BEST OF LUCK IN ORACLE 1Z0-1057-23 EXAM AND CAREER

Best of luck in Oracle 1Z0-1057-23 exam and career

Best of luck in Oracle 1Z0-1057-23 exam and career

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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q21-Q26):

NEW QUESTION # 21
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.)

  • A. Create a revenue method classification with a revenue method of Percent Complete.
  • B. Create a revenue method with a revenue method classification of Rate Based.
  • C. Create a revenue method with a revenue method classification of Amount Based.
  • D. Create a revenue method classification with a revenue method of Percent Spent.

Answer: D

Explanation:
To perform revenue recognition based on the Labor and Non-labor Burden schedule types, you need to create a revenue method with a revenue method classification of Rate Based. This classification allows you to use the burdened cost rates of labor and non-labor resources as the basis for revenue recognition. The burdened cost rates are derived from the burden schedules that are assigned to the project or task. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-revenue.html#OAPFM2355981


NEW QUESTION # 22
Select two correct statements about project classifications on a template.

  • A. Project Classification is a mandatory field on a project template.
  • B. When a project is created from a template, the required project classifications must be entered.
  • C. Set Code is not required for a project class category in a project classification.
  • D. Project class category in a project classification must be associated with a Set Code.

Answer: C

Explanation:
Project classifications are used to group and report on projects based on different criteria. A project template can have one or more project classifications, which can be either required or optional. When a project is created from a template, the required project classifications must be entered, while the optional ones can be left blank. A project class category in a project classification must be associated with a set code, which determines the list of values for the project class. Project classification is not a mandatory field on a project template, but it is recommended to use it for reporting purposes. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-plans.html#OAPFM2355961


NEW QUESTION # 23
Select two correct statements about project classifications on a template.
Response:

  • A. Project Classification is a mandatory field on a project template.
  • B. Set Code is not required for a project class category in a project classification.
  • C. Project class category in a project classification must be associated with a Set Code.
  • D. When a project is created from a template, the required project classifications must be entered.

Answer: B,D


NEW QUESTION # 24
Your client uses Resource Breakdown Structures (RBS) and Resource Mapping to associate amounts to resources. After making some changes to the resources at project level, forecasts are regenerated. After reviewing the cost amounts associated with the resources, you suspect that the cost association does not match your client''s expectations. Identify two valid rules based on which cost association works.

  • A. If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with the lowest number at the lowest level.
  • B. If one branch contains a user-defined resource type, precedence is given to the branch that contains a user-defined resource type.
  • C. If a transaction maps to more than one level, Oracle PPM Cloud sums the precedence numbers for all resource type in the branch and gives precedence to the resource element in the branch with the highest sum.
  • D. If there is only one level in RBS to which the transaction maps, the cost amounts are mapped to that level.

Answer: C

Explanation:
Reference https://docs.oracle.com/cd/E37583_01/doc.1116/e22598/F458900AN13D82.htm How Resource Mapping Is Calculated You can track the cost impact of every resource that has been assigned to a project task and use the resource breakdown structure to view the breakdown of these costs. Oracle Fusion Projects associates the costs of the resources used for tasks with branches and levels in the resource breakdown structure. The process for determining the correct association is managed by rules of precedence.
Oracle Fusion Projects uses the following rules to associate cost amounts with resources:
Select the lowest level in the resource breakdown structure to which a transaction can map.
If there is only one level to which the transaction maps, the cost amounts are mapped to that level.
If the transaction maps to more than one level, Oracle Fusion Projects sums the precedence numbers for all resource types in the branch and gives precedence to the resource element in the branch with the lowest sum.
If more than one branch has the lowest precedence number at the lower level, the application uses the precedence number of the next level up.
If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with the lowest number at the lowest level.
If one branch contains a user-defined resource type, precedence is given to the branch that does not contain a user-defined resource type.
Note Oracle Fusion Projects gives more precedence to a lower precedence number. For example, a resource element with a precedence number of 1 is given precedence over a resource element with a precedence number of 10.


NEW QUESTION # 25
Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation?

  • A. Allocate Project Expense
  • B. Manage Project Plan Resource Assignment
  • C. Transfer Project
  • D. View Project Progress

Answer: B

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjm/index.html#_Toc468200732_1_12 Topic - Privileges - This table lists privileges granted to duties of the abstract role Project Management Duty.
Granted Role - Project Plan Management
Privilege - only A and C are listed


NEW QUESTION # 26
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