Pass Oracle 1Z0-1057-21 exam questions - convert Test Engine to PDF
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NEW QUESTION 53
You are trying to create a custom infolet but are notable 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 should enable the "Create Infolet" option from the Personalize Springboard page.
- B. You should be on the Project Custom Objects page.
- C. You must activatePage Composer.
- D. You must be in anactive sandbox.
Answer: C,D
Explanation:
Explanation
Ref:https://docs.oracle.com/cd/E83857_01/saas/applications-common/18b/oaext/page-modification.html#OAEX
NEW QUESTION 54
Your customer wants to automatically allocate unassigned asset lines and common costs across multiple assets basedon the construction-in-process cost of each asset.Identify the asset allocation method that you must use as the default method while configuring project types to meet this requirement. (Choose the best answer.)
- A. Spread Evenly
- B. Actual Unit
- C. Estimated Cost
- D. Standard Unit Cost
- E. Current Cost
Answer: E
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundation-configura Topic - Asset Cost Allocation Methods: Explained The asset cost allocation method determines how indirect or common costs incurred on a project are allocated to multiple assets.
You can specify an asset cost allocation method to enable Oracle Fusion Project Costing to automatically allocateunassigned asset lines and common costs across multiple assets. Unassigned asset lines typically occur when more than one asset is assigned to an asset grouping level.
Projects and project templates inherit a default asset cost allocation method from the associated project type.
You can override the default at the project level. If you use capital events to allocate costs, then you can also override the asset cost allocation method at the event level.
The following table describes the available asset cost allocation methods.
Method
Basis of Cost Allocation
Actual Units
Number of units defined for each asset
Current Cost
Construction-in-process (CIP) cost of each asset
Estimated Cost
Estimated cost of each asset
Standard Unit Cost
Combination of thestandard unit cost and the number of units defined for each asset Spread Evenly Equal allocation of cost to each asset
NEW QUESTION 55
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 billing
- B. Contract Team Connect
- C. Project Contract-based costing
- D. Project Contract Collection Center
Answer: A
Explanation:
Explanation
Reference
http://www.oracle.com/us/products/applications/fusion/fusion-proj-port-mang-solut-brief-173079.pdf (Page 2)Flexible Contract-Based Billing Traditional contract and billing systems enforce a rigid relationship between a project and a funding agreement, which can constrain project setup and execution.Oracle Fusion Project Portfolio Management provides a highly flexible approachto project contract-based billing via a non-exclusive relationship between multiple projects and tasks with contracts andcontract lines.This means that you will have full control over defining contracts, rates and limits, and when and how to recognize revenue and generate invoices while segregating the planning and execution of your projects.
NEW QUESTION 56
Identify the valid approval group type applicable to Oracle Project Financial Management Cloud. (Choose the best answer.)
- A. Dynamic
- B. Position
- C. Flexfield
- D. Static
- E. Job
Answer: D
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-approval-management.html#FA Topic Approval Groups Each approval group includes a set of users that you configure to act on tasks in a certain pattern. Tasks can be definedto get routed to an approval group instead of an individual user. You can nest approval groups within approval groups.
You have two options for defining the group:
* Static: Select the specific users to include in the group.
* Dynamic: Provide the logic touse to determine the users in the group.
NEW QUESTION 57
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. invoice method
- B. expenditure items
- C. billing events
- D. billing controls
- E. bill plan
Answer: D,E
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/create-customer-contract.htm Bill Plan -Create a bill plan within a contract that uses the invoice method you require. Assign the bill plan to one or more contract lines. A set of instructions on a contract that define how to invoice a customer. Multiple contract lines on a contract can use the same or different bill plans. Invoice Method is used in creating Bill Plan - not a separate setup.
Billing Controls -Contract feature that controls the types of transactions, dates, and amounts a customer may be invoiced for and revenue can berecognized for a contract or contract line. Define billing controls at the contract or contract line level.
Topic -Creating a Contract for Percent Spent Invoice and Revenue Methods: Worked Example This example describes a scenario where transactions fora contract line need to be invoiced and the revenue recognized using the percent spent method.
What are the revenue and invoice method classifications?Percent Spent
What is the billing extension calculation level for the contract line and project association?Project level Summary of the Tasks Create a contract, create the percent spent contract lines, create the bill plan, create the revenue plan.
Prerequisites
* Create a project.
* Create the project plan for percent spent revenue. Specify the plantype on the percent spent billing extension.
* Create an approved cost budget.
* Create cost and burden rates.
* Enter labor and expense transactions for the project.
* Collect costs for the transactions.
Configuration Steps
* Creating the Contract
* Creating the Percent Spent Contract Lines
* Creating the Bill Plan - A set of instructions on a contract that define how to invoice a customer.
Multiple contract lines on a contract can use the same or different bill plans.
* Creating the Revenue Plan - Common set of instructions for recognizing revenue within a contract.
Multiple contract lines on a contract can use the same or different revenue plans.
Invoice method classifications determine how transactions are invoiced. The invoice method determines how invoice amounts are derived.
* Enter an invoice method on a bill plan, which you create for a contract and assign to contract lines to provide a set of instructions for creating an invoice.
* Createbilling controlsfor a contract or contract line to define the valid transaction dates, billing resources, and amount limits for transactions associated with the contract.
* Generate invoices to calculate the invoice amounts for a contract.
The following figure illustrates the components of a project and a contract that determineinvoice amounts, and the relationships between the components.
Project and contract components used to determine invoice amounts and generate invoices.
NEW QUESTION 58
You havedefined two expenditure types, but they are not available for selection when youenter an expenditure batch. Identify the reason for this problem. (Choose the best answer.)
- A. The two expenditure types are not assigned to the reference data set that is assigned to theproject unitin which the transaction is performed.
- B. 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.
- 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 expenditure organization in which the transaction is performed.
Answer: A
Explanation:
Explanation
Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf (19A Part # F11256-01) Chapter 3 - Define Project Organizations Topic - Set Assignments and Project Data - How They Work Together (Page 29) Business Unit as Set Determinant Business units enable you to control andreport on financial transactions, usually for specific geographical entities within the enterprise. For project management purposes, assign the Project Accounting business function to the business unit.
Business unit is a set determinant for theproject-related reference data objects described in the following table.
Ref Data Object
Entities
Project Accounting Definition
Project Types
Project Rates
Project rate schedules
Project Unit as Set Determinant
Use project units to enforceconsistent project management practices across your enterprise. Project unit is a set determinant for the reference data objects described in the following table.
Ref Data Object
Entities
Project Definition
Class codes, financial plan types, projectplan types and project roles
Project Transaction Types
Expenditure types and work types
You can only select class codes, plan types, roles, expenditure types and work types that are assigned to the same set as the project unit. To enable expenditure types and work types for use on projects owned by a project unit, assign the set associated with the Project Transaction Types reference data object to those entities
NEW QUESTION 59
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.)
- A. You can enable automatic reprocessing of expenditureitems processed before the burden schedule change.
- B. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.
- C. Only new expenditure items charged to the task use the new burden schedule; expenditure itemsprocessed earlier cannot be reprocessed.
- D. All expenditure items charged to the task use the new burden schedule.
Answer: B
Explanation:
Explanation
Reference: https://docs.oracle.com/cloud/r13_update17b/projectcs_gs/OAPJC/OAPJC1071490.htm#OAPJC10714
NEW QUESTION 60
You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? (Choose two.)
- A. View task details and the task activity stream.
- B. Receive email notifications about changes that team members make to a task.
- C. Edit task details.
- D. Enter progress for tasks.
Answer: A,B
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/execute-project-tasks-and-d Followers are persons who aren't working on the task but have an interest in reviewing the task progress. Only the resources and other followers can add followers to a task. If a resource assigns the task to another team member, the application automatically changes the original resource to a follower.
What's the difference between my tasks and tasks that I follow?
* You can edit task details and enter progress for your tasks on the Manage Tasks page. If a task has multiple resources, only theprimary resource can edit the task.
