Oracle 1Z0-1057-21 : Oracle Project Management Cloud 2021 Implementation Essentials

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. Your customer has a requirement toimport 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) Document Entry Options
B) Transaction Source Options
C) Import Options
D) Document Options

2. Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction's business unit.
Which reference data sharing method would you setup to meet the customer requirement? (Choose the best answer.)

A) assignment to multiple sets; no common values allowed
B) assignment to one set only with common values
C) assignment to one set only; no common values allowed
D) assignment to multiple sets; common values allowed

3. 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 commitmentfor $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) 800
B) 600
C) 900
D) 1000

4. You haveprojects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that thesedistribution set lines are not validated against the project transaction controlsand you are allowed to save it without any validation errors. Identify the why the project transaction controls are not applied. ( Choose the best answer.)

A) The account code combination is not available on the distribution set line.
B) There is no expenditure type information available on the distribution set line.
C) There is noexpenditure item dateinformation available on the distribution set line.
D) There is no expenditure organization information available on the distribution set line.

5. Your client organization has recently undergone a restructuring exercise that has resulted in the creation of new jobs. The Resource Breakdown Structure (RBS) was previously created with existing jobs, and now the new jobs have been added to the existing Resource Breakdown Structure.
Identify the correct statement about the RBS and new resources. (Choose the best answer.)

A) If the "Allow resource changes at project level" option is set to for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.
B) If the "Allow resource changes at project level" option is enabled for the RBS, the new resources added at project level are automatically reflected in the RBS.
C) If the "Allow resource changes at project level" option is set to No, the new resources and resource formats that are added to a Planning Resource Breakdown Structure for one project are not available for other projects.
D) If the "Allow resource changes at project level" option is set to Yes for the RBS, the new resources are available automatically at project level.

Solutions: