifications about changes that team members make to a task.
  C. View task details and the task activity stream.

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  Explanation/Reference:

  Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/execute-project-tasks-and-deliverables.html#OAPEM1122082 Followers are persons who aren't working on the task but have an interest in reviewing the

  task progress. Only the resources and other followers can add followers to a task. If a resource assigns the task to another team member, the application automatically changes the original resource to a follower.

  What's the difference between my tasks and tasks that I follow? You can edit task details and enter progress for your tasks on the Manage Tasks page. If a task has multiple resources, only the primary resource can edit the task. When you

  follow a task, you can view the task details and see the task activity stream. You receive e-mail notifications of changes that team members make to the task.

  If a resource reassigns the task to another team member, then the previous resource automatically becomes a follower.

• Question 87:

  Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types. Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

  A. Create a revenue method with a revenue method classification of Amount Based.
  B. Create a revenue method with a revenue method classification of Rate Based.
  C. Create a revenue method classification with a revenue method of Percent Spent.
  D. Create a revenue method classification with a revenue method of Percent Complete.
  B. Create a revenue method with a revenue method classification of Rate Based.

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  Explanation/Reference:

  To perform revenue recognition based on the Labor and Non-labor Burden schedule types, you need to create a revenue method with a revenue method classification of Rate Based. This classification allows you to use the burdened cost rates of labor and non-labor resources as the basis for revenue recognition. The burdened cost rates are derived from the burden schedules that are assigned to the project or task. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-revenue.html#OAPFM2355981

• Question 88:

  Which five steps are required for the File-Based Data Import Integration option?

  A. Run Process to transfer data to interface tables.
  B. Install an Excel add-in.
  C. Upload the file to the server.
  D. Download an Excel template.
  E. Populate the spreadsheet with data and generate a CSV file.
  F. Import data into various applications.
  G. Validate the sheet using the Validate option.
  A. Run Process to transfer data to interface tables.
  B. Install an Excel add-in.
  C. Upload the file to the server.
  D. Download an Excel template.
  E. Populate the spreadsheet with data and generate a CSV file.

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  Explanation/Reference:

  Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oefpp/overview.html#External_Data_Integration_Services_for_Oracle_Cl oud_Overview

• Question 89:

  Your organization has a requirement to retrieve the value of the cost center segment based on the department.

  Which source can you use while defining the account rule to achieve this requirement?

  A. Project Organization Cost Center Segment
  B. Expenditure Business Unit Cost Center Segment
  C. Event Organization Cost Center Segment
  D. Expenditure Organization Cost Center Segment
  D. Expenditure Organization Cost Center Segment

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  Explanation/Reference:

  The source that can be used while defining the account rule to achieve this requirement is Expenditure Organization Cost Center Segment. This source allows you to retrieve the value of the cost center segment based on the expenditure organization of the transaction. The expenditure organization is an attribute of a transaction that represents the organization that incurs or owns the cost of the transaction.

• Question 90:

  Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs for rate-based planning resources. (Choose the best answer.)

  A. Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule
  B. Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate
  C. Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule
  D. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule
  E. Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule
  D. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule

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  Explanation/Reference:

  Reference https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_8718794B26A7BB93E040D30A6 88149A3