* When you follow a task, you can view the task details and see the task activity stream. You receive e-mail notifications of changes that team members make to the task.
* If a resource reassigns the task to another team member, then the previous resource automatically becomes a follower.
NEW QUESTION 61
Your customer has separate organizationsto maintain indirect, capital, and billing types of projects.
Identify the two setups that can be used to fulfill this requirement. (Choose two.)
- A. Organization Tree
- B. Business Unit
- C. Project Organization Classification
- D. Project Type
- E. Project Accounting Business Function
Answer: A,C
Explanation:
Explanation
Reference: https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1225328.htm
NEW QUESTION 62
Identify three correct statements about the integration of Primavera P6 Enterprise Project Portfolio Management and Oracle Project Portfolio Management Cloud. (Choose three.)
- A. Summarized actual quantity and cost flowfrom Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
- B. Projects and task definitions flowfrom Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
- C. Event completion flowsfrom Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.
- D. Project plans and progress flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
- E. Billing events flow from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.
Answer: A,B,C
Explanation:
Explanation
Ref:https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49622/F1125394AN6D254.htm Primavera P6 Enterprise Project Portfolio Management and Oracle Fusion ProjectPortfolio Management: How They Work Together Use Oracle Fusion Project Integration Gateway to integrate Oracle Fusion Project Portfolio Management with Primavera P6 Enterprise Project Portfolio Management. The integration enables project accountants, project billing specialists, and executives to centrallyperform project costing, billing, accounting, and executive reporting tasksin Oracle FusionProject Portfolio Managementwhileenabling each project manager to perform detailed project planning andscheduling in Primavera P6Enterprise Project Portfolio Management.
Oracle Fusion Project Integration Gateway ensures data security, integrity, and efficiency by defining a set framework in which data is exported from and imported into Oracle Fusion Project Portfolio Management.
The following table and diagram provide an overview of the flow of information.
Information Type
From Application
To Application
Global integration information
Oracle Fusion Project Portfolio Management
Primavera P6 EnterpriseProject Portfolio Management
Projects and task definition
Oracle Fusion Project Portfolio Management
Primavera P6 Enterprise Project Portfolio Management
Summarized project actual quantity and cost
Oracle Fusion Project Portfolio Management
Primavera P6Enterprise Project Portfolio Management
Project plans and progress
Primavera P6 Enterprise Project Portfolio Management
Oracle Fusion Project Portfolio Management
Billing events
Oracle Fusion Project Portfolio Management
Primavera P6 Enterprise ProjectPortfolio Management
Event completion
Primavera P6 Enterprise Project Portfolio Management
Oracle Fusion Project Portfolio Management
NEW QUESTION 63
You are now the project manager of a newly created implementation project. Which two items arenotpart of managing an implementation project?
- A. Select the offering you want to implement.
- B. Generate a list of setup tasks.
- C. Enable optional functional areas and features by opting in.
- D. Assign tasks to various users who are responsible for managing setup data.
- E. Monitor the progress of completing setup tasks.
Answer: B,D
NEW QUESTION 64
Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs forrate-based planning resources. (
- A. Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule
- B. Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate
- C. Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule
- D. Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule
- E. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule
Answer: E
Explanation:
Explanation
Reference: https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_8718794B26A7BB93E040D30A688149A3
NEW QUESTION 65
You have been asked to set up one active person, who is not a team member in the project, as a quality manager for each quality task created underprojects. However, when you try to assign the quality manager as Task Manager, you cannot find the person's name in the list of values. What is the reason for this problem?
(Choose the best answer.)
- A. The "Require Task Managers to be Project Team Members" profile option is set to Yes.
- B. The "Require Task Managers to be Project Team Members" profile option is set to No.
- C. The quality manager belongs to a department that is not associated with the project.
- D. The quality manager is not assigned with a supervisor.
Answer: A
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/introducing-oracle-project-po Topic - Project Foundation Profile Options Profile Option Name - Task Managers Must Be Project Team Members Description - Specify whether task managersmust be project team members.
