1Z0-1057-24
EXAM Prep QUESTIONS & ANSWERS

Oracle
1Z0-1057-24
Oracle Project Management Cloud 2024
Implementation Professional Exam

Exam Parts/Sections: 20

Total Questions: 124

View 1Z0-1057-24 actual exam questions, answers and explanations for free.

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Contains the Following Exam Topics:

Exam Topic: Microsoft Project Prevalidation: Explained

The following table describes Prevalidation rules for tasks and resource assignments.

Level Rule

Lowest-level One labor and multiple expense resources are allowed for a lowest-level task.
tasks Remove other resources.

Summary Only one labor resource with zero allocation is allowed for a summary task. Remove tasks all other resources.

Milestone No subtasks are allowed under milestone tasks. Milestones must be lowest-level tasks tasks.

Milestone Milestone tasks must have zero duration.
tasks

Milestone Only one labor resource, with zero effort, is allowed for a milestone task. Remove all tasks other resources.

When exporting milestone tasks, ensure that the tasks:

Are lowest-levels task with zero duration, that is, the same start and finish dates.

Have only one labor resource assignment with zero effort.

Have percent work complete values of 0 or 100 percent. Any other values are set to zero before export.

Exam 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.

Exam 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

Exam Topic: Invoice and Revenue Rates: How They Are Determined

Oracle Fusion Project Billing uses bill rates, burdening, and transfer price schedules to derive standard bill rates, multipliers, markups, and bases for calculating potential revenue when the revenue method classification on a revenue plan is as billed, as incurred, or rate based. Similarly, bill rates derive invoice amounts when the invoice method classification on a bill plan is rate based.

Exam Topic: 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.

Exam Topic: 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.

Exam Topic: Contract Actions and Status Changes: Explained

This Exam Topic does not have a case study.

Exam 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

Exam Topic: Settings That Affect Performance Data Summarization

You can summarize performance data for a project unit, business unit, a range of projects, or projects managed by a project manager.
When you run the Update Project Performance Data process from the Scheduled Processes page, select one of the summarization methods from the following table:

Summarization Usage
Method

Incremental Summarizes new transactions that are yet to be summarized

Delete and re- Correct summary data when the source system data changes outside the regular transaction summarize flow.

Do not use this summarization method when you run the Update Project Performance Data Without Producing Report process unless you are advised to do so.

Resource breakdown Migrate all summary data from one resource breakdown structure version to the next.
structure
If you select this option, you must also specify the resource breakdown structure header.

Exam Topic: How Resource Mapping Is Calculated

You can track the cost impact of every resource that has been assigned to a project task and use the resource breakdown structure to view the breakdown of these costs. Oracle Fusion Projects associates the costs of the resources used for tasks with branches and levels in the resource breakdown structure. The process for determining the correct association is managed by rules of precedence.

Oracle Fusion Projects uses the following rules to associate cost amounts with resources:

Select the lowest level in the resource breakdown structure to which a transaction can map.

If there is only one level to which the transaction maps, the cost amounts are mapped to that level.

If the transaction maps to more than one level, Oracle Fusion Projects sums the precedence numbers for all resource types in the branch and gives precedence to the resource element in the branch with the lowest sum.

If more than one branch has the lowest precedence number at the lower level, the application uses the precedence number of the next level up.

If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with the lowest number at the lowest level.

If one branch contains a user-defined resource type, precedence is given to the branch that does not contain a user-defined resource type.

Note Oracle Fusion Projects gives more precedence to a lower precedence number. For example, a resource element with a precedence number of 1 is given precedence over a resource element with a precedence number of 10.

Exam Topic - Entering Planning Resource Breakdown Structure Details

Click Navigator > Setup and Maintenance, and search for the Manage Planning and Billing Resource Breakdown Structures task.

Click the Manage Planning and Billing Resource Breakdown Structures link.

Use the Manage Planning and Billing Resource Breakdown Structures page to create new planning resource breakdown structures and to review existing planning and billing resource breakdown structures.

Click the Create icon in the Planning Resource Breakdown Structures section. Use the Create Planning Resource Breakdown Structure: Basic Information page to provide basic resource breakdown structure information including the name, active dates, and project unit.

Enter a planning resource breakdown structure name and select a date from which the resource breakdown structure is available for use.

Optionally, provide a description and a date to which the planning resource breakdown structure is available for use.

Select a project unit. Only projects created for the selected project unit can use this planning resource breakdown structure.

If you want to allow project managers to add planning resources at the project level, then select the Allow resource changes at project level check box.

