Cause all that matters here is passing the Oracle 1z0-1057 exam. Cause all that you need is a high score of 1z0-1057 Oracle Project Portfolio Management Cloud 2021 Implementation Essentials exam. The only one thing you need to do is downloading Ucertify 1z0-1057 exam study guides now. We will not let you down with our money-back guarantee.
Check 1z0-1057 free dumps before getting the full version:
NEW QUESTION 1
You have projects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that these distribution set lines are not validated against the project transaction controls and you are allowed to save it without any validation errors. Identify the reason why the project transaction controls are not applied. (Choose the best answer.)
- A. There is no expenditure type information available on the distribution set line.
- B. There is no expenditure organization information available on the distribution set line.
- C. There is no expenditure item date information available on the distribution set line.
- D. The account code combination is not available on the distribution set line.
Answer: C
Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/18c/oapfm/project-costing-configuration-de
How can I validate distribution sets for projects information?
Oracle Fusion Projects performs validations on Oracle Fusion Payables distribution sets for payables invoices at the time you create the actual distribution set lines. It validates the project and task number during the invoice validation.
Distribution sets are typically used on recurring transactions, and the associated project does not have transaction controls. When you create a distribution set in Oracle Fusion Payables, the distribution set line is not validated against the project transaction controls in Oracle Fusion Projects because you do not enter an expenditure item date, which is required for transaction control validation. The expenditure item date is not provided because you use the distribution sets for an indefinite period of time.
NEW QUESTION 2
Your customer wants to generate accounting based on project information associated with the transaction for all subledger transactions. Identify three subledger applications for which the project source is available for deriving accounts when configuring subledger accounting. (Choose three.)
- A. Receipt Accounting
- B. Payables
- C. Fixed Asset
- D. Purchasing
Answer: ABD
Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-costing-configuration-de
NEW QUESTION 3
You have defined two expenditure types, but they are not available for selection when you enter an expenditure batch. Identify the reason for this problem. (Choose the best answer.)
- A. The two expenditure types are not assigned to the reference data set that is assigned to the project unitin which the transaction is performed.
- B. The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.
- C. The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.
- D. The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.
Answer: A
Explanation:
Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf (19A Part # F11256-01) Chapter 3 – Define Project Organizations
NEW QUESTION 4
You have been asked to set up one active person, who is not a team member in the project, as a quality manager for each quality task created under projects. However, when you try to assign the quality manager as Task Manager, you cannot find the person's name in the list of values. What is the reason for this problem? (Choose the best answer.)
- A. The “Require Task Managers to be Project Team Members” profile option is set to No.
- B. The “Require Task Managers to be Project Team Members” profile option is set to Yes.
- C. The quality manager belongs to a department that is not associated with the project.
- D. The quality manager is not assigned with a supervisor.
Answer: B
Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/introducing-oracle-project-portfo
NEW QUESTION 5
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. Identify the reason for this problem. (Choose the best answer.)
- 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.
Answer: B
Explanation:
Reference https://docs.oracle.com/cloud/r13_update17b/projectcs_gs/OAPJC/OAPJC1071490.htm#OAPJC1071482
NEW QUESTION 6
Your organization has been awarded a new contract based on which you are allowed to sell:
Items not tracked in inventory Inventory items Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)
- A. Create two contract lines with a line type each of “free-form, project-based buy agreement” and “bundle sell, project-based”.
- B. Create two contract lines with a line type each of “sell intent, free-form, project-based” and “sell intent, item, project-based”.
- C. Create two contract lines with a line type each of “product, project-based, sell agreement, standalone” and “sell intent, item, project-based”.
- D. Create two contract lines with a line type each of “sell intent, item, project-based’ and “subscription, project-based, sell”.
Answer: B
NEW QUESTION 7
Which two statements are true about a project in “Draft” status? (Choose two.)
- A. Project managers can view draft projects on the Project Manager Dashboard and use the projects for requirements planning.
- B. Project managers can neither view draft projects on the Project Manager Dashboard nor use the projects for requirements planning.
