27 June, 2020

All About Validated 1z0-1057 Latest Exam

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Total 91 questions Full Exam Access

Question 1

Which three file-based data imports are available for use in Oracle Project Portfolio Management Cloud?

Project Budgets

Project Tasks

Project Billing Events

Project Templates

Question 2

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.)

Effort

Cost

Manual Entry

Remaining Plan

Question 3

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.)

The index is not in the process.

The index has been built.

The index is in the process of being updated.

The most recent update of the index finished successfully.

Question 4

Your customer wants to see how quantity, cost, and revenue amounts are automatically distributed by using Spread Curve. Identify two period options that are available for this purpose. (Choose two.)

Calendar Types

Project Accounting Periods

Accounting Periods

PA Calendar

PA-GL Periods

Question 5

Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page. An HCM person is included in a condition with a process order value of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

For the three conditions that have the same process order value of 10, the records are processed inascending alphabetic order based on the condition name.

For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.

The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

Question 6

A project administrator is trying to assign a team member for a project but cannot find the person in the team member list on the Project Definition page. What is the reason for this problem? (Choose the best answer.)

The employee is not assigned to the project-owning organization.

The employee is not assigned with a supervisor.

Project roles are not assigned in the project.

The employee is not assigned to a department.

My answer: -

Reference answer: D

Reference analysis:

Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation-configuratio
Why can\'t I find persons in the list of resources when I enter team members, planning resources, or person rate schedules?
You can\'t find persons in the list of resources when you enter team members, planning resources, or person rate schedules in the following situations:
$\"1Z0-1057$ The administrator didn\'t assign a department while creating users. Persons must have an active assignment and be assigned to a department in Oracle Fusion Human Capital Management before they can be added as team members or entered as resources on the planning resource breakdown structure or person rate schedule.
$\"1Z0-1057$ The resource isn\'t active in Oracle Fusion Human Capital Management because the current date is before the effective date of the resource. If you want to include persons who will start in the future, select the Include people with future-dated effective start dates option when you search for the person.
$\"1Z0-1057$ Persons assigned as project managers aren\'t active as of the project start date.
$\"1Z0-1057$ The assignment of the person is terminated, and an appropriate value isn\'t set for the number of days to display people with terminated assignments. You can set the profile value appropriately at the site profile level using the Specify Number of Days to Display People with Terminated Assignments task in the Setup and Maintenance work area.

Question 7

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

Project Contract-based costing

Project Contract-based billing

Project Contract Collection Center

Contract Team Connect

Question 8

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 set up to meet the customer requirement? (Choose the best answer.)

assignment to one set only with common values

assignment to one set only; no common values allowed

assignment to multiple sets; common values allowed

assignment to multiple sets; no common values allowed

My answer: -

Reference answer: D

Reference analysis:

Reference
https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-enterprise-structures.html#FACIA4
Reference Data Sharing Methods
Variations exist in the methods used to share data in reference data sets across different types of objects. The following list identifies the methods:
Assignment to one set only, no common values allowed. This method is the simplest form of sharing
reference data that allows assigning a reference data object instance to one and only one set. For example, Asset Prorate Conventions are defined and assigned to only one reference data set. This set can be shared across multiple asset books, but all the values are contained only in this one set.
Assignment to one set only, with common values. This method is the most commonly used method of sharing reference data that allows defining reference data object instance across all sets. For example, Receivables Transaction Types are assigned to a common set that is available to all the business units. You need not explicitly assign the transaction types to each business unit. In addition, you can assign a business unit-specific set of transaction types. At transaction entry, the list of values for transaction types includes the following:
Transaction types from the set assigned to the business unit.
Transaction types assigned to the common set that is shared across all business units.
Assignment to multiple sets, no common values allowed. The method of sharing reference data that allows a reference data object instance to be assigned to multiple sets. For instance, Payables Payment Terms use this method. It means that each payment term can be assigned to one or more than one set. For example, you assign the payment term Net 30 to several sets but assign Net 15 to a set specific only to your business unit. At transaction entry, the list of values for payment terms consists of only the set that is assigned to the transaction\'s business unit.
Note: Oracle Fusion Applications contains a reference data set called Enterprise. Define any reference data that affects your entire enterprise in this set. Also update the data set going forward as you create new reference data items.

