1Z0-1057-22 Exam Questions Get Updated [2023] with Correct Answers [Q70-Q92]

NEW QUESTION 70
Select two correct statements about project classifications on a template. (Choose two.)

Set Code is not required for a project class category in a project classification.

Project Classification is a mandatory field on a project template.

When a project is created from a template, the required project classifications must be entered.

Project class category in a project classification must be associated with a Set Code.

NEW QUESTION 71
Your organization has a requirement to create and apply a new theme for the application user interface.
Which option allows you to achieve this requirement?

Structure Page

Appearance Page

Setup and Maintenance Work Area

User Interface Text

NEW QUESTION 72
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. (Choose two.)

A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.

The association of a deliverable with a task is dependent on associating a requirement with a task.

A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.

You associate a deliverable with a task, independent of associating a requirement with a task.

NEW QUESTION 73
Your customer wants to perform billing based on the Percent Spent invoice method. Identify two setups that are required in project contracts for calculating invoice amounts as per their requirement. (Choose two.)

billing events

bill plan

expenditure items

billing controls

invoice method

Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/create-customer-contract.html#OAPJB70183 Bill Plan – Create a bill plan within a contract that uses the invoice method you require. Assign the bill plan to one or more contract lines. A set of instructions on a contract that define how to invoice a customer. Multiple contract lines on a contract can use the same or different bill plans. Invoice Method is used in creating Bill Plan – not a separate setup.
Billing Controls – Contract feature that controls the types of transactions, dates, and amounts a customer may be invoiced for and revenue can be recognized for a contract or contract line. Define billing controls at the contract or contract line level.
Topic – Creating a Contract for Percent Spent Invoice and Revenue Methods: Worked Example This example describes a scenario where transactions for a contract line need to be invoiced and the revenue recognized using the percent spent method.
What are the revenue and invoice method classifications? Percent Spent What is the billing extension calculation level for the contract line and project association? Project level Summary of the Tasks Create a contract, create the percent spent contract lines, create the bill plan, create the revenue plan.
Prerequisites
Create a project.
Create the project plan for percent spent revenue. Specify the plan type on the percent spent billing extension.
Create an approved cost budget.
Create cost and burden rates.
Enter labor and expense transactions for the project.
Collect costs for the transactions.
Configuration Steps
Creating the Contract
Creating the Percent Spent Contract Lines
Creating the Bill Plan – A set of instructions on a contract that define how to invoice a customer. Multiple contract lines on a contract can use the same or different bill plans.
Creating the Revenue Plan – Common set of instructions for recognizing revenue within a contract. Multiple contract lines on a contract can use the same or different revenue plans.
Invoice method classifications determine how transactions are invoiced. The invoice method determines how invoice amounts are derived.
Enter an invoice method on a bill plan, which you create for a contract and assign to contract lines to provide a set of instructions for creating an invoice.
Create billing controls for a contract or contract line to define the valid transaction dates, billing resources, and amount limits for transactions associated with the contract.
Generate invoices to calculate the invoice amounts for a contract.
The following figure illustrates the components of a project and a contract that determine invoice amounts, and the relationships between the components.

NEW QUESTION 74
Your organization has been using project class categories and codes for reporting purposes and is set up at the project level. You recently defined a new project type, Capital-Contract, and created new class categories named Build, Operate, and Transfer (BOT) and Build, Transfer, and Maintain (BTM), with class codes of Yes/No. But on creation of a project, you are unable to associate these class categories and codes.
Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)

Class codes should be associated with a related set code.

Class categories should be assigned to business unit.

Class categories should be assigned to project type.

Class codes should be assigned to project unit.

NEW QUESTION 75
Which three file-based data imports are available for use in Oracle Project Portfolio Management Cloud?

Project Budgets

Project Tasks

Project Billing Events

Project Templates

NEW QUESTION 76
Where should you specify the Default Capitalized Interest Rate Schedule?

Manage Capitalized Interest Rates page

Manage Expenditure Type page

Manage Capitalized Interest Rate Schedules page

Manage Project Type page

Manage Project Plan Type page

NEW QUESTION 77
Identify the attribute of a project type that determines if expenditure items are billable, and the amount type to be used as the basis for transfer pricing. (Choose the best answer.)

work type

event type

cost type

expenditure type

NEW QUESTION 78
Identify three correct statements about the integration of Primavera P6 Enterprise Project Portfolio Management and Oracle Project Portfolio Management Cloud. (Choose three.)

Event completion flows from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.

Billing events flow from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.

