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  • Exam Name: Oracle Project Management Cloud 2024 Implementation Professional
  • Last Update: Sep 12, 2025
  • Questions and Answers: 126
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1z0-1057-24 Practice Exam Questions with Answers Oracle Project Management Cloud 2024 Implementation Professional Certification

Question # 6

Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)

A.

Project Contract-based costing

B.

Project Contract-based billing

C.

Project Contract Collection Center

D.

Contract Team Connect

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Question # 7

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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Question # 8

As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes in HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers. (Choose the best answer.)

A.

Pool Membership

B.

attributes that the project enterprise resources are assigned after creation

C.

Jobs

D.

Person Type

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Question # 9

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? (Choose two.)

A.

Project Executive- Security based on Project Hierarchy

B.

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

C.

Project Manager- Security based on Project Assignment

D.

Project Billing Specialist- Security based on Contract BU

E.

Project Team Member- Security based on Project Assignment

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Question # 10

Identify three correct statements about the integration of Primavera P6 Enterprise Project Portfolio Management and Oracle Project Portfolio Management Cloud. (Choose three.)

A.

Event completion flowsfrom Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.

B.

Billing events flow from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.

C.

Summarized actual quantity and cost flowfrom Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.

D.

Projects and task definitions flowfrom Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.

E.

Project plans and progress flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.

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Question # 11

What are three configuration items that you need to set up by using the Project Organizations functional area in Project Financial Management configurations? (Choose three.)

A.

Manage Project Unit Organizations

B.

Mange Business Unit

C.

Manage Project Organization Classifications

D.

Mange Project Types

E.

Manage Project Unit Options

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Question # 12

Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page. An HCM person is included in a condition with a process order value 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.)

A.

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.

B.

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

C.

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.

D.

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.

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Question # 13

Which two statements describe how the Resource Qualification Score is calculated?

A.

An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have the qualification.

B.

An individual's score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.

C.

An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification that meets the specified proficiency.

D.

An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification with a proficiency that is lower or higher than specified.

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Question # 14

You are trying to create a custom infolet but are not able to find the "Create Infolet" option in the Infolet repository window. Whichtwosteps should be completed before you can access the "Create Infolet" option?

A.

You must activatePage Composer.

B.

You should be on the Project Custom Objects page.

C.

You must be in anactive sandbox.

D.

You should enable the "Create Infolet" option from the Personalize Springboard page.

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Question # 15

Which product offering enables you to collaboratively plan and deliver projects by leveraging intuitive and integrated scheduling tools?

A.

Resource Management

B.

Project Control

C.

Project Management

D.

Project Costing

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Question # 16

Your customer has a requirement to import and process third-party transactions that are “costed” and “accounted”.

Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)

A.

Import Options

B.

Document Options

C.

Transaction Source Options

D.

Document Entry Options

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Question # 17

You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they review the rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month. Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)

A.

Allocate rental costs once each accounting period by using the“full” allocation method.

B.

Allocate to all eligible tasks and prorate the allocation by thetotal actual raw costaccrued for each task during theprevious accounting period.

C.

Define allocation basis by using Actual Amounts with a project-to-date amount class.

D.

Define allocation basis by using Actual Amounts with aperiod-to-date amount class.

E.

Allocate rental costs once each accounting period by using the “spread evenly” allocation method.

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Question # 18

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

A.

Prepare setup data.

B.

Import Projects.

C.

Generate CSV files.

D.

Upload setup data.

E.

File Import and Export.

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Question # 19

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.

Business Process Manager

D.

Functional Setup Manager

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Question # 20

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.)

A.

Enable track missing time atproject unit.

B.

Enable track missing time at project type.

C.

Enable track missing time at project template.

D.

Enable track missing time at business unit.

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Question # 21

Identify three correct statements about project types. (Choose three.)

A.

Project type can be usedas a sourcein subledger accounting.

B.

Project type can beenabled for both billing and capitalization.

C.

Summarization options can be specified at project type.

D.

Classifications can be assignedat project type.

E.

Project type can be associated with multiple project units.

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Question # 22

Identify thethreecontract attributes from Project Performance Data that are used in Project Performance dashboard regions. (Choose three.)

A.

Expenditure Type

B.

Projects

C.

Contract Line

D.

Contract Header

E.

Task

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Question # 23

Which setup option is common to both financial and project plan types?

A.

Manage the options for creating control budgets in Oracle Fusion Budgetary Control.

B.

Enable the entry of plan amounts in currencies other than the project currency.

C.

Identify whether the plan type is the default selection when you create budget or forecast versions.

D.

Enable the use of a workflow for managing budget or forecasting status changes.

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Question # 24

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

A.

Create an implementation project.

B.

