Oracle Project Management Cloud 2021 Implementation Essentials - 1Z0-1057-21 Exam Practice Test
Whichthreesetups can be configured by using Rapid Implementation for Project Financial Management Applications?
Correct Answer: B,C,D
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Your organization has been using project class categories and codes for reporting purposes and is set up at the project level. You recently defined a new project type, Capital-Contract, and created new class categories named Build, Operate, and Transfer (BOT) and Build, Transfer, and Maintain (BTM), with class codes of Yes/No. But on creation of a project, you are unable to associate these classcategories and codes.
Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)
Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)
Correct Answer: A,B
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Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation? (Choose two.)
Correct Answer: B,D
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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.)
Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)
Correct Answer: C
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As part of maintaining (importing new employees thatwere 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.
Whichthreeare parameters that are based on which the system identifies the new resources?
Whichthreeare parameters that are based on which the system identifies the new resources?
Correct Answer: A,B,E
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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.)
Identify the two setups that can be used to fulfill this requirement. (Choose two.)
Correct Answer: B,C
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You create a project schedulewith a Shifts element. Identify two more elements that can be part of a project schedule. (Choose two.)
Correct Answer: A,D
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You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Portfolio 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 todefine deliverables for your project requirementsthat are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works. Identify the two correct statements in this respect. (Choose two.)
Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want todefine deliverables for your project requirementsthat are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works. Identify the two correct statements in this respect. (Choose two.)
Correct Answer: B,D
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Identify three correct statements about project types. (Choose three.)
Correct Answer: A,D,E
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You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
AssociatedProject 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.)
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
AssociatedProject 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.)
Correct Answer: A
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