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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

Which three are true of what you can do in the Project Requirements work area?

A. Create an implementation project.

B. Organize backlog items by requirements.

C. Create an execution project.

D. Create project tasks for backlog items.

E. Manage your list of backlog items.

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Correct Answer: BDE

Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapem/manage-project-requirements.html#OAPEM874365 Project Requirements: Explained Requirements enable you to capture your business needs. If you manage projects using the Agile development methodology, you start by identifying the high-level requirements and decomposing them further to manage the completion of work on the requirement.

You use the Project Requirements work area to: Organize backlog items by requirements Manage your list of backlog items Create project tasks for backlog items

Questions 5

You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project 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 to define deliverables for your project requirements that are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works.

Which two are correct statements in this scenario? (Choose two.)

A. The association of a deliverable with a task is dependent on associating a requirement with a task.

B. You associate a deliverable with a task independent of associating a requirement with a task.

C. A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.

D. A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.

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Correct Answer: BD

According to Oracle sources1, the inheritance between requirements, tasks, and deliverables works as follows:

You can associate a deliverable with a task independent of associating a requirement with a task. You can also associate a deliverable with a requirement independent of associating a task with a requirement1. A deliverable associated with a

requirement is not automatically associated with the tasks created for that requirement. You must manually associate the deliverable with the tasks that produce it1.

Therefore, the correct answer is B and D.

1: Can deliverables for projects and tasks be inherited from associated requirements?-docs.oracle.com (index 1)

In Oracle Project Management, you can define requirements, tasks, and deliverables for your project based on your project methodology and lifecycle. Requirements are statements of needs or expectations that must be met by the project outcome. Tasks are units of work that must be performed to complete the project. Deliverables are products or services that are produced or provided as part of a task or requirement. Two correct statements about how the inheritance between requirements, tasks, and deliverables works are: You associate a deliverable with a task independent of associating a requirement with a task. This means that you can create a deliverable for a task regardless of whether the task is linked to a requirement or not. A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement. This means that you have to manually associate a deliverable with a task even if both the deliverable and the task are linked to the same requirement.

Questions 6

Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs for rate-based planning resources. (Choose the best answer.)

A. Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule

B. Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate

C. Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule

D. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule

E. Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule

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Correct Answer: D

Reference https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_8718794B26A7BB93E040D30A6 88149A3

Questions 7

Which data format is supported by SOAP Web services to establish communication between web services consumers and web services providers?

A. CSV

B. XML

C. JSON

D. XLSX

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Correct Answer: B

XML (Extensible Markup Language) is the data format that is supported by SOAP (Simple Object Access Protocol) Web services to establish communication between web services consumers and web services providers. XML is a standard format that allows data to be exchanged across different platforms and applications. SOAP Web services use XML to encode the messages and data that are sent and received between the web services endpoints. Reference: https:// docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/integrate-project-financial-management.html#OAPFM2356071

Questions 8

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 9

Using Oracle Time and Labor, your client wants to put in a validation process that allows only a certain number of maximum hours an employee can charge in a day, and a minimum of hours he or she can report in a week.

What feature would you use to meet this requirement? (Choose the best answer.)

A. project time validation rules

B. time calculation rules

C. time entry rules

D. time audit rules

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Correct Answer: C

To put in a validation process that allows only a certain number of maximum hours an employee can charge in a day, and a minimum of hours he or she can report in a week, you need to use time entry rules. Time entry rules allow you to define the conditions and actions for validating time entries based on various attributes such as hours, dates, projects, tasks, etc. You can also specify the error messages and severity levels for the time entry rules. Reference: https:// docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-time-and-labor.html#OAPFM2355991

Questions 10

A consulting services company is currently working on a business transformation project for your client, which spans multiple years. At the first period close, the consulting services company has recognized revenue and the accounting entry created is:

Dr Unbilled Receivables 40,000

Cr Revenue 40,000

At the end of the period, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)

A. Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000

B. Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000

C. Dr Accounts Receivables 40,000Cr Revenue 40,000

D. Dr Unearned Revenue 40,000Cr Revenue 40,000

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Correct Answer: B

When the invoice is created, the unbilled receivables balance is reduced and the accounts receivables balance is increased by the invoice amount. This is because the revenue has already been recognized and the invoice is just a request for payment from the customer. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/project-accounting.html#OAPFM2355710

Questions 11

Which four standard objects can you configure to include business specific attributes by using Application Composer for Project Execution Management? (Choose four.)

A. Project Gates

B. Project Resource Request

C. Project Issues

D. Project Milestones

E. Project Resource Assignment

F. Project Deliverables

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Correct Answer: ACDF

Application Composer is a tool that allows you to configure standard objects or create custom objects to include business specific attributes for Project Execution Management. Four of the standard objects that you can configure using Application Composer are: Project Gates: These are checkpoints that mark the completion of a phase or stage in a project lifecycle. Project Issues: These are problems or risks that affect the progress or outcome of a project. Project Milestones: These are significant events or achievements that indicate the status or completion of a project or task. Project Deliverables: These are products or services that are produced or provided as part of a project or task. Project Resource Request and Project Resource Assignment are not standard objects that you can configure using Application Composer. These are features that allow you to request and assign resources for projects and tasks based on various criteria such as availability, qualifications, preferences, etc. Reference: https://docs.oracle.com/en/cloud/saas/projectportfolio-management/20c/oapfm/manage-projectexecution.html#OAPFM2356201

Questions 12

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

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Correct Answer: ABDE

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.

Questions 13

Which product offering simplifies the planning, budgeting, and forecasting capabilities as part of Project Management Cloud?

A. Enterprise Contract Management

B. Project Billing

C. Project Control

D. Project Costing

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Correct Answer: C

Project Control is the product offering that simplifies the planning, budgeting, and forecasting capabilities as part of Project Management Cloud. Project Control allows you to create and manage project plans, budgets, and forecasts using various methods and sources. You can also monitor and control project performance and variances using dashboards and reports. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-projectplans.html#OAPFM2356061

Exam Code: 1Z0-1057-23
Exam Name: Oracle Project Management Cloud 2023 Implementation Professional
Last Update: May 03, 2025
Questions: 126

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