Values - No (Default) /Yes
Setup Task Name -Require Task Managers to be Project Team Members
NEW QUESTION 66
Select two correct statements about project classifications on a template. (Choose two.)
- A. Project class category in a project classification must be associated with a Set Code.
- B. When a project is created from a template, the required project classifications must be entered.
- C. Project Classification is a mandatory field on a project template.
- D. Set Code isnotrequired for a project class category in a project classification.
Answer: B,D
NEW QUESTION 67
Your client organization has recently undergone a restructuring exercise that has resulted in the creation of new jobs. The Resource Breakdown Structure (RBS) was previously created with existing jobs, and now the new jobs have been added to the existing Resource Breakdown Structure.
Identify the correct statement about the RBS and new resources. (Choose the best answer.)
- A. If the "Allow resource changes at project level" option is set to Yes for the RBS, the new resources are available automatically at project level.
- B. If the "Allow resource changes at project level" option is enabled for the RBS, the new resources added at project level are automatically reflected in the RBS.
- C. If the "Allow resource changes at project level" option is set to No, the new resources and resource formats that are added to a Planning Resource Breakdown Structure for one project are not available for other projects.
- D. If the "Allow resource changes at project level" option is set to for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.
Answer: D
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/implementing-project-financ Topic - Entering Planning ResourceBreakdown Structure Details
* ClickNavigator > Setup and Maintenance, and search for theManage Planning and Billing Resource Breakdown Structurestask.
* Click theManage Planning and Billing Resource Breakdown Structureslink.
Use the Manage Planning and Billing Resource Breakdown Structures page to create new planning resource breakdown structures and to review existing planning and billing resource breakdown structures.
* Click theCreateicon in the Planning Resource Breakdown Structures section.
* Use the Create Planning Resource Breakdown Structure: Basic Information page to provide basic resource breakdown structure information including the name, active dates, and project unit.
* Enter a planning resource breakdown structure name and select a date from which the resource breakdown structure is available for use.
* Optionally, provide a description and a date to which the planning resource breakdown structure is available for use.
* Select a project unit. Only projects createdfor the selected project unit can use this planning resource breakdown structure.
* If you want to allow project managers to add planning resources at the project level, then select the Allow resource changes at project level Tip:Changes at the project level don't move back to the parent planning resource breakdown structure.Deselect this option to ensure all project using the planning resource breakdown structure use the same resources.
* Optionally, select aJob Setas a source of jobs for creating planning resources on your planning resource breakdown structure.
* ClickSave.
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.)
- A. Bill set number drives the grouping of transactions.
- B. Invoice generation does not depend on bill plan. The invoices are created based on the contract line.
- C. Both the contract lines create only a single invoice because they are using the same contract.
- D. Two invoices are created using the same contract.
Answer: A,D
Explanation:
Explanation
Ref:https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJB/F1087456AN1006D.htm What's a bill set?
Transactions originating from different bill plans with the same bill set number on a contract are included on the same invoice.If a contract has multiple bill plans and each have different values for the bill set, Oracle Fusion Project Billing creates a separate invoice for each bill plan
NEW QUESTION 69
Using Oracle Time and Labor, your client wants to put in a validation process that allows only a certainnumber of maximum hours an employee can charge in a day, and a minimum of hours he or she can report in a week.
What feature would you use to meet this requirement? (Choose the best answer.)
- A. project time validation rules
- B. time calculation rules
- C. time entry rules
- D. time audit rules
Answer: C
NEW QUESTION 70
Your customer started operations and all projects in January 2015. They implemented Enterprise Project Structure for calculating project labor demand by using the Annual option. When they view the labor demand on 15-Dec-2015, the project hierarchy viewer shows data only for the year 2015. The client expected the demand to be shown for a year, from 15-Dec-2015 to 15-Dec-2016.
Identify how the project hierarchy viewer displayslabor demand information. (Choose the best answer.)
- A. The current period start date is used for calculating labor demand for the current year.
- B. The date entered by a user as a parameter when running the Update EPS job was set to 01-Jan-2015, and hence the calculations show results for the year 2015.
