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1z0-1057-24 Latest Test Prep, 1z0-1057-24 Practice Guide

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Oracle 1z0-1057-24 Exam Syllabus Topics:

Topic
Details

Topic 1

Configure Project Performance Reporting: This section assesses the skills of performance reporting analysts and includes configuring and managing key performance indicators for project performance reporting to monitor and evaluate project success effectively.

Topic 2

Describing Applications Security: Aimed at security administrators, this section covers the Applications Security Console, identification of roles in a seeded security implementation, and management of roles and duties to ensure secure access and operations.

Topic 3

Configure Project Control: This section measures the skills of project control specialists and focuses on managing project budgets and forecasts to maintain control over project financials and performance.

Topic 4

Configure Project Management: Aimed at project execution managers, this section describes common project execution components, managing issues and deliverables, project requirements, configuring social networks for project execution, managing project gates, and using Application Composer for project execution management to ensure seamless project operations.

Topic 5

Setting up Common Project Configuration: Targeting project configuration specialists, this section involves managing Subledger Accounting, setting up Project Financial Management Organizations, and managing Reference Data Sharing to ensure consistent and accurate financial reporting.

Topic 6

Using Program Management: Targeting program managers, this section involves using program management and reporting tools to oversee multiple projects and ensure alignment with organizational objectives.

Topic 7

Configure Project Resource Management: This section measures the skills of resource managers and focuses on defining project enterprise labor resources to optimize resource allocation and utilization.

Topic 8

Configure Project Foundation: This section assesses the skills of project foundation specialists and includes setting up project calendars and periods, defining types and categorizations, managing project resources, describing rate schedules, project types, setting up transaction sources, and managing labor schedules to establish a solid foundation for project management.

Topic 9

Project Management Overview: This section assesses the skills of project management consultants and focuses on understanding the components of Oracle Project Management Cloud, including its integration capabilities.

Topic 10

Describing Navigation, User Experience, Personalization, and Approvals: Targeting user experience designers, this section evaluates knowledge of business processes supported by approvals and workflows, setting up approval and notification tasks, and concepts related to navigation, user experience, and personalization within the application.

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Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q15-Q20):

NEW QUESTION # 15
Which data format is supported by SOAP Web services to establish communication between web services consumers and web services providers?

A. CSV
B. XML
C. JSON
D. XLSX

Answer: B

Explanation:
XML (Extensible Markup Language) is the data format that is supported by SOAP (Simple Object Access Protocol) Web services to establish communication between web services consumers and web services providers. XML is a standard format that allows data to be exchanged across different platforms and applications. SOAP Web services use XML to encode the messages and data that are sent and received between the web services endpoints. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio- management/20c/oapfm/integrate-project-financial-management.html#OAPFM2356071

NEW QUESTION # 16
Which product offering enables you to collaboratively plan and deliver projects by leveraging intuitive and integrated scheduling tools?

A. Resource Management
B. Project Control
C. Project Costing
D. Project Management

Answer: D

Explanation:
Project Management is the product offering that enables you to collaboratively plan and deliver projects by leveraging intuitive and integrated scheduling tools. Project Management allows you to create and manage project plans, tasks, deliverables, issues, milestones, gates, etc. using various methods and sources. You can also monitor and control project progress and performance using dashboards and reports. Resource Management is the product offering that enables you to optimize the utilization and allocation of resources for projects and tasks. Resource Management allows you to create and manage resource requests, assignments, pools, calendars, etc. using various criteria and sources. You can also monitor and analyze resource availability and demand using dashboards and reports. Project Control is the product offering that enables you to simplify the planning, budgeting, and forecasting capabilities for projects and tasks. Project Control allows you to create and manage project budgets, forecasts, financial plans, etc. using various methods and sources.
You can also monitor and control project costs and variances using dashboards and reports. Project Costing is the product offering that enables you to capture and process project costs from various sources and applications. Project Costing allows you to create and manageproject transactions, expenditures, assets, etc.
using various rules and options. You can also generate project costing and accounting entries using dashboards and reports. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c
/oapfm/overview-project-financial-management.html#OAPFM2356301

NEW QUESTION # 17
You have defined two expenditure types but they are not available for selection when you enter an expenditure batch.
What is the reason for this problem?

A. The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.
B. The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.
C. The two expenditure types are not assigned to the reference data set that is assigned to the project- owning organization in which the transaction is performed.
D. The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.

Answer: A

Explanation:
The reason for this problem is that the two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed. Expenditure types are a type of reference data that can be shared across different business units or organizations using reference data sets. To make an expenditure type available for selection when you enter an expenditure batch, you need to assign it to the reference data set that is assigned to the project unit of the transaction. The project unit determines the reference data set for expenditure types. The reference data sets that are assigned to the project expenditure organization, the business unit, or the project-owning organization do not determine the reference data set for expenditure types. These reference data sets may determine other types of reference data such as expenditure categories, expenditure item dates, etc. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio- management/20c/oapfm/manage-project-costs.html#OAPFM2356231

NEW QUESTION # 18
You have been hired as a project manager for implementing the Project FinancialManagement and Project Execution Management offering by an organization. The Chief Information Officer of the deploying organization has requested you to explain the benefits of using the implementation project-based approach over the functional area-based approach.
Which two are the main benefits of using the implementation projects within Functional Setup Manager?
(Choose two.)

A. Implementation Project helps you to monitor progress of the setup tasks.
B. Implementation Project helps you to use the manage setup data entry in bulk option.
C. Implementation Project helps in assigning responsibility of managing setup data to a broad group of users.
D. Implementation Project gives you the flexibility to set up different functional areas of the offering at different times.

Answer: A,C

Explanation:
Some of the main benefits of using the implementation projects within Functional Setup Manager are:
* Implementation Project helps in assigning responsibility of managing setup data to a broad group of users. You can assign tasks to different users who are responsible for entering and validating setup data for different functional areas of the offering.
* Implementation Project helps you to monitor progress of the setup tasks. You can track the status and completion percentage of each task and view the dependencies and prerequisites among tasks.
Implementation Project does not give you the flexibility to set up different functional areas of the offering at different times, as this is determined by the configuration package that you select for your implementation. Implementation Project does not help you to use the manage setup data entry in bulk option, as this is a separate feature that allows you to import and export setup data across instances using spreadsheets. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c
/oapfm/implement-project-financial-management-applications.html#OAPFM2356051

NEW QUESTION # 19
You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
Associated Project Budgeted Cost: USD 300
Contract Amount: USD 1000
Project Funded Amount: USD 750
Sum of Existing Revenue Events: USD 80
Identify the Associated Project Spent revenue that will get generated based on the preceding details. (Choose the best answer.)

A. USD 184
B. USD 120
C. USD 70
D. USD 134

Answer: C

Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/manage-project-contract- revenue.html#OAPJB164173 Associated Project Percent Spent Example The following formula calculates the percent spent revenue for the associated project.
((Sum of ITD Actual Cost for every subtask that is part of the associated task/Sum of Total Budgeted cost for every task that is part of associated task) xAssociated Project Funded Amount) - Sum of Existing Invoice Event Amounts for the Associated Project ((60/300) x750) - 80 =70 ((Actual Cost / Budgeted Cost) x Budgeted Revenue) - Sum of Revenue Event Amount

NEW QUESTION # 20
......

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