Organizebacklogitems by requirements.

C.

Create an execution project.

D.

Create project tasks forbacklogitems.

E.

Manage your list ofbacklogitems.

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Question # 25

You have defined two expenditure types but they are not available for selection when you enter an expenditure batch.

What is the reason for this problem?

A.

The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.

B.

The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.

C.

The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.

D.

The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.

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Question # 26

Your customer has a requirement to allow adjustment and reversals for transactions imported from an external expense entry system.

Which section on the Manage Project Transaction Sources page will allow you to enable these options?

A.

Documents

B.

Transaction Source

C.

Document Entries

D.

Transaction Entries

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Question # 27

When implementing Project Performance Reporting, your customer has the following requirements:

    Every time a project cost is greater than or equal to a threshold, then the project should be shown as critical.

    As long as a project cost is less than the threshold, the project should be shown as on-track.

Which threshold level rule is ideal for this kind of KPI definition? (Choose the best answer.)

A.

multiple threshold levels

B.

single threshold level value

C.

single threshold level range

D.

multiple threshold level value

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Question # 28

You have been hired as a project manager for implementing the Project FinancialManagement 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.)

A.

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

B.

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

C.

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

D.

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

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Question # 29

Which two statements are true about the cross-charge method, Borrowed and Lent?

A.

This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations within a legal entity.

B.

Costs or revenue are shared based on transfer price rules with this method.

C.

You must set up the contract business unit to use this method.

D.

This method creates a formal internal invoice.

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Question # 30

Which two statements are true about a project in “Draft” status? (Choose two.)

A.

Project managers can view draft projects on the Project Manager Dashboard and use the projects for requirements planning.

B.

Project managers can neither view draft projects on the Project Manager Dashboard nor use the projects for requirements planning.

C.

Team members can see the tasks from draft projects on the Team Member Dashboard or in the My Work area.

D.

Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My Work area.

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Question # 31

While creating a new project template, you notice that a default Asset Cost Allocation method is being automatically associated. Identify the source setup from which the default value is being inherited. (Choose the best answer.)

A.

project classification

B.

project type

C.

project unit

D.

project organization

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Question # 32

Your customer wants a team member who is assigned to a project to beable to create and submit a forecast, butnot to be able to approve the forecast. What is the default project role that you should assign to the person in the project to meet this requirement? (Choose the best answer.)

A.

Project Manager

B.

Project Administrator

C.

Project Application Administrator

D.

Project Accountant

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Question # 33

While opening an organization tree on the Manage Organization Trees page, you notice that the hierarchy status is displayed as Inactive. Identify the two reasons for the organization tree to be in Inactive status. (Choose two.)

A.

You usedCreate Treein the action menu.

B.

You used Create Tree Version in the action menu.

C.

You used View Tree Version in the action menu.

D.

You selected theEdit iconfor opening the hierarchy.

E.

You opened the hierarchy by clicking the name.

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Question # 34

You have closed the project accounting period with a warning, but you are unable to close the accounting period due to an error.

Identify two reasons for this problem. (Choose two.)

A.

The corresponding Oracle Payables Cloud accounting period has not been closed.

B.

Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.

C.

Pending burden summarization items have not been processed.

D.

Unaccounted transactions are not imported.

E.

Unaccounted transactions have not been swept to the next period.

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Question # 35

Your organization has been awarded a new contract based on which you are allowed to sell:

    Items not tracked in inventory

    Inventory items

    Services

Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)

A.

Create two contract lines with a line type each of “free-form, project-based buy agreement” and “bundle sell, project-based”.

B.

Create two contract lines with a line type each of “sell intent, free-form, project-based” and “sell intent, item, project-based”.

C.

Create two contract lines with a line type each of “product, project-based, sell agreement, standalone” and “sell intent, item, project-based”.

D.

Create two contract lines with a line type each of “sell intent, item, project-based’ and “subscription, project-based, sell”.

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Question # 36

Which three tasks can be performed using the project requirements work area? (Choose three.)

A.

creating projects and tasks in the context of backlog items.

B.

creating issues for the backlog items.

C.

adding scrum master to backlog items.

D.

tracking backlog item status from the requirement storyboard.

E.

creating change orders for the backlog items.

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Question # 37

Which three are valid password complexity criteria while setting up password policies? (Choose three.)

A.

Complex: At least 8 characters, 1 uppercase, and 1 number

B.

Very Complex: At least 8 characters, 1 uppercase, 1 number, and 2 special characters

C.

Very Complex: At least 6 characters, 1 uppercase, 1 number, and 1 special character

D.

Very Complex: At least 8 characters, 1 uppercase, 1 number, and 1 special character

E.

Simple: At least 8 characters and 1 number

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