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The Oracle Project Management Cloud 2022 Implementation Professional certification exam covers a wide range of topics, including project planning and execution, resource management, project costing, project billing, and financial management. Candidates will also be tested on their understanding of project collaboration, change management, and risk management. 1z0-1057-22 exam consists of multiple-choice questions, and candidates have 120 minutes to complete the exam.
NEW QUESTION # 14
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 most recent update of the index finished successfully.
- B. The index has been built.
- C. The index is in the process of being updated.
- D. The index is not in the process.
Answer: C
Explanation:
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.
NEW QUESTION # 15
Which component of performance measures allows you to select the method that is used to measure accounts such as budget, forecast, and actual?
- A. Category Member
- B. Scenario Member
- C. Accounts Member
- D. Time Member
Answer: C
Explanation:
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
NEW QUESTION # 16
You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Management with tasks and subtasks applicable to each of the phases of the project: Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want to define deliverables for your project requirements that are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works.
Which two are correct statements in this scenario? (Choose two.)
- A. You associate a deliverable with a task independent of associating a requirement with a task.
- B. A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
- C. A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.
- D. The association of a deliverable with a task is dependent on associating a requirement with a task.
Answer: B,D
NEW QUESTION # 17
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. Manual Entry
- B. Remaining Plan
- C. Cost
- D. Effort
Answer: C
Explanation:
Reference https://ppm-help.saas.hpe.com/en/9.42/Help/Content/UG/PjMUG/view_pj_cost_data_costtab.htm Below is an example of the Financial Summary view on the Cost tab of the Project Overview page.
NEW QUESTION # 18
You have been asked to set up one active person, who is not a team member in the project, as a quality manager for each quality task created under projects. However, when you try to assign the quality manager as Task Manager, you cannot find the person's name in the list of values. What is the reason for this problem? (Choose the best answer.)
- A. The "Require Task Managers to be Project Team Members" profile option is set to No.
- B. The quality manager belongs to a department that is not associated with the project.
- C. The "Require Task Managers to be Project Team Members" profile option is set to Yes.
- D. The quality manager is not assigned with a supervisor.
Answer: C
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/introducing-oracle-project-portfolio-management-cloud-services.html#FAPFM428138 Topic - Project Foundation Profile Options Profile Option Name - Task Managers Must Be Project Team Members Description - Specify whether task managers must be project team members.
Values - No (Default) / Yes
Setup Task Name - Require Task Managers to be Project Team Members
NEW QUESTION # 19
Your organization has a requirement to create and apply a new theme for the application user interface.
Which option allows you to achieve this requirement?
- A. User Interface Text
- B. Setup and Maintenance Work Area
- C. Structure Page
- D. Appearance Page
Answer: D
Explanation:
The option that allows you to achieve this requirement is Appearance Page. This page allows you to create and apply a new theme for the application user interface by selecting various options such as colors, fonts, logos, etc. You can also preview and publish your theme changes using this page. Structure Page is not an option that allows you to achieve this requirement. This page allows you to customize the structure and layout of the application user interface by adding or removing components such as regions, tabs, fields, etc. Setup and Maintenance Work Area is not an option that allows you to achieve this requirement. This work area allows you to perform various setup tasks for implementing and configuring Oracle Fusion applications using predefined templates and spreadsheets. User Interface Text is not an option that allows you to achieve this requirement. This option allows you to customize the text and labels of the application user interface by editing or translating them using various tools such as Text Editor or Translation Workbench. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financial-management.html#OAPFM2356331
NEW QUESTION # 20
Which step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment?
- A. Setting Up
- B. Opting In
- C. Maintaining
- D. Deploying
- E. Planning
Answer: A
NEW QUESTION # 21
Your customer has a requirement to allow adjustment and reversals for transactions imported from an external expense entry system.
Which section on the Manage Project Transaction Sources page will allow you to enable these options?