Question 9

Identify two attributes for which you can enter budgets that will be considered for Budgetary Controls in Project Portfolio Management. (Choose two.)

project

expenditure item

project classification

project plan type

resource

Question 10

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.)

Create a revenue method with a revenue method classification of Amount Based.

Create a revenue method with a revenue method classification of Rate Based.

Create a revenue method classification with a revenue method of Percent Spent.

Create a revenue method classification with a revenue method of Percent Complete.

Question 11

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.)

Cascade change to the start date.

Do not cascade date changes.

Cascade change to the finish date.

Cascade change to the start date and the finish date.

Question 12

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

Run Process to transfer data to interface tables.

Install an Excel add-in.

Upload the file to the server.

Download an Excel template.

Populate the spreadsheet with data and generate a CSV file.

Import data into various applications.

Question 13

Which application would you use to map application roles to external roles? (Choose the best answer.)

Oracle Identify Manager

Authorization Policy Manager

BPM Work List

Security Console

My answer: -

Reference answer: B

Reference analysis:

Ref: https://docs.oracle.com/cd/E17904_01/doc.1111/e14431/managing.htm#APMAG3333 Fusion Middleware Administrator\'s Guide for Authorization Policy Manager Managing Security Artifacts
This chapter describes the procedures an administrator follows to manage application-specific security artifacts, view the external role hierarchy, manage the application role hierarchy, and manage the
many-to-many mapping of application roles to external roles from both the application and the external role point of view.
This chapter is divided into the following sections:
$\"1Z0-1057$ Managing Application Security Artifacts
$\"1Z0-1057$ Viewing the External Role Hierarchy
$\"1Z0-1057$ Managing the Application Role Hierarchy
$\"1Z0-1057$ Mapping Application Roles to an External Role
$\"1Z0-1057$ Mapping External Roles to an Application Role
Role Mapping Policy
$\"1Z0-1057$ A Role Mapping Policy is used to determine what external subjects (users, groups or External Roles) are assigned to the applicable Application Role. The Application Role, when referenced in an Authorization Policy, defines the principals affected by the Authorization Policy. Role Mapping Policies may also include conditions
Oracle Identity Manager – Not used for mapping application roles to external roles How do Users Interact with Oracle Identity Manager?
Oracle Identity Manager provides an end-user interface, called the Identity Self Service console, and a system administrator interface, called the Identity System Administration console. Both end-users and system administrators use the web browser to log on to Oracle Identity Manager. Oracle Identity Manager (OIM)
$\"1Z0-1057$ OIM provision users, roles, and defines what a user can do in Oracle Cloud
$\"1Z0-1057$ Duty Roles are mapped to jobs and assigned access privileges (Data Security)

Question 14

A consulting services company is currently working on a business transformation project for your client, which spans multiple years. At the first period close, the consulting services company has recognized revenue and the accounting entry created is:
Dr Unbilled Receivables 40,000 Cr Revenue 40,000
At the end of the period, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)

Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000

Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000

Dr Accounts Receivables 40,000Cr Revenue 40,000

Dr Unearned Revenue 40,000Cr Revenue 40,000

Question 15

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.)

1000B.-900C.800D.600

Question 16

Identify three correct statements about the integration of Primavera P6 Enterprise Project Portfolio Management and Oracle Project Portfolio Management Cloud. (Choose three.)

Event completion flows from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.

Billing events flow from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.

Summarized actual quantity and cost flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.

Projects and task definitions flow from Oracle Project Portfolio Management Cloud to Primavera P6Enterprise Project Portfolio Management.

Project plans and progress flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.

My answer: -

Reference answer: ACD

Reference analysis:

Ref: https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49622/F1125394AN6D254.htm
Primavera P6 Enterprise Project Portfolio Management and Oracle Fusion Project Portfolio Management: How They Work TogetherUse Oracle Fusion Project Integration Gateway to integrate Oracle Fusion Project Portfolio Management with Primavera P6 Enterprise Project Portfolio Management. The integration enables project accountants, project billing specialists, and executives to centrally perform project costing, billing, accounting, and executive reporting tasks in Oracle Fusion Project Portfolio Management while enabling each project manager to perform detailed project planning and scheduling in Primavera P6 Enterprise Project Portfolio Management.
Oracle Fusion Project Integration Gateway ensures data security, integrity, and efficiency by defining a set framework in which data is exported from and imported into Oracle Fusion Project Portfolio Management.
The following table and diagram provide an overview of the flow of information.
Information Type From Application To Application
Global integration information
Oracle Fusion Project Portfolio Management Primavera P6 Enterprise Project Portfolio Management Projects and task definition
Oracle Fusion Project Portfolio Management Primavera P6 Enterprise Project Portfolio Management Summarized project actual quantity and cost
Oracle Fusion Project Portfolio Management Primavera P6 Enterprise Project Portfolio Management Project plans and progress
Primavera P6 Enterprise Project Portfolio Management
Oracle Fusion Project Portfolio Management Billing events
Oracle Fusion Project Portfolio Management Primavera P6 Enterprise Project Portfolio Management Event completion
Primavera P6 Enterprise Project Portfolio Management Oracle Fusion Project Portfolio Management

Question 17

As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes in HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers. (Choose the best answer.)

Pool Membership

attributes that the project enterprise resources are assigned after creation

Jobs

Person Type

My answer: -

Reference answer: D

Reference analysis:

Reference https://docs.oracle.com/cloud/farel8/projectcs_gs/OAPEX/F1082603AN23E61.htm
Manage Project Enterprise Labor Resource Maintenance Conditions
Project Enterprise Labor Resources: How They Are Automatically Created and Maintained
Run the Maintain Project Enterprise Labor Resources process to create resources, remove resource availability for staffing, and maintain the resource search index.
Settings That Affect the Maintain Project Enterprise Labor Resources Process
Create and maintain project enterprise labor resources by defining a set of conditions that specify the employees and contingent workers in Oracle Fusion Human Capital Management (HCM) to create as resources in Oracle Fusion Project Portfolio Management. Define the resource attribute values, such as the resource calendar and primary project role, to assign to the new resources.
The following table lists the criteria that you define for selecting HCM persons to create as project enterprise labor resources.
Selection Criteria Description Person type
Select the HCM person type for the process to use as criteria when selecting HCM persons to create as resources. Available person types are employees, contingent workers, or both employees and contingent workers.
Option to select people based on job
Select this option for the process to create resources for HCM persons with specific jobs.
Caution If you do not select job criteria for this condition, the process will create resources for all eligible people based only on the person type.
Jobs
If you selected the option to select people based on job, then select the jobs for the process to use as HCM person selection criteria.
The following table lists the attributes for which you specify values to assign to resources that are created for the condition.
Resource Attribute Description
Option to manage resource availability and staffing
Select this option for resource managers to manage the availability and project staffing of resources who are created based on the condition. Resources who are managed in Oracle Fusion Project Resource Management are eligible to fulfill project resource requests.
Calendar
Select the resource calendar for resources that are created based on the condition. The resource calendar defines the work schedule for project enterprise labor resources, and includes working days and hours and any exceptions, such as holidays.
Primary project role
Select the primary project role for resources that are created based on the condition. Project roles are maintained in Oracle Fusion Project Management.
Cost rate and currency
Enter the cost rate and currency for resources that are created based on the condition. Bill rate and currency
Enter the bill rate and currency for resources that are created based on the condition.

Question 18

Your organization has created an Enterprise Project Structure (EPS) and your executives review the overall project labor demand by using the EPS. Identify two correct statements about the periodic project labor demand. (Choose two.)

Labor Demand FTE is calculated as Quarterly Allocation hours divided by Quarterly FTE hours, if aquarter is used as the basis for viewing labor demand.

Labor Demand FTE is calculated as Yearly Allocation hours divided by Yearly FTE hours, if a year is used as the basis for viewing labor demand.

Labor Demand FTE is calculated as Project Allocation hours divided by Project FTE hours, if project duration is used as the basis for viewing labor demand.

Labor Demand FTE is calculated as Monthly Allocation hours divided by Monthly FTE hours, if a period is used as the basis for viewing labor demand.

