Oracle Project Management Cloud 2024 Implementation Professional certkingdom actual exam dumps & 1z0-1057-24 pdf practice

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Oracle 1z0-1057-24 Exam Syllabus Topics:

Topic	Details
Topic 1	Using Functional Setup Manager: This section measures the skills of functional setup managers and focuses on understanding the Functional Setup Manager and the Rapid Implementation Workbook, which are essential for configuring and deploying Oracle Project Management Cloud applications.
Topic 2	Setting up Common Project Configuration: Targeting project configuration specialists, this section involves managing Subledger Accounting, setting up Project Financial Management Organizations, and managing Reference Data Sharing to ensure consistent and accurate financial reporting.
Topic 3	Describing Applications Security: Aimed at security administrators, this section covers the Applications Security Console, identification of roles in a seeded security implementation, and management of roles and duties to ensure secure access and operations.
Topic 4	Configure Project Management: Aimed at project execution managers, this section describes common project execution components, managing issues and deliverables, project requirements, configuring social networks for project execution, managing project gates, and using Application Composer for project execution management to ensure seamless project operations.
Topic 5	Configure Project Costing: Aimed at cost management analysts, this section covers configuring the Project Cost Collection Center, managing burdening and allocations, explaining capitalized interest calculations, describing budgetary controls, configuring Time & Labor for projects, and managing integrations to ensure accurate project costing.
Topic 6	Configure Project Control: This section measures the skills of project control specialists and focuses on managing project budgets and forecasts to maintain control over project financials and performance.
Topic 7	Project Management Overview: This section assesses the skills of project management consultants and focuses on understanding the components of Oracle Project Management Cloud, including its integration capabilities.
Topic 8	Describing Navigation, User Experience, Personalization, and Approvals: Targeting user experience designers, this section evaluates knowledge of business processes supported by approvals and workflows, setting up approval and notification tasks, and concepts related to navigation, user experience, and personalization within the application.
Topic 9	Configure Project Foundation: This section assesses the skills of project foundation specialists and includes setting up project calendars and periods, defining types and categorizations, managing project resources, describing rate schedules, project types, setting up transaction sources, and managing labor schedules to establish a solid foundation for project management.
Topic 10	Configure Project Performance Reporting: This section assesses the skills of performance reporting analysts and includes configuring and managing key performance indicators for project performance reporting to monitor and evaluate project success effectively.

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Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q58-Q63):

NEW QUESTION # 58
Where should you specify the Default Capitalized Interest Rate Schedule?

A. Manage Capitalized Interest Rates page
B. Manage Expenditure Type page
C. Manage Project Type page
D. Manage Project Plan Type page
E. Manage Capitalized Interest Rate Schedules page

Answer: C

Explanation:
The Default Capitalized Interest Rate Schedule should be specified on the Manage Project Type page. This option allows you to select a capitalized interest rate schedule that will be used as the default for projects or tasks that use the project type. A capitalized interest rate schedule defines the interest rates and dates that are used to calculate the capitalized interest amount for a project or task. Reference: https://docs.oracle.com/en
/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2356101

NEW QUESTION # 59
Your customer wants to see how quantity, cost, and revenue amounts are automatically distributed by using Spread Curve. Identify two period options that are available for this purpose. (Choose two.)

A. Project Accounting Periods
B. PA-GL Periods
C. Calendar Types
D. Accounting Periods
E. PA Calendar

Answer: A,D

Explanation:
Reference: https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_87F467307D50416BE040D30A68816855 Spread curves let you distribute quantity, cost, and revenue amounts automaticallyacross accounting or project accounting periods. You assign a spread curve to each resource class. Planning resources (in the planning resource breakdown structure) inherit the spread curve setting from the associated resource class.
You can change the spread curve for the planning resource and for any corresponding task assignments, or budget or forecast lines.

NEW QUESTION # 60
Your organization wants to capture the project details for work order labor and equipment resource transactions as part of a project-driven supply chain solution.
Which expenditure type class is recommended for the expenditure types that need to be defined for these type of transactions?

A. Supplier Invoice
B. Usages
C. Inventory
D. Work In Process

Answer: D

Explanation:
The expenditure type class that is recommended for the expenditure types that need to be defined for work order labor and equipment resource transactions is Work In Process. This class indicates that the transactions are related to work orders that are performed as part of a project-driven supply chain solution. This class also allows the transactions to be processed by Oracle Fusion Manufacturing applications and transferred to Oracle Fusion Project Costing applications. Supplier Invoice is not a valid expenditure type class for work order labor and equipment resource transactions. This class indicates that the transactions are related to supplier invoices that are entered in Oracle Fusion Payables applications and transferred to Oracle Fusion Project Costing applications. Usages is not a valid expenditure type class for work order labor and equipment resource transactions. This class indicates that the transactions are related to material usages that are entered in Oracle Fusion Inventory Management applications and transferred to Oracle Fusion Project Costing applications. Inventory is not a valid expenditure type class for work order labor and equipment resource transactions. This class indicates that the transactions are related to inventory movements that are entered in Oracle Fusion Inventory Management applications and transferred to Oracle Fusion Project Costing applications. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm
/manage-project-costs.html#OAPFM2356311

NEW QUESTION # 61
A project administrator is trying to assign a team member for a project but cannot find the person in the team member list on the Project Definition page. What is the reason for this problem? (Choose the best answer.)

A. Project roles are not assigned in the project.
B. The employee is not assigned with a supervisor.
C. The employee is not assigned to the project-owning organization.
D. The employee is not assigned to a department.

Answer: D

Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation- configuration-define-project-resource-breakdown-structures.html#OAPFM180158_2 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 adepartmentwhile creating users. Persons must have an active assignment andbe assigned to a departmentin 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 # 62
Which application generates external roles to grant both function and data security? (Choose the best answer
.)

A. Authorization Policy Manager
B. Oracle Identity Manager
C. Functional Setup Manager
D. Business Process Manager

Answer: B

Explanation:
Authorization Policy Manager (APM)
APM greatly simplifies the creation, configuration, and administration of application policies APMdoes not support the management of users and external roles;these artifacts can only be viewed with the tool.Their provision and management is typically accomplished using Oracle Identity Manager Oracle Identity Manager (OIM) In regard to enterprise users and external roles, Authorization Policy Manager provides viewing and searching functionality only.To manage users and external roles, use Oracle Identity Manager or some other identity management tool.
OIM provision users, roles, and defines what a user can do in Oracle Cloud Duty Roles are mapped to jobs and assigned access privileges (Data Security)

NEW QUESTION # 63
......

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