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Oracle 1z0-1057-24 Exam Syllabus Topics:

Topic	Details
Topic 1	Configure Project Resource Management: This section measures the skills of resource managers and focuses on defining project enterprise labor resources to optimize resource allocation and utilization.
Topic 2	Configure Project Billing: Targeting billing specialists, this section involves configuring project cross-charging and transfer pricing, and managing project invoicing and revenue processes to ensure accurate and efficient billing operations.
Topic 3	Setting up Common Project Configuration: Targeting project configuration specialists, this section involves managing Subledger Accounting, setting up Project Financial Management Organizations, and managing Reference Data Sharing to ensure consistent and accurate financial reporting.
Topic 4	Describing Navigation, User Experience, Personalization, and Approvals: Targeting user experience designers, this section evaluates knowledge of business processes supported by approvals and workflows, setting up approval and notification tasks, and concepts related to navigation, user experience, and personalization within the application.
Topic 5	Using Program Management: Targeting program managers, this section involves using program management and reporting tools to oversee multiple projects and ensure alignment with organizational objectives.
Topic 6	Using Functional Setup Manager: This section measures the skills of functional setup managers and focuses on understanding the Functional Setup Manager and the Rapid Implementation Workbook, which are essential for configuring and deploying Oracle Project Management Cloud applications.
Topic 7	Configure Project Performance Reporting: This section assesses the skills of performance reporting analysts and includes configuring and managing key performance indicators for project performance reporting to monitor and evaluate project success effectively.
Topic 8	Project Management Overview: This section assesses the skills of project management consultants and focuses on understanding the components of Oracle Project Management Cloud, including its integration capabilities.

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Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q27-Q32):

NEW QUESTION # 27
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. Define allocation basis by using Actual Amounts with a project-to-date amount class.
B. Allocate rental costs once each accounting period by using the "spread evenly" allocation method.
C. Define allocation basis by using Actual Amounts with aperiod-to-date amount class.
D. Allocate rental costs once each accounting period by using the"full" allocation method.
E. Allocate to all eligible tasks and prorate the allocation by thetotal actual raw costaccrued for each task during theprevious accounting period.

Answer: C,D,E

Explanation:
To allocate the rental cost to the projects and tasks based on the raw costs of the tasks from the previous month, you need to do the following:
* Allocate rental costs once each accounting period by using the "full" allocation method. This method allocates the entire source amount to the target tasks in one run.
* Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task during the previous accounting period. This ensures that the source amount is proportionally allocated to the tasks based on their relative raw costs.
* Define allocation basis by using Actual Amounts with a period-to-date amount class. This allows you to use the actual raw costs of the tasks as the basis for allocation and to use the amounts from the previous accounting period. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c
/oapfm/manage-project-costs.html#OAPFM2355951

NEW QUESTION # 28
Which four notification templates are predefined?

A. Password Reset Template
B. New Account Template
C. Forgot Password Template
D. Forgot Username Template
E. New Account Manager Template

Answer: A,B,D,E

Explanation:
https://docs.oracle.com/en/cloud/saas/sales/18c/oscus/setting-up-applications-security.html#OSCUS2287154 Predefined Notification Templates Notification Template Description Password Expiry Warning Template Warns the user that a password is expiring soon and provides instructions for resetting the password.
Password Expiration Template
Notifies the user that a password has expired and provides instructions for resetting the password.
Forgot User Name Template
Sends the user name to a user who requested the reminder.
Password Generated Template
Notifies the user that a password has been generated automatically and provides instructions for resetting the password.
Password Reset Template
Sends a reset-password link to a user who requested a new password.
Users can request new passwords by selecting the Forgot Password link on the application Sign In page, or by selecting the Password option on the Preferences page (Settings and Actions > Set Preferences).
Password Reset Confirmation Template
Notifies the user when a password has been reset.
New Account Template
Notifies a user when a user account is created and provides a reset-password link.
New Account Manager Template
Notifies the user's manager when a user account is created.
When you create a user category, it's associated automatically with the predefined notification templates, which are all enabled.
You can't edit the predefined templates. However, you can create templates and disable the predefined versions. Each predefined event can be associated with only one enabled notification template at a time.

NEW QUESTION # 29
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. Estimated Cost
C. Current Cost
D. Standard Unit Cost
E. Actual Unit

Answer: C

Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundation- configuration-manage-project-types.html#OAPFM220111 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 allocate unassigned asset lines and common costs across multiple assets. Unassigned asset lines typically occur when more than one asset is assigned to an assetgrouping 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 the standard unit cost and the number of units defined for each asset Spread Evenly Equal allocation of cost to each asset

NEW QUESTION # 30
Your organization has a requirement to retrieve the value of the cost center segment based on the department.
Which source can you use while defining the account rule to achieve this requirement?

A. Expenditure Organization Cost Center Segment
B. Expenditure Business Unit Cost Center Segment
C. Project Organization Cost Center Segment
D. Event Organization Cost Center Segment

Answer: A

Explanation:
The source that can be used while defining the account rule to achieve this requirement is Expenditure Organization Cost Center Segment. This source allows you to retrieve the value of the cost center segment based on the expenditure organization of the transaction. The expenditure organization is an attribute of a transaction that represents the organization that incurs or owns the cost of the transaction.

NEW QUESTION # 31
Which four standard objects can you configure to include business specific attributes by using Application Composer for Project Execution Management? (Choose four.)

A. Project Deliverables
B. Project Milestones
C. Project Gates
D. Project Resource Request
E. Project Issues
F. Project Resource Assignment

Answer: A,B,C,E

Explanation:
Application Composer is a tool that allows you to configure standard objects or create custom objects to include business specific attributes for Project Execution Management. Four of the standard objects that you can configure using Application Composer are:
* Project Gates: These are checkpoints that mark the completion of a phase or stage in a project lifecycle.
* Project Issues: These are problems or risks that affect the progress or outcome of a project.
* Project Milestones: These are significant events or achievements that indicate the status or completion of a project or task.
* Project Deliverables: These are products or services that are produced or provided as part of a project or task. Project Resource Request and Project Resource Assignment are not standard objects that you can configure using Application Composer. These are features that allow you to request and assign resources for projects and tasks based on various criteria such as availability, qualifications, preferences, etc. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c
/oapfm/manage-project-execution.html#OAPFM2356201

NEW QUESTION # 32
......

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