- C. The current date is used for calculating labor demand for the current year.
- D. The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.
Answer: C
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/analyze-project-managemen Topic - Project Labor Demand: How It's Calculated Settings That Affect Project Labor Demand Project application administrators must do the following to set up how project labor demand is calculated:
* Organize projects into hierarchical groups on the Manage Enterprise Project Structure page.
* Change the quarterly FTE hours for the organization on the Define Project Management Implementation Options page, if different from 520 hours.
Note: You can choose to view labor demand annually instead of quarterly.The Project Hierarchy Viewer uses thecurrent dateto determine which year or quarter to display.
NEW QUESTION 71
You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for abillable expenditure item and active contract, the process completes successfully but without any billing, and does not provide any error logs.
The program's processing summary is as follows:
Billing Event Errors 0
Ineligible Contracts 0
Successfully Billing Events Created 0
Ineligible Contract Lines 0
Billing Transaction Exception Errors 0
Ineligible Bill Plans 0
Billing Transaction Exception Warnings 0
Ineligible Associated Projects 0
Successful Billing Transactions 0
Ineligible Expenditure Items 0
DraftInvoice Exception Errors 0
Ineligible Events 0
Draft Invoice Exception Warnings 0
Successful Draft Invoices 0
What was the invoice method classification set to that caused this behavior? (Choose the best answer.)
- A. As Incurred
- B. Percent Complete
- C. Rate Based
- D. Amount Based
Answer: D
Explanation:
Explanation
Reference: https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJB/F1087458AN139C2.htm Topic - Invoice and Revenue Rates: How They Are Determined Oracle Fusion Project Billing uses bill rates, burdening, and transfer price schedules to derive standard bill rates, multipliers, markups, and bases for calculating potential revenue when the revenue method classification on a revenue plan is as billed, as incurred, or rate based. Similarly,bill rates derive invoice amounts when the invoice method classification on a bill plan
NEW QUESTION 72
Which setup option is common to both financial and project plan types?
- A. Identify whether the plantype is the default selection when you create budget or forecast versions.
- B. Manage the options for creating control budgets in Oracle Fusion Budgetary Control.
- C. Enable the use of a workflow for managing budget or forecasting status changes.
- D. Enable the entry of plan amounts in currencies other than the project currency.
Answer: D
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-control-configuratio Financial and Project Plan Setup Options The following table describesthe basic budget, forecast, or project plan setup options that determine how a plan type is used in the context of a project. Except for third-party scheduling, you can't edit these options at the project level.
Option
Location
Description
Planningamounts
Financial plan type
Indicates that the financial plan type supports the creation of versions with the following amounts:
* Cost amounts
* Revenue amounts
* Both cost and revenue amounts
* Either cost or revenue amounts
Approved budget or primary forecast
Financial plan type
Determines whether a financial plan type is used for creating approved budget versions or primary forecast versions that are used for plan comparison or project performance reporting.
Default financial plan type
Financial plan type
Determines whether the financial plan type is the default selection when you create budget or forecast versions.
Workflows
Financial plan type
Enables the use of a workflow for managing budget or forecast status changes.
Third-party scheduling software
Project plan type
Indicates whether project planning is performed in Microsoft Project.
If third-party scheduling is disabled in the project plan type, you can use the associated project or project template to create a project in Microsoft Project. However,you can't export the new project or link it to one created in Oracle Fusion Project Portfolio Management.
Multiple transaction currencies
Financial and project plan type
Enables entry of plan amounts in currencies other than the project currency.
Budgetary control settings
Financial plan type
Manages options for creating control budgets in Oracle Fusion Budgetary Control.
NEW QUESTION 73
What are three configuration items that you need to set up by using the Project Organizationsfunctional area in Project Financial Management configurations? (Choose three.)
- A. Mange Project Types
- B. Manage Project Unit Options
- C. Manage Project Organization Classifications
- D. Manage Project Unit Organizations
- E. Mange Business Unit
Answer: B,C,D
Explanation:
Explanation
Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project-organiz Topic - Manage Project Unit Organizations
NEW QUESTION 74
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