Oracle 1Z0-1057-21 Q&A - in .pdf

  • 1Z0-1057-21 pdf
  • Exam Code: 1Z0-1057-21
  • Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials
  • Updated: Sep 13, 2026
  • Q & A: 93 Questions and Answers
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  • Q & A: 93 Questions and Answers
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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Project Cost Management- Cross-Charge Processing
  • 1. Transfer Pricing
  • 2. Borrowed and Lent Transactions
- Cost Collection and Processing
  • 1. Expense Management Integration
  • 2. Cost Transactions
  • 3. Supplier Cost Processing
Security and Implementation Tools- Security Configuration
  • 1. Data Access Security
  • 2. Project Roles
- Implementation Utilities
  • 1. Rapid Implementation Spreadsheets
  • 2. Setup Data Migration
  • 3. Functional Setup Manager
Project Billing and Revenue Management- Contract and Billing Setup
  • 1. Revenue Recognition
  • 2. Invoice Generation
  • 3. Billing Events
Project Foundation Setup- Project Units
  • 1. Reference Data Sets
  • 2. Implementation Options
  • 3. Business Units
Resource Management- Resource Structures
  • 1. Resource Requests
  • 2. Resource Calendars
  • 3. Project Staffing
Project Financial Management Setup- Project Types and Templates
  • 1. Project Statuses
  • 2. Project Classes
  • 3. Project Roles
- Financial Structures
  • 1. Expenditure Categories
  • 2. Expenditure Types
  • 3. Transaction Sources
Project Execution Management- Project Control
  • 1. Budgets
  • 2. Forecasts
  • 3. Performance Reporting
- Project Planning
  • 1. Work Plans
  • 2. Task Management
  • 3. Resource Assignments

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question #1

Your customer has separate organizationsto maintain indirect, capital, and billing types of projects.
Identify the two setups that can be used to fulfill this requirement. (Choose two.)

  • A. Project Type
  • B. Project Accounting Business Function
  • C. Business Unit
  • D. Organization Tree
  • E. Project Organization Classification
Reveal Solution  Discussion  0

Correct Answer: D,E  🗳️

Explanation: Only visible for PracticeDump members. You can sign-up / login (it's free).

Question #2

Your customer complains that their project resources do not report their time promptly, which has resulted in incorrect reporting of project performance. What should you do to fix this problem? (Choose the best answer.)

  • A. Enable track missing time at project type.
  • B. Enable track missing time at project template.
  • C. Enable track missing time at
  • D. Enable track missing time atbusiness unit.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

Your company creates a separate project for infrastructure services, so as to track these costs separately and then allocateto various projects that use the services of the infrastructure team. You want to allocate these costs by first attributing a fixed percentage of the source amount to each project and then spread it across tasks based on the actual labor hours charged to each task.
Which allocation basis method would you use to meet this requirement? (Choose the best answer.)

  • A. target percentage and spread evenly
  • B. prorate
  • C. target percentage and prorate
  • D. spread evenly
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for PracticeDump members. You can sign-up / login (it's free).

Question #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. There is no expenditure type information available on the distribution set line.
  • B. There is noexpenditure item dateinformation available on the distribution set line.
  • C. The account code combination is not available on the distribution set line.
  • D. There is no expenditure organization information available on the distribution set line.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for PracticeDump members. You can sign-up / login (it's free).

Question #5

Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)

  • A. Project Contract Collection Center
  • B. Project Contract-based costing
  • C. Contract Team Connect
  • D. Project Contract-based billing
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for PracticeDump members. You can sign-up / login (it's free).

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