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Oracle 1Z0-1057-23 Exam Syllabus Topics:

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contract Line 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.

A) Both the contract lines create only a single invoice because they are using the same contract.
B) Invoice generation does not depend on bill plan. The invoices are created based on the contract line.
C) Two invoices are created using the same contract.
D) Bill set number drives the grouping of transactions.

2. You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Portfolio Management with tasks and subtasks applicable to each of the phases of the project: Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want to define deliverables for your project requirements that are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works. Identify the two correct statements in this respect.

A) You associate a deliverable with a task, independent of associating a requirement with a task.
B) The association of a deliverable with a task is dependent on associating a requirement with a task.
C) A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
D) A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.

3. Which three setups can be configured by using Rapid Implementation for Project Financial Management Applications?

A) Work Type
B) Expenditure Types
C) Project Class Categories
D) Project Types
E) Project Templates

4. You are implementing Project Portfolio Management for a global professional services organization. In their Consulting Services line of business, it is common to use resources from different business units based on the skills required. Therefore, cross-charge transactions happen between business units within the same legal entity. Transfer price calculations need to be based on raw costs, with no further adjustments to transfer price.
Identify two setups that can drive this borrowed and lent agreement.

A) Transfer price basis must be Raw Cost and calculation method must be Basis Only.
B) Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.
C) Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
D) A document entry such as straight time must be enabled for cross-charge transactions.

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

A) Contract Header
B) Expenditure Type
C) Projects
D) Contract Line
E) Task

Solutions: