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Exam 1Z0-1057-23 Sample | Books 1Z0-1057-23 PDF
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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q106-Q111):
NEW QUESTION # 106
Which product offering simplifies the planning, budgeting, and forecasting capabilities as part of Project Management Cloud?
- A. Project Billing
- B. Project Costing
- C. Project Control
- D. Enterprise Contract Management
Answer: C
Explanation:
Project Control is the product offering that simplifies the planning, budgeting, and forecasting capabilities as part of Project Management Cloud. Project Control allows you to create and manage project plans, budgets, and forecasts using various methods and sources. You can also monitor and control project performance and variances using dashboards and reports. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-plans.html#OAPFM2356061
NEW QUESTION # 107
Where should you specify the Default Capitalized Interest Rate Schedule?
- A. Manage Capitalized Interest Rates page
- B. Manage Project Type page
- C. Manage Expenditure Type page
- D. Manage Capitalized Interest Rate Schedules page
- E. Manage Project Plan Type page
Answer: E
Explanation:
The Default Capitalized Interest Rate Schedule should be specified on the Manage Project Type page. This option allows you to select a capitalized interest rate schedule that will be used as the default for projects or tasks that use the project type. A capitalized interest rate schedule defines the interest rates and dates that are used to calculate the capitalized interest amount for a project or task. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2356101
NEW QUESTION # 108
Your customer has separate organizations to maintain indirect, capital, and billing types of projects.
Identify the two setups that can be used to fulfill this requirement.
- A. Project Type
- B. Project Organization Classification
- C. Project Accounting Business Function
- D. Organization Tree
- E. Business Unit
Answer: B
Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1225328.htm
NEW QUESTION # 109
Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation?
Response:
- A. Manage Project Plan Resource Assignment
- B. View Project Progress
- C. Transfer Project
- D. Allocate Project Expense
Answer: A,C
NEW QUESTION # 110
Which two are the workflows in Project Financial Management?
- A. Capital Interest Calculation
- B. Burden Cost Recalculation
- C. Project Status Change
- D. Expenditure Item Adjustment
- E. Asset Line Generation
Answer: D
Explanation:
The workflows in Project Financial Management are business processes that automate the approval and notification tasks for various project transactions and events. Two of the workflows in Project Financial Management are:
Project Status Change: This workflow manages the approval and notification tasks for changing the status of a project or task from one value to another. For example, when a project or task is submitted for approval, this workflow routes the request to the appropriate approvers and notifies them of the action required.
Expenditure Item Adjustment: This workflow manages the approval and notification tasks for adjusting expenditure items that have been charged to a project or task. For example, when an expenditure item is adjusted by a project manager or a cost accountant, this workflow routes the adjustment to the appropriate approvers and notifies them of the action required. Capital Interest Calculation, Burden Cost Recalculation, and Asset Line Generation are not workflows in Project Financial Management, but processes that perform various calculations and transactions for project costs and assets. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-financial-management.html#OAPFM2356161
NEW QUESTION # 111
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