Exam Code: 1Z0-1057-23
Exam Name: Oracle Project Management Cloud 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Project Financials Management Cloud
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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Project Management- Manage project execution
  • 1. Application Composer usage
  • 2. Project requirements
  • 3. Project gates
  • 4. Issues and deliverables
Topic 2: Project Costing- Manage project costing configuration
  • 1. Budgetary controls
  • 2. Burdening
  • 3. Allocations
  • 4. Cost collection center
  • 5. Time and labor integration
Topic 3: Project Performance Reporting- Configure reporting and KPI tracking
  • 1. Performance KPIs
  • 2. Project reporting configuration
Topic 4: Project Control- Manage project planning and forecasting
  • 1. Project budgets
  • 2. Forecast management
Topic 5: Common Project Configuration- Configure enterprise project settings
  • 1. Project Financial Management organizations
  • 2. Subledger Accounting
  • 3. Reference data sharing
Topic 6: Project Management Overview- Describe the components of Oracle Project Management Cloud
  • 1. Understand project management architecture
  • 2. Explain available integrations
Topic 7: Applications Security- Manage security configuration
  • 1. Roles and duties
  • 2. Applications Security Console
Topic 8: Project Foundation- Configure foundational project structures
  • 1. Project types
  • 2. Project calendars and periods
  • 3. Rate schedules
  • 4. Project resources
  • 5. Transaction sources
Topic 9: Navigation, User Experience, Personalization, and Approvals- Describe user experience features
  • 1. Personalization options
  • 2. Navigation concepts
- Manage approvals and workflows
  • 1. Set up notifications
  • 2. Configure approval tasks
Topic 10: Program Management- Manage programs and reporting
  • 1. Program setup
  • 2. Program reporting
Topic 11: Functional Setup Manager- Configure implementation setup
  • 1. Functional Setup Manager usage
  • 2. Rapid Implementation Workbook
Topic 12: Project Billing- Configure project billing and revenue
  • 1. Transfer pricing
  • 2. Cross charging
  • 3. Revenue management
  • 4. Project invoicing
Topic 13: Project Resource Management- Configure resource management
  • 1. Resource allocation
  • 2. Enterprise labor resources

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. Your company creates a separate project for infrastructure services, so as to track these costs separately and then allocate to 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) spread evenly
B) target percentage and prorate
C) target percentage and spread evenly
D) prorate


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

A) project
B) resource
C) project plan type
D) project classification
E) expenditure item


3. You are now the project manager of a newly created implementation project. Which two items are not part of managing an implementation project?

A) Enable optional functional areas and features by opting in.
B) Select the offering you want to implement.
C) Monitor the progress of completing setup tasks.
D) Generate a list of setup tasks.
E) Assign tasks to various users who are responsible for managing setup data.


4. 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) Manage Project Organization Classifications
B) Manage Project Unit Organizations
C) Mange Business Unit
D) Manage Project Unit Options
E) Mange Project Types


5. Which two statements are true about a project in "Draft" status?

A) Project managers can view draft projects on the Project Manager Dashboard and use the projects for requirements planning.
B) Team members can see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
C) Project managers can neither view draft projects on the Project Manager Dashboard nor use the projects for requirements planning.
D) Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My Work area.


Solutions:

Question # 1
Answer: B
Question # 2
Answer: A
Question # 3
Answer: C
Question # 4
Answer: B
Question # 5
Answer: A

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