Tip: Changes at the project level don't move back to the parent planning resource breakdown structure. Deselect this option to ensure all project using the planning resource breakdown structure use the same resources.

Optionally, select a Job Set as a source of jobs for creating planning resources on your planning resource breakdown structure.

Click Save.

Exam Topic - Manage Project Class Categories

Setting Up Class Categories: Points to Consider

Available as Accounting Source

This option indicates if the class category is available as an accounting source so that Oracle Fusion Subledger Accounting can use the category to create mapping sets, account rules, journal line rules, and description rules.

Only one class category at a time is available as an accounting source in Oracle Fusion Subledger Accounting. To change the class category that Oracle Fusion Subledger Accounting uses, deactivate the old class category and create a new one with a different date range.

Exam Topic  Selecting Organization Hierarchies for the Business Unit

The following conditions are required for an organization to be eligible to be a project expenditure organization:

You must assign the Project Expenditure Organization classification to the organization.

The organization must belong to the hierarchy that you specify in the project implementation options for the business unit.

Exam Topic - Manage Maintenance Conditions for Project Enterprise Labor Resource

This Exam Topic does not have a case study.

Exam Topic - Set Assignments and Project Data  How They Work Together (Page 29)

Business Unit as Set Determinant

Business units enable you to control and report on financial transactions, usually for specific geographical entities within the enterprise. For project management purposes, assign the Project Accounting business function to the business unit.

Business unit is a set determinant for the project-related reference data objects described in the following table.

Ref Data Object Entities

Project Accounting Project Types
Definition

Project Rates Project rate schedules

Project Unit as Set Determinant

Use project units to enforce consistent project management practices across your enterprise. Project unit is a set determinant for the reference data objects described in the following table.

Ref Data Object Entities

Project Definition Class codes, financial plan types, project plan types and project roles

Project Transaction Expenditure types and work types
Types

You can only select class codes, plan types, roles, expenditure types and work types that are assigned to the same set as the project unit. To enable expenditure types and work types for use on projects owned by a project unit, assign the set associated with the Project Transaction Types reference data object to those entities

Exam Topic: Approval Groups

Each approval group includes a set of users that you configure to act on tasks in a certain pattern. Tasks can be defined to get routed to an approval group instead of an individual user. You can nest approval groups within approval groups.

You have two options for defining the group:

Static: Select the specific users to include in the group.

Dynamic: Provide the logic to use to determine the users in the group.

Exam 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.

Exam Topic: Privileges - This table lists privileges granted to duties of the abstract role Project Management Duty.

Granted Role - Project Plan Management

Privilege only A and C are listed

Exam Topic: Associating Project Types and Class Categories: Examples

Project classifications group your projects according to categories and codes that you define.
When you associate project classifications with project types, the classification is available for selection on projects with that project type.

Use any of the following methods to associate class categories with project types:

Add a classification to the project type definition

For each classification that you associate with the project type, you can enable the Assign to All Projects option to automatically add the classification to the project definition for all new projects with the project type.
When this option is enabled, all projects with this project type must be assigned a class code for the class category.

Add a project type to the class category definition

Enable the Assign to all Project Types option on the class category definition

Exam Topic: Deriving Projects-Related Accounts

This Exam Topic does not have a case study.

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Pass your Oracle Project Management Cloud 2024 Implementation Professional exam with these free Actual Questions and Answers

1Z0-1057-24
EXAM Prep QUESTIONS & ANSWERS

Oracle
1Z0-1057-24
Oracle Project Management Cloud 2024
Implementation Professional Exam

Exam Parts/Sections: 20

Total Questions: 124

View 1Z0-1057-24 actual exam questions, answers and explanations for free.

1Z0-1057-24 Exam Discussions & Posts

Free Oracle 1Z0-1057-24 Exam Braindumps

Pass your Oracle Project Management Cloud 2024 Implementation Professional exam with these free Actual Questions and Answers

1Z0-1057-24 EXAM Prep QUESTIONS & ANSWERS

Oracle1Z0-1057-24Oracle Project Management Cloud 2024Implementation Professional Exam

Exam Parts/Sections: 20

Total Questions: 124

View 1Z0-1057-24 actual exam questions, answers and explanations for free.

1Z0-1057-24 Exam Discussions & Posts

1Z0-1057-24
EXAM Prep QUESTIONS & ANSWERS

Oracle
1Z0-1057-24
Oracle Project Management Cloud 2024
Implementation Professional Exam