My answer: -

Reference answer: AB

Reference analysis:

Reference https://docs.oracle.com/cloud/farel10/projectcs_gs/OAPEM/OAPEM1461017.htm#OAPEM1313472
Project Labor Demand: How It\'s Calculated
Project executives want to track the labor demand in projects in their organization. The Project Hierarchy Viewer provides project executives a hierarchical view of the enterprise project structure (EPS) along with the labor demand in terms of full-time equivalent (FTE).
Settings That Affect Project Labor Demand
Project application administrators must do the following to set up how project labor demand is calculated: $\"1Z0-1057$ Organize projects into hierarchical groups on the Manage Enterprise Project Structure page.
$\"1Z0-1057$ 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.
How Project Labor Demand Is Calculated
The Project Hierarchy Viewer calculates project labor demand in the following manner:
$\"1Z0-1057$ Spreads the allocation hours from the Manage Project Resources page evenly over the days that the resources are allocated to the project.
$\"1Z0-1057$ Divides the quarterly project allocation hours by the quarterly FTE hours to get the labor demand.
$\"1Z0-1057$ Rolls up the quarterly and annual labor demand up the hierarchy.

Question 19

Identify two correct role templates available on the Oracle Entitlement Server to generate roles for Project Organization Security. (Choose two.)

Project Manager Template for Project Organization Security

Project Administrator Template for Project Organization Security

Project Creator Template for Project Organization Security

Project Accountant Template for Project Organization Security

Project Billing Specialist Template for Project Organization Security

My answer: -

Reference answer: BC

Reference analysis:

Reference
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracl
Ref to “Securing Project Financial Management and Grants Management Applications”
Table lists predefined enterprise roles and the type of security that grants the role access to data in a work area or dashboard.
Enterprise Role
Work Area or Dashboard Data Security Based On Project Accountant
Asset
Project business unit Project Accountant Costs
Project expenditure business unit Project Accountant
Revenue
Contract business unit
Project Administrator
Project Financial Management Project business unit
Project organization Project Billing Specialist Invoices
Contract business unit Project Creator
Project Financial Management Project business unit
Project organization Project Management Duty
Project Management Infolet Dashboard Project assignment
Project Management Duty Project Performance Dashboard Project assignment
Project Manager
Project Management Infolet Dashboard Project assignment
Project Manager
Project Performance Dashboard Project assignment
Project Manager Project Management Project assignment
Project Manager
Project Manager Dashboard Project assignment
Project Team Member
Project Financial Management Project assignment
Grants Accountant Invoices
Contract business unit Grants Accountant Revenue
Contract business unit Grants Administrator Awards
Contract business unit Grants Administrator Contracts
Contract business unit Grants Administrator
Project Financial Management Project business unit
Principal Investigator Awards
Award assignment Principal Investigator
Contracts
Award assignment Principal Investigator
Project Financial Management Project assignment

Question 20

Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation? (Choose two.)

Manage Project Plan Resource Assignment

Transfer Project

View Project Progress

Allocate Project Expense

Question 21

Identify three correct statements about project types. (Choose three.)

Project type can be used as a source in subledger accounting.

Project type can be enabled for both billing and capitalization.

Summarization options can be specified at project type.

Classifications can be assigned at project type.

Project type can be associated with multiple project units.

Question 22

Your customer has the following setups on the project plan type that they are using for their projects: Use Task Planned Dates as Task Assignment Dates = Yes
Automatically Roll Up Task Planned Dates = Yes Synchronize Task Transaction Dates with Planned Dates = No With these setups in place, you perform the following actions:
* 1. Create a new subtask (Sub Task 1) with a start date of 15-Jun-2016 on the project that has as start date of 01-Jul-2016.
* 2. Create another new subtask (Sub Task 2) after the previous action is saved.
What would the correct behavior of the application be after these actions? (Choose the best answer.)

After the creation of Sub Task 1, Project Start Date would remain unchanged as 01-Jul-2016 and Sub Task 2 would be created with 15-Jun-2016.

After the creation and saving of Sub Task 1, Task Start Date would be changed to 01-Jul-2016 and Sub Task 2 would be created with 01-Jul-2016.

After the creation of Sub Task 1, Project Start Date would be changed to 15-Jun-2016 and Sub Task 2 would be created with 15-Jun-2016.

Project Start Date would remain unchanged as 01-Jul-2016 for both actions but the start dates on both subtasks would remain 15-Jun-2016.

Question 23

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.)

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Total 91 questions Full Exam Access