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Oracle Project Management Cloud 2021 Implementation Essentials : 1Z0-1057-21 Exam

1Z0-1057-21 Exam Questions
  • Exam Code: 1Z0-1057-21
  • Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials
  • Updated: Aug 05, 2026
  • Q & A: 93 Questions and Answers
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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Project Financial Management Setup- Project Types and Templates
  • 1. Project Roles
  • 2. Project Classes
  • 3. Project Statuses
- Financial Structures
  • 1. Transaction Sources
  • 2. Expenditure Types
  • 3. Expenditure Categories
Topic 2: Project Cost Management- Cross-Charge Processing
  • 1. Transfer Pricing
  • 2. Borrowed and Lent Transactions
- Cost Collection and Processing
  • 1. Supplier Cost Processing
  • 2. Cost Transactions
  • 3. Expense Management Integration
Topic 3: Project Billing and Revenue Management- Contract and Billing Setup
  • 1. Billing Events
  • 2. Revenue Recognition
  • 3. Invoice Generation
Topic 4: Security and Implementation Tools- Security Configuration
  • 1. Project Roles
  • 2. Data Access Security
- Implementation Utilities
  • 1. Functional Setup Manager
  • 2. Rapid Implementation Spreadsheets
  • 3. Setup Data Migration
Topic 5: Project Execution Management- Project Planning
  • 1. Task Management
  • 2. Resource Assignments
  • 3. Work Plans
- Project Control
  • 1. Budgets
  • 2. Performance Reporting
  • 3. Forecasts
Topic 6: Resource Management- Resource Structures
  • 1. Resource Calendars
  • 2. Project Staffing
  • 3. Resource Requests
Topic 7: Project Foundation Setup- Project Units
  • 1. Implementation Options
  • 2. Business Units
  • 3. Reference Data Sets

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. Youare 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-chargetransactions 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. (Choosetwo.)

A) Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.
B) Transfer price basis must beRaw Costand calculation method must beBasis Only.
C) Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
D) A document entry such asstraight time must be enabledfor cross-charge transactions.


2. Whichthreesetups can be configured by using Rapid Implementation for Project Financial Management Applications?

A) Expenditure Types
B) Departments
C) Project Types
D) Project Templates


3. Your client is involved in automation control systems installation. Over the years, they have analyzed their total project spend on specific resource classes. They have identified that their cost spread distribution factor on a 10 spread point scale resembles:
0-4-10-11-14-13-10-4-0-0. Identify two ways to handle this kind of a spread on their budgets and forecasts. ( Choose two)

A) Use the predefined S-Curve spread with small deviations on the spread points.
B) Use the predefined Bell Curve spread with small deviations on the spread points.
C) Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to the resource class.
D) Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to a project template.


4. Your company creates a separate project for infrastructure services, so as to track these costs separately and then allocateto various projects that use the services of the infrastructure team. You want to allocate these costs by first attributing a fixed percentage of the source amount to each project and then spread it across tasks based on the actual labor hours charged to each task.
Which allocation basis method would you use to meet this requirement? (Choose the best answer.)

A) target percentage and prorate
B) spread evenly
C) target percentage and spread evenly
D) prorate


5. Whichtwoattributes are available while enabling a task as a business object for social networking?

A) Project Number
B) Creation Date
C) Project
D) Task Number
E) Task


Solutions:

Question # 1
Answer: B,D
Question # 2
Answer: A,B,C
Question # 3
Answer: B,C
Question # 4
Answer: A
Question # 5
Answer: A,D

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