- A. Transaction Entries
- B. Transaction Source
- C. Document Entries
- D. Documents
Answer: B
NEW QUESTION # 22
Which three are project gate statuses? (Choose three.)
- A. In Review
- B. Draft
- C. Closed
- D. Approve
- E. Open
Answer: A,C,E
Explanation:
Project gate statuses are values that indicate the progress or completion of a project gate. A project gate is a checkpoint that marks the end of a phase or stage in a project lifecycle. Three of the project gate statuses are:
Open: This status indicates that the project gate is not yet ready for review or approval.
In Review: This status indicates that the project gate is under review or approval by the gate reviewers or approvers.
Closed: This status indicates that the project gate has been reviewed or approved and the project can move to the next phase or stage. Approve and Draft are not project gate statuses, but actions that can be performed on a project gate. Approve is an action that allows a gate approver to approve a project gate and change its status to Closed. Draft is an action that allows a gate owner to create or edit a project gate and change its status to Open. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-execution.html#OAPFM2356251
NEW QUESTION # 23
Your customer wants a project start date to cascade to the project tasks but does not want the finish date to be cascaded. Identify the default setup in a project template that can be used to enable this. (Choose the best answer.)
- A. Cascade change to the start date.
- B. Cascade change to the finish date.
- C. Cascade change to the start date and the finish date.
- D. Do not cascade date changes.
Answer: A
Explanation:
Reference https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-control-configuration-manage-financial-and-project-plan-types.html#OAPFM79055 Topic - Project Date Cascade Options Use the Cascade option choice list to determine whether your changes to project dates cascade to tasks.
Use the Basic Information region on the Edit Project Template page to select one of the following options:
Do not cascade project date changes to tasks: Both start and finish dates are editable. However, you must ensure the following:
The project start date is not later than the earliest task date.
The project finish date is not earlier than the latest task date.
Cascade project start date change to affected tasks: You can edit only the project start date.
Cascade project finish date change to affected tasks: You can edit only the project finish date.
Do not cascade project date changes to tasks is the default value. You must select the cascade option each time you change the project dates, as your selection isn't saved for future date changes.
If you select to roll up planned dates for tasks or are using an external application for scheduling, then you can't modify the project start or finish dates.
NEW QUESTION # 24
A consulting services company is currently working on a business transformation project for your client that spans over 10 months. The total contract amount is 250000 USD. They have generated a revenue of 25000 USD and an Invoice of 10000 USD at the end of the first period.
The accounting entry for revenue is:
and accounting entry for invoice is:
What will be the accounting entry when you reclassify the billing offset balances in the first period?
- A. Dr Accounts Receivables 10000 -
Cr Unbilled Receivables 10000 - B. Dr Deferred Revenue 10000 -
Cr Unbilled Receivables 10000 - C. Dr Unbilled Receivables 10000 -
Cr Accounts Receivables 10000 - D. Dr Accounts Receivables 10000 -
Cr Revenue 10000
Answer: C
NEW QUESTION # 25
Where is the Allow Override option for the Default Capitalized Interest Rate Schedule specified?
- A. Manage Capitalized Interest Rate Schedules page
- B. Manage Project Plan Type page
- C. Manage Project Type page
- D. Manage Expenditure Type page
- E. Manage Capitalized Interest Rates page
Answer: E
NEW QUESTION # 26
Your customer wants to generate accounting based on project information associated with the transaction for all subledger transactions. Identify three subledger applications for which the project source is available for deriving accounts when configuring subledger accounting. (Choose three.)
- A. Receipt Accounting
- B. Fixed Asset
- C. Purchasing
- D. Payables
Answer: A,C,D
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-costing-configuration-define-project-costing-integrations.html#OAPFM3094605 Topic - Deriving Projects-Related Accounts
NEW QUESTION # 27
What are three configuration items that you need to set up by using the Project Organizations functional area in Project Financial Management configurations? (Choose three.)
- A. Mange Business Unit
- B. Manage Project Unit Organizations
- C. Mange Project Types
- D. Manage Project Unit Options
- E. Manage Project Organization Classifications
Answer: B,D,E
Explanation:
Reference https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project-organizations.html#OAPFM3094543 Topic - Manage Project Unit Organizations
NEW QUESTION # 28
Identify the three contract attributes from Project Performance Data that are used in Project Performance dashboard regions. (Choose three.)
- A. Projects
- B. Contract Line
- C. Contract Header
- D. Expenditure Type
- E. Task
Answer: A,B,E
Explanation:
Reference https://docs.oracle.com/cloud/farel9/projectcs_gs/FAUAR/F1537947AN10251.htm
NEW QUESTION # 29
Which product offering simplifies the planning, budgeting, and forecasting capabilities as part of Project Management Cloud?
- A. Enterprise Contract Management
- B. Project Costing
- C. Project Billing
- D. Project Control
Answer: D
Explanation:
Project Control is the product offering that simplifies the planning, budgeting, and forecasting capabilities as part of Project Management Cloud. Project Control allows you to create and manage project plans, budgets, and forecasts using various methods and sources. You can also monitor and control project performance and variances using dashboards and reports. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-plans.html#OAPFM2356061
NEW QUESTION # 30
Which product offering simplifies the planning, budgeting, and forecasting capabilities as part of Project Management Cloud?
- A. Enterprise Contract Management
- B. Project Costing
- C. Project Billing
- D. Project Control
Answer: D
NEW QUESTION # 31
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. R
- C. S
- D. Q
Answer: B
Explanation:
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
NEW QUESTION # 32
Your customer wants additional project information for detailed account balance maintenance, reconciliation, and reporting. Identify the configuration in subledger accounting that can be set up to fulfill this requirement. (Choose the best answer.)
- A. Supporting Reference
- B. Accounting Method
- C. Accounting Rule
- D. Journal Rules
- E. Mapping Sets
Answer: A
Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125357.htm#OAPFM1125357 Assignment of Supporting Reference Supporting references may be used to capture transaction values on journal entry lines. A supporting reference can be used on a journal entry rule set only if it's assigned a source from the event class of the journal entry rule set.
Creating Supporting Reference: Explained
Supporting references are used to store additional source information about a subledger journal entry at the line level.
Supporting references with balances establish subledger balances for a particular source and account for a particular combination of supporting references plus the account combination.
For example:
If a journal line contains a supporting reference that includes two sources, Customer Type and Customer Name.
Balances are created for the account combination, plus customer name and customer type.
Examples of how you may want to use supporting reference balances are to:
Facilitate reconciliation back to the subledgers and source systems by tagging journal entries with transaction and reference attributes.
Create balances by dimensions not captured in the chart of accounts.
Reporting using dimensions not captured in the chart of accounts.
Enrich Oracle Fusion Business Intelligence Applications reporting on subledger journals.
Profit and loss balances by dimensions not captured in the chart of accounts Define supporting references to hold additional supporting information for detailed account balance maintenance or reconciliation and reporting requirements.
NEW QUESTION # 33
Your customer has different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates will be populated in such invoices? (Choose two.)
- A. Project accounting date is the last day of the open project accounting period.
- B. Project accounting date is the first day of the first open project accounting period.
- C. Accounting date is the same as the original invoice date.
- D. Accounting date is the first day of the first open accounting period.
- E. Project accounting date is the same as the original invoice date.
Answer: D,E
NEW QUESTION # 34
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Oracle 1z0-1057-22 certification exam is ideal for project managers, project leads, and anyone who is responsible for managing projects using Oracle Project Management Cloud. Oracle Project Management Cloud 2022 Implementation Professional certification exam is a great way to demonstrate your expertise in this area and enhance your career prospects. By passing this certification exam, you can prove to potential employers that you have the skills and knowledge necessary to manage projects effectively using Oracle Project Management Cloud.
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