[Q25-Q43] 2023 Reliable Study Materials & Testing Engine for 1z0-1057-22 Exam Success!

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2023 Reliable Study Materials & Testing Engine for 1z0-1057-22 Exam Success!

Validate your Skills with Updated 1z0-1057-22 Exam Questions & Answers and Test Engine

Oracle 1z0-1057-22 exam is an ideal certification for professionals who work in project management roles, such as project managers, project coordinators, and project administrators. It is also suitable for individuals who want to enhance their knowledge and skills in project management and work with Oracle technologies. Oracle Project Management Cloud 2022 Implementation Professional certification can help individuals stand out in a competitive job market and increase their career prospects.

NO.25 You have been hired as a project manager for implementing the Project Financial Management and Project Execution Management offering by an organization. The Chief Information Officer of the deploying organization has requested you to explain the benefits of using the implementation project-based approach over the functional area-based approach.
Which two are the main benefits of using the implementation projects within Functional Setup Manager? (Choose two.)

Implementation Project gives you the flexibility to set up different functional areas of the offering at different times.

Implementation Project helps in assigning responsibility of managing setup data to a broad group of users.

Implementation Project helps you to monitor progress of the setup tasks.

Implementation Project helps you to use the manage setup data entry in bulk option.

NO.26 You have been hired as a project manager for implementing the Project Financial Management and Project Execution Management offering by an organization. The Chief Information Officer of the deploying organization has requested you to explain the benefits of using the implementation project-based approach over the functional area-based approach.
Which two are the main benefits of using the implementation projects within Functional Setup Manager? (Choose two.)

Implementation Project gives you the flexibility to set up different functional areas of the offering at different times.

Implementation Project helps in assigning responsibility of managing setup data to a broad group of users.

Implementation Project helps you to monitor progress of the setup tasks.

Implementation Project helps you to use the manage setup data entry in bulk option.

NO.27 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.)

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

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

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

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

NO.28 You are now the project manager of a newly created implementation project. Which two items are not part of managing an implementation project?

Assign tasks to various users who are responsible for managing setup data.

Monitor the progress of completing setup tasks.

Select the offering you want to implement.

Generate a list of setup tasks.

Enable optional functional areas and features by opting in.

NO.29 Which four notification templates are predefined?

Password Reset Template

New Account Template

Forgot Password Template

Forgot Username Template

New Account Manager Template

NO.30 Shift is one of the key elements in defining project and resource calendars.
Which two additional key elements are required to define the project and resource calendars? (Choose two.)

Schedule Exceptions

Workday Patterns

Time off

Expenditure Type

Accounting Calendar

NO.31 Select two correct statements about project classifications on a template. (Choose two.)

Set Code is not required for a project class category in a project classification.

Project Classification is a mandatory field on a project template.

When a project is created from a template, the required project classifications must be entered.

Project class category in a project classification must be associated with a Set Code.

NO.32 Which three Cost Collection Flexfield core attributes can be derived during import if not explicitly entered in a transaction document? (Choose three.)

Billable Flag

Expenditure Type

Capitalizable Flag

Funding Source

Work Type

NO.33 Your client has implemented Oracle Cloud Applications with their United States business unit and United Kingdom business unit. After six months, they acquired another company in China and added a China business unit. A project accountant in your organization is authorized to access transactions for the US, UK, and China business units. The project accountant can see the transactions for the US and UK business units but not for the China business unit. Why is he not able to see the transactions for the China business unit? (Choose the best answer.)

The JOB role relevant to the China business unit is not assigned to the project accountant.

The project accountant is not assigned to the external role that grants access to the China business unit.

The US and UK business units are linked to different ledgers than the China business unit.

The China business unit is associated with a different legal entity than the US and UK business units.

NO.34 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 set up to meet the customer requirement? (Choose the best answer.)

assignment to one set only with common values

assignment to one set only; no common values allowed

assignment to multiple sets; common values allowed

assignment to multiple sets; no common values allowed

Reference https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-enterprise-structures.html#FACIA462453 Reference Data Sharing Methods Variations exist in the methods used to share data in reference data sets across different types of objects. The following list identifies the methods:
Assignment to one set only, no common values allowed. This method is the simplest form of sharing reference data that allows assigning a reference data object instance to one and only one set. For example, Asset Prorate Conventions are defined and assigned to only one reference data set. This set can be shared across multiple asset books, but all the values are contained only in this one set.
Assignment to one set only, with common values. This method is the most commonly used method of sharing reference data that allows defining reference data object instance across all sets. For example, Receivables Transaction Types are assigned to a common set that is available to all the business units. You need not explicitly assign the transaction types to each business unit. In addition, you can assign a business unit-specific set of transaction types. At transaction entry, the list of values for transaction types includes the following:
Transaction types from the set assigned to the business unit.
Transaction types assigned to the common set that is shared across all business units.
Assignment to multiple sets, no common values allowed. The method of sharing reference data that allows a reference data object instance to be assigned to multiple sets. For instance, Payables Payment Terms use this method. It means that each payment term can be assigned to one or more than one set. For example, you assign the payment term Net 30 to several sets but assign Net 15 to a set specific only to your business unit. At transaction entry, the list of values for payment terms consists of only the set that is assigned to the transaction’s business unit.
Note: Oracle Fusion Applications contains a reference data set called Enterprise. Define any reference data that affects your entire enterprise in this set. Also update the data set going forward as you create new reference data items.

NO.35 Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation? (Choose two.)

Manage Project Plan Resource Assignment

Transfer Project

View Project Progress

Allocate Project Expense

NO.36 Which three setups can be configured by using Rapid Implementation for Project Financial Management Applications?

Departments

Expenditure Types

Project Templates

Project Types

NO.37 Which three Cost Collection Flexfield core attributes can be derived during import if not explicitly entered in a transaction document? (Choose three.)

Billable Flag

Expenditure Type

Capitalizable Flag

Funding Source

Work Type

NO.38 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.)

Create a revenue method with a revenue method classification of Amount Based.

Create a revenue method with a revenue method classification of Rate Based.

Create a revenue method classification with a revenue method of Percent Spent.

Create a revenue method classification with a revenue method of Percent Complete.

NO.39 Identify three correct statements about project types. (Choose three.)

Project type can be used as a source in subledger accounting.

Project type can be enabled for both billing and capitalization.

Summarization options can be specified at project type.

Classifications can be assigned at project type.

Project type can be associated with multiple project units.

NO.40 Identify three purposes for which the project resource search index is used. (Choose three.)

Display resource details

Filter counts while you search for resources

Calculate Resource Qualification Scores

Provide absence details for resources

Calculate Resources Availability Scores

NO.41 Which application generates external roles to grant both function and data security? (Choose the best answer.)

Authorization Policy Manager

Oracle Identity Manager

Business Process Manager

Functional Setup Manager

NO.42 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.)

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.

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.

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.

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.

NO.43 Which two attributes are available while enabling a task as a business object for social networking?

Task

Project Number

Task Number

Creation Date

Project