- C. Team members can see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
- D. Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
Answer: AD
Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPEM/OAPEM1122096.htm The following table lists the project statuses and what you can do with projects in that status. Project Status
What you can do? Draft
Project managers can view draft projects in the Project Manager Dashboard and use the projects for requirements planning. Team members can't see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
Active Project managers can view active projects in the Project Manager Dashboard and use the projects for requirements planning, project execution, and reporting. Team members can view task assignments on active projects on the Team Member Dashboard and My Work area.
Pending Close Project managers can view pending projects in the Project Manager Dashboard and use the projects for project tracking, and reporting. Team members can view task assignments on pending projects on the Team Member Dashboard and My Work area.
Submitted Project managers can view submitted projects in the Project Manager Dashboard and use the projects for project tracking, and reporting. Team members can view task assignments on submitted projects on the Team Member Dashboard and My Work area
Closed Project managers can't view closed projects in the Project Manager Dashboard or use the projects for requirements planning, project execution, and reporting. Team members can't view tasks of closed projects on the Team Member Dashboard or in the My Work area.
NEW QUESTION 8
Which two attributes are available while enabling a task as a business object for social networking?
- A. Task
- B. Project Number
- C. Task Number
- D. Creation Date
- E. Project
Answer: BC
NEW QUESTION 9
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.)
- A. 1000B.-900C.800D.600
Answer: B
Explanation:
Budget 5,000Actuals 800Commitment 600 ETC = Budget – Actuals – Commitment
ETC = 5,000-800-600 = 3,600 Budget available for next 4 months = 3,600/4 = 900/month
NEW QUESTION 10
You want to create a few project roles so as to restrict access in the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (Choose two.)
- A. Project Executive- Security based on Project Hierarchy
- B. Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
- C. Project Manager- Security based on Project Assignment
- D. Project Billing Specialist- Security based on Contract BU
- E. Project Team Member- Security based on Project Assignment
Answer: CE
Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracl
NEW QUESTION 11
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.)
- A. P
- B. Q
- C. R
- D. S
Answer: C
Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/evaluate-and-assign-resources.h
NEW QUESTION 12
Your customer has implemented Oracle Project Portfolio Management Cloud recently and they have hired new employees for their Professions Services business. These employees are set up in Oracle Human Capital Management Cloud, but the Project Administrators are unable to add them as resources in the Planning Resource Breakdown Structure.
What are three conditions for new employees to show up in the list? (Choose three.)
- A. Current date is before the effective date of the resource, and you did not enable the “Include people with future-dated effective start dates” option during the search.
- B. All new employees created as persons must have an active supervisor.
- C. All new employees created as persons must be assigned to a department.
- D. All new employees created as persons must have an active assignment.
- E. All new employees created as persons must have an active project role.
Answer: ACD
Explanation:
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:
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. 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. Persons assigned as project managers aren't active as of the project start date. 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.
NEW QUESTION 13
When scheduling the Update Project Performance Data process to run on a periodic basis, which summarization method would you select? (Choose the best answer.)
- A. Bulk
- B. Detail
- C. Incremental
- D. Summary
Answer: C
Explanation:
Reference
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project-organizations.htm
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 Method Usage
Incremental
Summarizes new transactions that are yet to be summarized Delete and re-summarize
Correct summary data when the source system data changes outside the regular transaction 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 structure
Migrate all summary data from one resource breakdown structure version to the next.
If you select this option, you must also specify the resource breakdown structure header.
NEW QUESTION 14
Your client organization has recently undergone a restructuring exercise that has resulted in the creation of new jobs. The Resource Breakdown Structure (RBS) was previously created with existing jobs, and now the new jobs have been added to the existing Resource Breakdown Structure.
Identify the correct statement about the RBS and new resources. (Choose the best answer.)
- A. If the “Allow resource changes at project level” option is set to No, the new resources and resource formats that are added to a Planning Resource Breakdown Structure for one project are not available for other projects.