Summarized actual quantity and cost flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.

Projects and task definitions flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.

Project plans and progress flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.

NEW QUESTION 79
You have been hired as a project manager for implementing the Project Financial Management and Project Execution Management offering by an organization. The Chief Information Officer of the deploying organization has requested you to explain the benefits of using the implementation project-based approach over the functional area-based approach.
Which two are the main benefits of using the implementation projects within Functional Setup Manager? (Choose two.)

Implementation Project gives you the flexibility to set up different functional areas of the offering at different times.

Implementation Project helps in assigning responsibility of managing setup data to a broad group of users.

Implementation Project helps you to monitor progress of the setup tasks.

Implementation Project helps you to use the manage setup data entry in bulk option.

NEW QUESTION 80
Which two are the workflows in Project Financial Management? (Choose two.)

Capital Interest Calculation

Project Status Change

Expenditure Item Adjustment

Burden Cost Recalculation

Asset Line Generation

NEW QUESTION 81
Which step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment?

Planning

Deploying

Maintaining

Setting Up

Opting In

NEW QUESTION 82
Your company creates a separate project for infrastructure services, so as to track these costs separately and then allocate to 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.)

spread evenly

target percentage and prorate

target percentage and spread evenly

prorate

NEW QUESTION 83
Your client organization has recently undergone a restructuring exercise that has resulted in the creation of new jobs. The Resource Breakdown Structure (RBS) was previously created with existing jobs, and now the new jobs have been added to the existing Resource Breakdown Structure.
Identify the correct statement about the RBS and new resources. (Choose the best answer.)

If the “Allow resource changes at project level” option is set to No, the new resources and resource formats that are added to a Planning Resource Breakdown Structure for one project are not available for other projects.

If the “Allow resource changes at project level” option is set to No for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.

If the “Allow resource changes at project level” option is set to Yes for the RBS, the new resources are available automatically at project level.

If the “Allow resource changes at project level” option is enabled for the RBS, the new resources added at project level are automatically reflected in the RBS.

NEW QUESTION 84
Which five steps are required for the File-Based Data Import Integration option?

Run Process to transfer data to interface tables.

Install an Excel add-in.

Upload the file to the server.

Download an Excel template.

Populate the spreadsheet with data and generate a CSV file.

Import data into various applications.

Validate the sheet using the Validate option.

NEW QUESTION 85
Which product offering simplifies the planning, budgeting, and forecasting capabilities as part of Project Management Cloud?

Enterprise Contract Management

Project Billing

Project Control

Project Costing

NEW QUESTION 86
Identify three purposes for which the project resource search index is used. (Choose three.)

Display resource details

Filter counts while you search for resources

Calculate Resource Qualification Scores

Provide absence details for resources

Calculate Resources Availability Scores

NEW QUESTION 87
Where is the Allow Override option for the Default Capitalized Interest Rate Schedule specified?

Manage Project Type page

Manage Capitalized Interest Rate Schedules page

Manage Capitalized Interest Rates page

Manage Expenditure Type page

Manage Project Plan Type page

NEW QUESTION 88
Which five steps are required for the File-Based Data Import Integration option?

Run Process to transfer data to interface tables.

Install an Excel add-in.

Upload the file to the server.

Download an Excel template.

Populate the spreadsheet with data and generate a CSV file.

Import data into various applications.

NEW QUESTION 89
Which three are valid password complexity criteria while setting up password policies? (Choose three.)

Complex: At least 8 characters, 1 uppercase, and 1 number

Very Complex: At least 8 characters, 1 uppercase, 1 number, and 2 special characters

Very Complex: At least 6 characters, 1 uppercase, 1 number, and 1 special character

Very Complex: At least 8 characters, 1 uppercase, 1 number, and 1 special character

Simple: At least 8 characters and 1 number

NEW QUESTION 90
Which setup option is common to both financial and project plan types?

Manage the options for creating control budgets in Oracle Fusion Budgetary Control.

Enable the entry of plan amounts in currencies other than the project currency.

Identify whether the plan type is the default selection when you create budget or forecast versions.

Enable the use of a workflow for managing budget or forecasting status changes.

NEW QUESTION 91
When scheduling the Update Project Performance Data process to run on a periodic basis, which summarization method would you select? (Choose the best answer.)

Bulk

Detail

Incremental

Summary

NEW QUESTION 92
You have defined two expenditure types, but they are not available for selection when you enter an expenditure batch. Identify the reason for this problem. (Choose the best answer.)

The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.

The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.

The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.

The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.

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