1Z0-1057-22 Oracle Project Management Cloud 2022 Implementation Professional Exam

Format: Multiple Choice
Duration: 90 Minutes
Number of Questions: 55
Passing Score: 60%
Validation: This exam has been validated against 22A/22B
Policy: Cloud Recertification

Earn associated certifications Passing this exam is required to earn these certifications. Select each certification title below to view full requirements.

Oracle Project Management Cloud 2022 Certified Implementation Professional

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Prepare to pass exam: 1Z0-1057-22
An Oracle Project Management Cloud 2022 Certified Implementation Professional has demonstrated expertise in implementing Oracle Project Management Cloud solutions. Individuals who earn this certification are familiar with Common Project Configuration, Project Foundation, Project Control, Project Costing, Project Billing, Project Performance Reporting, Project Management, Program Management, and Project resource management.

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Additional Preparation and Information

A combination of Oracle training and hands-on experience (attained via labs and/or field experience), in the learning subscription, provides the best preparation for passing the exam.

Review exam topics

Project Management Overview
Describe the components of Oracle Project Management Cloud
Explain the components available for integration

Navigation, User Experience, Personalization and Approvals
Describe the business processes that are supported by approvals and workflows
Set up approval and notification tasks
Describe Navigation, User Experience and Personalization Concepts

Applications Security Overview
Describe the Applications Security Console
Identify the roles delivered in a seeded security implementation
Manage roles and duties

Functional Setup Manager
Describe Functional Setup Manager
Describe the Rapid Implementation Workbook

Common Project configuration
Manage Subledger Accounting
Set up Project Financial Management Organizations
Manage Reference Data Sharing

Configure Project Foundation
Set up Project Calendars and Periods
Setup Types and Categorizations
Manage Project Resources
Describe Rate Schedules
Describe Project Types
Set up Transaction Sources
Labor Schedule

Configure Project Costing
Configure Project Cost Collection Center
Manage Burdening
Manage Allocations
Explain capitalized interest calculations
Describe Budgetary Controls
Configure Time & Labor for projects
Manage Integrations

Configure Project Control
Manage Project Budgets and Forecasts

Configure Project Billing
Configure Project Cross Charging and Transfer Pricing
Configure and Manage Project Invoicing and Revenue

Configure Project Performance Reporting
Configure and Manage Key Performance Indicators for Project Performance Reporting

Configure Project Management
Describe common project execution components
Manage Issues and Deliverables
Describe project requirements
Configure Social Network for Project Execution
Manage Project Gates
Use Application Composer for Project Execution Management

Configure Project Resource Management
Define Project Enterprise Labor Resources

Program Management
Program Management and Reporting

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QUESTION 1
A consulting services company is currently working on a business transformation project for your
client, which spans multiple years. At the first period close, the consulting services company has
recognized revenue and the accounting entry created is:
DrUnbilledReceivables40,000
Cr Revenue 40,000
At the end of the period, the client is sent an associated bill. What would be the corresponding
invoice accounting entry? (Choose the best answer.)

A. Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000
B. Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000
C. Dr Accounts Receivables 40,000Cr Revenue 40,000
D. Dr Unearned Revenue 40,000Cr Revenue 40,000

Answer: B

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QUESTION 2
You want to export your project plan to Oracle Project Financial Management Cloud after initial
scheduling iscompletein Microsoft Projects. Identify three conditions that must be met for exporting
milestone tasks. (Choose three.)

A. only one labor resource assignment with 100 effort
B. lowest-level tasks set up with non-zero duration
C. lowest-level tasks set up with zero duration
D. only one labor resource assignment with 0 effort
E. percent work complete values of 0 or 100 percent

Answer: C, D, E

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QUESTION 3
Yourcustomer wants to automatically allocate unassigned asset lines and common costs across
multiple assets based on 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 bestanswer.)

A. Standard Unit Cost
B. Actual Unit
C. Current Cost
D. Estimated Cost
E. Spread Evenly

Answer: C