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Oracle 1Z0-1057-21 Exam Syllabus Topics:

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question 1

Your customer wants to perform billing based on the Percent Spent invoice method. Identify two setups that are required in project contracts for calculating invoice amounts as per their requirement. (Choose two.)

A. billing controls
B. billing events
C. expenditure items
D. bill plan
E. invoice method

Question 2

Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction's business unit.
Which reference data sharing method would you setup to meet the customer requirement? (Choose the best answer.)

A. assignment to one set only with common values
B. assignment to one set only; no common values allowed
C. assignment to multiple sets; no common values allowed
D. assignment to multiple sets; common values allowed

Question 3

Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types.
Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

A. Create a revenue method classification with a revenue method of Percent Complete.
B. Create a revenue method with a revenue method classification of Amount Based.
C. Create arevenue method with a revenue method classification of Rate Based.
D. Create a revenue method classification with a revenue method of Percent Spent.

Question 4

You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)

A. On Hold > Pending Approval > Active
B. OnHold > Pending Acceptance > Active
C. Pending Approval > Pending Acceptance > Active
D. Pending Acceptance > Pending Approval > Active

Question 5

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. All new employees created as personsmust have an active assignment.
B. All new employees created as persons must have an active supervisor.
C. Allnew employees created as personsmust be assigned to a department.
D. 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.
E. All new employees created as persons must have an active project role.

Solutions: