[Q51-Q68] Updated Jul-2022 Test Engine to Practice Test for 1Z0-1057-21 Exam Questions and Answers!

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Updated Jul-2022 Test Engine to Practice Test for 1Z0-1057-21 Exam Questions and Answers!

Oracle Project Management Cloud 2021 Implementation Essentials Certification Sample Questions and Practice Exam

NEW QUESTION 51
You want tocreate a few project roles so as to restrict accessin 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? (

Project Manager- Security based on Project Assignment

Project Billing Specialist- Security based on Contract BU

Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue

Project Executive- Security basedon Project Hierarchy

Project Team Member- Security based on Project Assignment

NEW QUESTION 52
Whichthreeare part of using the Rapid Implementation for Project Financial Management Applications macro-enabled Microsoft Excel spreadsheet to enter setup data?

Prepare setup data.

Import Projects.

Generate CSV files.

Upload setup data.

File Importand Export.

NEW QUESTION 53
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.)

billing events

bill plan

expenditure items

billing controls

invoice method

NEW QUESTION 54
Your customer has a requirement toimport and process third-party transactions that are “costed” and
“accounted”.
Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)

Import Options

Document Options

Transaction Source Options

Document Entry Options

NEW QUESTION 55
Your customer has the following setups onthe project plan type that they are using for their projects:
Use Task Planned Dates as Task Assignment Dates = Yes
Automatically Roll Up Task Planned Dates = Yes
Synchronize Task Transaction Dates with Planned Dates = No
With these setups in place, youperform the following actions:
1. Create a new subtask (Sub Task 1) with a start date of 15-Jun-2016 on the project that has as start date of
01-Jul-2016.
2. Create another new subtask (Sub Task 2) after the previous action is saved.
What would thecorrect behavior of the application be after these actions? (Choose the best answer.)

After the creation of Sub Task 1, Project Start Date would remain unchanged as 01-Jul-2016 and Sub Task 2 would be created with 15-Jun-2016.

After the creation andsaving of Sub Task 1, Task Start Date would be changed to 01-Jul-2016 and Sub Task 2 would be created with 01-Jul-2016.

After the creation of Sub Task 1, Project Start Date would be changed to 15-Jun-2016 and Sub Task 2 would be created with 15-Jun-2016.

Project Start Date would remain unchanged as 01-Jul-2016 for both actions but the start dates on both subtasks would remain 15-Jun-2016.

NEW QUESTION 56
Identify three correct statements about project types. (Choose three.)

Project type can be usedas a source

Project type can beenabled for both billing and capitaliz

Summarization options can be specified at project type.

Classifications can be assigned

Project type can be associated with multiple project units.

NEW QUESTION 57
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 andadded 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 application role relevant to the China business unit is not assigned to the project accountant.

The project accountant isnot assignedto the external rolethat 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.

NEW QUESTION 58
Your customer wants to calculate Estimate to Complete (ETC) as the difference between Current Planned Cost andActual Cost. In Progress Settings, which option would you use in conjunction with the ETC method to meet this requirement? (Choose the best answer.)

Effort

Cost

Manual Entry

Remaining Plan

NEW QUESTION 59
Whichthreefile-based data imports are available for use in Oracle Project Portfolio Management Cloud?

Project Budgets

Project Tasks

Project Billing Events

Project Templates

NEW QUESTION 60
Your customer complains that their project resources do not report their time promptly, which has resulted in incorrect reporting of project performance. What should you do to fix this problem? (Choose the best answer.)

Enable track missing time at

Enable track missing time at project type.

Enable track missing time at project template.

Enable track missing time atbusiness unit.

NEW QUESTION 61
Identify the valid approval group type applicable to Oracle Project Financial Management Cloud. (Choose the best answer.)

Position

Dynamic

Static

Flexfield

Job

NEW QUESTION 62
Whichthreeare true of what you can do in the Project Requirements work area?

Create an implementation project.

Organizebacklogitems by requirements.

Create an execution project.

Create project tasks forbacklogitems.

Manage your list ofbacklogitems.

NEW QUESTION 63
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.)

Only new expenditure items charged to the task use the new burden schedule; expenditure itemsprocessed earlier cannot be reprocessed.

Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.

You can enable automatic reprocessing of expenditureitems processed before the burden schedule change.

All expenditure items charged to the task use the new burden schedule.

NEW QUESTION 64
Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page.
An HCM person is included in a condition with a process ordervalue of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

For the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic orderbased on the condition name.

For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.

The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

NEW QUESTION 65
You search for resources to fulfill a project resource request but are unable to proceed after receiving the following error message: “Thesearch for resources cannot be completed because the project resource search index is not available. Contact your help desk.” Identify the cause for this error message. (Choose the best answer.)

The index is not in the process.

The index has been built.

The index is in the process of being updated.

The most recent update of the index finished successfully.

NEW QUESTION 66
You want to export your project plan to Oracle Project Financial Management Cloud after initial scheduling is complete in MicrosoftProjects. Identify three conditions that must be met forexporting milestone tasks.( Choose three.)

only one labor resource assignment with 100 effort

lowest-level tasks set up with non-zero duration

lowest-level tasks set up with zero duration

only one labor resource assignment with 0 effort

percent work complete values of 0 or 100 percent

NEW QUESTION 67
Which three tools are available for accessing REST APIs?

cURL

Web Browser

Oracle Transactional Business Intelligence

Programming Language

NEW QUESTION 68
You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contractLine 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).
Then Bill Plan A is allocated against Project X – Task 10, and Bill Plan B is allocated against Project Y – Task
30.
Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario. (Choose two.)

Both the contract lines create only a single invoice because they are using the same contract.

Two invoices are created using the same contract.

Bill set number drives the grouping of transactions.

Invoice generation does not depend on bill plan. The invoices are created based on the contract line.