- B. If the “Allow resource changes at project level” option is set to No for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.
- C. If the “Allow resource changes at project level” option is set to Yes for the RBS, the new resources are available automatically at project level.
- D. If the “Allow resource changes at project level” option is enabled for the RBS, the new resources added at project level are automatically reflected in the RBS.
Answer: B
Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/implementing-project-financial
NEW QUESTION 15
Your company uses an accounting calendar with periods that are identical to calendar months. A contract resource has been identified to work for six months on an accounting close cycle project. The resource is planned to start with 10 days left in the first period and to end 20 days into the last period. For the remaining periods, the resource must be loaded on all working days of the month. You are required to distribute the budget, forecast, and planning amounts across periods based on the task duration.
Which predefined spread curve must be used to meet this requirement? (Choose the best answer.)
- A. Daily Spread Basis
- B. Back Loaded
- C. Bell Curve
- D. S-Curve
- E. Even
Answer: A
Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-control-configuration-m
Predefined Spread Curves
Name Description Dist. Factors
Even
Linear distribution of financial or project plan values across periods. 10-10-10-10-10-10-10-10-10-10
Prorated Even
Linear distribution of financial or project plan values across periods, with an exception of the first period and last period in the financial plan. Financial or project plan values for the first period and last period are prorated based on the number of days in the period.
* 10-10-10-10-10-10-10-10-10-10
Back Loaded
Back-loaded distribution of financial or project plan values across periods. Assigned amounts increase over succeeding periods.
* 0-5-10-15-20-25-30-35-40-45
Front Loaded
Front-loaded distribution of financial or project plan values across periods. Assigned amounts decrease over succeeding periods.
* 45-40-35-30-25-20-15-10-5-0
S Curve
S- shaped distribution of financial or project plan values across periods. 18-10-8-10-15-17-18-17-15-8
Bell Curve
Bell-shaped distribution of financial or project plan values across periods. Assignment of plan values is highest in the middle periods.
* 0-4-10-12-14-12-10-4-0-0
Daily Spread Analysis
Spread is based upon the number of days in each financial period throughout the duration of the task assignment. Amounts are proportionally distributed throughout all periods for the duration of the task assignment
None
NEW QUESTION 16
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
Answer: B
Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjm/project-administrator-job-role.ht
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)
NEW QUESTION 17
Which four notification templates are predefined?
- A. Password Reset Template
- B. New Account Template
- C. Forgot Password Template
- D. Forgot Username Template
- E. New Account Manager Template
Answer: ABDE
Explanation:
https://docs.oracle.com/en/cloud/saas/sales/18c/oscus/setting-up-applications-security.html#OSCUS2287154
Predefined Notification Templates Notification Template
Description
Password Expiry Warning Template
Warns the user that a password is expiring soon and provides instructions for resetting the password. Password Expiration Template
Notifies the user that a password has expired and provides instructions for resetting the password. Forgot User Name Template
Sends the user name to a user who requested the reminder. Password Generated Template
Notifies the user that a password has been generated automatically and provides instructions for resetting the password.
Password Reset Template
Sends a reset-password link to a user who requested a new password.
Users can request new passwords by selecting the Forgot Password link on the application Sign In page, or by selecting the Password option on the Preferences page (Settings and Actions > Set Preferences).
Password Reset Confirmation Template
Notifies the user when a password has been reset. New Account Template
Notifies a user when a user account is created and provides a reset-password link. New Account Manager Template
Notifies the user's manager when a user account is created.
When you create a user category, it's associated automatically with the predefined notification templates, which are all enabled.
You can't edit the predefined templates. However, you can create templates and disable the predefined versions. Each predefined event can be associated with only one enabled notification template at a time.
NEW QUESTION 18
You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? (Choose two.)
- A. Enter progress for tasks.
- B. Receive email notifications about changes that team members make to a task.
- C. View task details and the task activity stream.
- D. Edit task details.
Answer: BC
Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/execute-project-tasks-and-deliv
Followers are persons who aren't working on the task but have an interest in reviewing the task progress. Only the resources and other followers can add followers to a task. If a resource assigns the task to another team member, the application automatically changes the original resource to a follower.
What's the difference between my tasks and tasks that I follow?
You can edit task details and enter progress for your tasks on the Manage Tasks page. If a task has multiple resources, only the primary resource can edit the task. When you follow a task, you can view the task details and see the task activity stream. You receive e-mail notifications of changes that team members make to the task. If a resource reassigns the task to another team member, then the previous resource automatically becomes a follower.
NEW QUESTION 19
Which three features are part of Oracle Fusion Functional Setup Manager?
- A. feature opt-in for a best fit configuration
- B. export and import services for setup data migration between environments
- C. guided task list for end-to-end setup requirements
- D. updating an implementation project task list by changing the opt-in configuration to suit the latest requirements
- E. modifying an existing implementation project task list by selecting more functional areas when needed
Answer: ABC
Explanation:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/oafsm/applications-cloud-using-func Functional Setup Manager offers the following:
• Standardized application configuration and setup experience
• Feature opt-in for a best fit configuration
• Flexible processes for managing setup:
Setup by functional areas for an adopt-as-you-go approach Implementation projects to manage setup
Upload file to enter setup data in bulk
• Guided task list for end-to-end setup requirements
• Export and import services for setup data migration between environments
• Comprehensive reporting on setup data
NEW QUESTION 20
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 class categories and codes.
Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)
- A. Class codes should be associated with a related set code.
- B. Class categories should be assigned to business unit.
- C. Class categories should be assigned to project type.
- D. Class codes should be assigned to project unit.
Answer: AC
Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundation-configuratio
NEW QUESTION 21
Which setup option is common to both financial and project plan types?
- A. Manage the options for creating control budgets in Oracle Fusion Budgetary Control.
- B. Enable the entry of plan amounts in currencies other than the project currency.
- C. Identify whether the plan type is the default selection when you create budget or forecast versions.
- D. Enable the use of a workflow for managing budget or forecasting status changes.
Answer: B
Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-control-configuration-m
Financial and Project Plan Setup Options
The following table describes the basic budget, forecast, or project plan setup options that determine how a plan type is used in the context of a project. Except for third-party scheduling, you can't edit these options at the project level.
Option Location Description
Planning amounts Financial plan type
Indicates that the financial plan type supports the creation of versions with the following amounts: Cost amounts Revenue amounts
Both cost and revenue amounts Either cost or revenue amounts Approved budget or primary forecast
Financial plan type
Determines whether a financial plan type is used for creating approved budget versions or primary forecast versions that are used for plan comparison or project performance reporting.
Default financial plan type Financial plan type
Determines whether the financial plan type is the default selection when you create budget or forecast versions.
Workflows Financial plan type
Enables the use of a workflow for managing budget or forecast status changes. Third-party scheduling software
Project plan type
Indicates whether project planning is performed in Microsoft Project.
If third-party scheduling is disabled in the project plan type, you can use the associated project or project template to create a project in Microsoft Project. However, you can't export the new project or link it to one created in Oracle Fusion Project Portfolio Management.
Multiple transaction currencies Financial and project plan type
Enables entry of plan amounts in currencies other than the project currency. Budgetary control settings
Financial plan type
Manages options for creating control budgets in Oracle Fusion Budgetary Control.
NEW QUESTION 22
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.
Which three are parameters that are based on which the system identifies the new resources?
- A. Department
- B. Project Unit
- C. Jobs
- D. Business Unit
- E. Organization
Answer: CDE
Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/fapfm/implementing-project-execution
NEW QUESTION 23
......
P.S. Easily pass 1z0-1057 Exam with 91 Q&As Thedumpscentre.com Dumps & pdf Version, Welcome to Download the Newest Thedumpscentre.com 1z0-1057 Dumps: https://www.thedumpscentre.com/1z0-1057-dumps/ (91 New Questions)
