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The certification exam covers a wide range of topics, including project planning and execution, resource management, project costing, project billing, and financial management. Candidates will also be tested on their understanding of project collaboration, change management, and risk management. The exam consists of multiple-choice questions, and candidates have 120 minutes to complete the exam.

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Quiz 2023 1z0-1057-22: Oracle Project Management Cloud 2022 Implementation Professional Formal Test

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Oracle Project Management Cloud 2022 Implementation Professional Sample Questions (Q26-Q31):

NEW QUESTION # 26
You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
Associated Project Budgeted Cost: USD 300
Contract Amount: USD 1000
Project Funded Amount: USD 750
Sum of Existing Revenue Events: USD 80
Identify the Associated Project Spent revenue that will get generated based on the preceding details. (Choose the best answer.)

A. USD 134
B. USD 184
C. USD 70
D. USD 120

Answer: C

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/manage-project-contract-revenue.html#OAPJB164173 Associated Project Percent Spent Example The following formula calculates the percent spent revenue for the associated project.
((Sum of ITD Actual Cost for every subtask that is part of the associated task / Sum of Total Budgeted cost for every task that is part of associated task) x Associated Project Funded Amount) - Sum of Existing Invoice Event Amounts for the Associated Project ((60/300) x 750) - 80 = 70 ((Actual Cost / Budgeted Cost) x Budgeted Revenue) - Sum of Revenue Event Amount

NEW QUESTION # 27
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. (Choose two.)

A. Organization Tree
B. Project Type
C. Project Accounting Business Function
D. Project Organization Classification
E. Business Unit

Answer: A,D

Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1225328.htm

NEW QUESTION # 28
Your customer has a requirement to import and process third-party transactions that are "costed" and "accounted".
Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)

A. Import Options
B. Document Options
C. Transaction Source Options
D. Document Entry Options

Answer: C

Explanation:
Reference https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJC/F1071488AN1004C.htm

NEW QUESTION # 29
Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page. An HCM person is included in a condition with a process order value of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

A. For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.
B. For the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic order based on the condition name.
C. The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.
D. The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

Answer: B,C

Explanation:
Reference:
Topic - FAQs for Define Project Enterprise Labor Resources
What's the processing order of project enterprise labor resource maintenance conditions?
Records are processed by the Maintain Project Enterprise Labor Resources process in ascending order based on the process order value that you specify on the Create Condition page. For example, assume that an HCM person is included in a condition with a process order value of 1. If a resource doesn't already exist for that person, then the process creates a resource for the condition with the process order value of 1. The process doesn't create more than one resource for the same person even if subsequent conditions apply to the person.
If multiple conditions have the same process order value, then records are processed in ascending alphabetic order based on the condition name.

NEW QUESTION # 30
Identify the valid approval group type applicable to Oracle Project Financial Management Cloud. (Choose the best answer.)

A. Position
B. Static
C. Flexfield
D. Dynamic
E. Job

Answer: B

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-approval-management.html#FACIA3124477 Topic Approval Groups Each approval group includes a set of users that you configure to act on tasks in a certain pattern. Tasks can be defined to get routed to an approval group instead of an individual user. You can nest approval groups within approval groups.
You have two options for defining the group:
Static: Select the specific users to include in the group.
Dynamic: Provide the logic to use to determine the users in the group.

NEW QUESTION # 31
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