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Exam2pass > Oracle > Oracle Certifications > 1Z0-1057-23 > 1Z0-1057-23 Online Practice Questions and Answers

1Z0-1057-23 Online Practice Questions and Answers

Questions 4

You want to export your project plan to Oracle Project Financial Management Cloud after initial scheduling is complete in Microsoft Projects. Identify three conditions that must be met for exporting milestone tasks. (Choose three.)

A. only one labor resource assignment with 100 effort

B. lowest-level tasks set up with non-zero duration

C. lowest-level tasks set up with zero duration

D. only one labor resource assignment with 0 effort

E. percent work complete values of 0 or 100 percent

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Correct Answer: CDE

Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapex/define-project-management-configuration.html#OAPEX1357147 Topic-Microsoft Project Prevalidation: Explained The following table describes Prevalidation

rules for tasks and resource assignments.

Level

Rule

Lowest-level tasks

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

Summary tasks

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

Milestone tasks

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

Milestone tasks

Milestone tasks must have zero duration.

Milestone tasks

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

Questions 5

Identify the attribute of a project type that determines if expenditure items are billable , and the amount type to be used as the basis for transfer pricing. (Choose the best answer.)

A. work type

B. event type

C. cost type

D. expenditure type

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Correct Answer: A

Reference

https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125361.htm#OAPFM11 25277 (what's a work type?)

In billing, you can use work types to classify work for the following purposes:

To determine the default billable status of expenditure items. To classify cross-charge amounts into cost and revenue for cross-charge transactions.

Tip: To use work types to determine whether an expenditure item is billable you must set the profile option Work Type Derived for Expenditure Item to Yes. When you create or import expenditure items, the default work type is inherited from

the associated task. Tasks, in turn, inherit work type values from parent tasks and ultimately from the project. Project types determine the default work type value for projects and project templates.

Questions 6

Your customer has separate organizations to maintain indirect, capital, and billing types of projects. Identify the two setups that can be used to fulfill this requirement. (Choose two.)

A. Project Type

B. Business Unit

C. Project Organization Classification

D. Organization Tree

E. Project Accounting Business Function

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Correct Answer: CD

Reference https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1225328.htm

Questions 7

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.)

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

B. 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.

C. 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.

D. 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.

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Correct Answer: AB

Reference

https://docs.oracle.com/cloud/farel10/projectcs_gs/OAPEM/OAPEM1461017.htm#OAPEM 1313472

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:

Organize projects into hierarchical groups on the Manage Enterprise Project Structure page.

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:

Spreads the allocation hours from the Manage Project Resources page evenly over the days that the resources are allocated to the project. Divides the quarterly project allocation hours by the quarterly FTE hours to get the labor demand.

Rolls up the quarterly and annual labor demand up the hierarchy.

Questions 8

You create a project schedule with a Shifts element. Identify two more elements that can be part of a project schedule. (Choose two.)

A. Exceptions

B. Accounting Calendar

C. Workday Patterns

D. Time Off

E. Expenditure Type

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Correct Answer: AC

Reference https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1192914.htm Topic ?Creating Calendars for Projects and Resources: Procedure Project Schedules are used as a base for project and resource calendars in Project Execution Management applications. The smallest scheduling unit is a day. For example, you can define the number of hours in a day but, you can't schedule work for a specific time of the day. The following are the elements of a schedule: Shifts Workday patterns Exceptions

Questions 9

As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do not seem to be right. Based on the calculations, you notice that the amounts calculated are not considering the burden schedule override at a task level, which was done during the second month of the quarter.

What is the reason for this problem?

A. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier cannot be reprocessed.

B. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.

C. You can enable automatic reprocessing of expenditure items processed before the burden schedule change.

D. All expenditure items charged to the task use the new burden schedule.

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Correct Answer: B

Reference https://docs.oracle.com/cloud/r13_update17b/projectcs_gs/OAPJC/OAPJC1071490.htm#O APJC1071482

Questions 10

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.)

A. Effort

B. Cost

C. Manual Entry

D. Remaining Plan

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Correct Answer: B

Below is an example of the Financial Summary view on the Cost tab of the Project Overview page.

https://admhelp.microfocus.com/ppm/en/9.42/Help/Content/UG/PjMUG/images/ProjectOver viewPage_CostTab.gif

Questions 11

Your customer wants a team member who is assigned to a project to be able to create and submit a forecast, but not to be able to approve the forecast. What is the default project role that you should assign to the person in the project to meet this requirement? ( Choose the best answer.)

A. Project Manager

B. Project Administrator

C. Project Application Administrator

D. Project Accountant

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Correct Answer: B

Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjm/project-administrator-jobrole.html#Project_Administrator_privileges Project Manager has duty role `Project Forecast Approval Duty' assigned but Project Administrator has duty role `Project Forecast Inquiry Duty' ?no approval authority Both roles have duty role `Project Forecast Management Duty' which enables them to Allow creation, submission, update, and deletion of working versions of project forecasts. (Cloud _Roles_Duties.xlsx)

Questions 12

Which three are valid password complexity criteria while setting up password policies? (Choose three.)

A. Complex: At least 8 characters, 1 uppercase, and 1 number

B. Very Complex: At least 8 characters, 1 uppercase, 1 number, and 2 special characters

C. Very Complex: At least 6 characters, 1 uppercase, 1 number, and 1 special character

D. Very Complex: At least 8 characters, 1 uppercase, 1 number, and 1 special character

E. Simple: At least 8 characters and 1 number

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Correct Answer: ABD

Password complexity criteria are criteria that determine how strong or secure a password must be for a user account. Password complexity criteria can include requirements such as minimum length, uppercase letters, lowercase letters, numbers, special characters, etc. Three of the valid password complexity criteria while setting up password policies are: Complex: At least 8 characters, 1 uppercase, and 1 number Very Complex: At least 8 characters, 1 uppercase, 1 number, and 2 special characters Very Complex: At least 8 characters, 1 uppercase, 1 number, and 1 special character Simple: At least 8 characters and 1 number is not a valid password complexity criterion while setting up password policies, as this criterion does not meet the minimum security standards for Oracle Cloud applications. Very Complex: At least 6 characters, 1 uppercase, 1 number, and 1 special character is also not a valid password complexity criterion while setting up password policies, as this criterion does not meet the minimum length requirement of 8 characters for Oracle Cloud applications. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financialmanagement.html#OAPFM2356271

Questions 13

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.)

A. The index is not in the process.

B. The index has been built.

C. The index is in the process of being updated.

D. The most recent update of the index finished successfully.

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Correct Answer: C

Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/implementing-project-execution-management-applications.html#FAPFM1724547

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 Code: 1Z0-1057-23
Exam Name: Oracle Project Management Cloud 2023 Implementation Professional
Last Update: May 29, 2026
Questions: 126

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