oracle 1z0-1057-20 online test

Oracle Project Portfolio Management Cloud 2020 Implementation Essentials

What students need to know about the 1z0-1057-20 exam

  • Total 95 Questions & Answers

Question 1

You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per
month. The first month actual expense is $800 and there is a commitment for $600. Now you generate a forecast at the
beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would
calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best
answer.)

  • A. 1000
  • B. 900
  • C. 800
  • D. 600
Answer:

B

Explanation:
Budget 5,000Actuals 800Commitment 600 ETC = Budget Actuals Commitment
ETC = 5,000-800-600 = 3,600 Budget available for next 4 months = 3,600/4 = 900/month

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Question 2

Your organization has created an Enterprise Project Structure (EPS) and your executives review the overall project labor
demand by using the EPS. Identify two correct statements about the periodic project labor demand. (Choose two.)

  • A. Labor Demand FTE is calculated as Quarterly Allocation hours divided by Quarterly FTE hours, if a quarter is used as the basis for viewing labor demand.
  • B. Labor Demand FTE is calculated as Yearly Allocation hours divided by Yearly FTE hours, if a year is used as the basis for viewing labor demand.
  • C. Labor Demand FTE is calculated as Project Allocation hours divided by Project FTE hours, if project duration is used as the basis for viewing labor demand.
  • D. Labor Demand FTE is calculated as Monthly Allocation hours divided by Monthly FTE hours, if a period is used as the basis for viewing labor demand.
Answer:

A B

Explanation:
Reference https://docs.oracle.com/cloud/farel10/projectcs_gs/OAPEM/OAPEM1461017.htm#OAPEM1313472
Project Labor Demand: How It's Calculated
Project executives want to track the labor demand in projects in their organization. The Project Hierarchy Viewer provides
project executives a hierarchical view of the enterprise project structure (EPS) along with the labor demand in terms of full-
time equivalent (FTE).
Settings That Affect Project Labor Demand

Project application administrators must do the following to set up how project labor demand is calculated: Organize
projects into hierarchical groups on the Manage Enterprise Project Structure page.

Change the quarterly FTE hours for the organization on the Define Project Management Implementation Options page, if
different from 520 hours.
Note: You can choose to view labor demand annually instead of quarterly. The Project Hierarchy Viewer uses the current
date to determine which year or quarter to display.
How Project Labor Demand Is Calculated
The Project Hierarchy Viewer calculates project labor demand in the following manner:

Spreads the allocation hours from the Manage Project Resources page evenly over the days that the resources are
allocated to the project.


Divides the quarterly project allocation hours by the quarterly FTE hours to get the labor demand. Rolls up the
quarterly and annual labor demand up the hierarchy.

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Question 3

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

  • A. Bulk
  • B. Detail
  • C. Incremental
  • D. Summary
Answer:

C

Explanation:
Reference
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project-organizations.htm
Settings That Affect Performance Data Summarization
You can summarize performance data for a project unit, business unit, a range of projects, or projects managed by a project
manager. When you run the Update Project Performance Data process from the Scheduled Processes page, select one of
the summarization methods from the following table:
Summarization Method Usage
Incremental
Summarizes new transactions that are yet to be summarized Delete and re-summarize
Correct summary data when the source system data changes outside the regular transaction flow.
Do not use this summarization method when you run the Update Project Performance Data Without Producing Report
process unless you are advised to do so.
Resource breakdown structure
Migrate all summary data from one resource breakdown structure version to the next.
If you select this option, you must also specify the resource breakdown structure header.

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Question 4

You configure one OTBI using Project Cross Subject Area Analysis Real Time. You notice that all measures (Budget,
Forecast, Cost, Commitments, Revenue, and Invoice) are not available for Bill-To-Customer and Contract and Contract Line
dimensions. Identify the reason for this behavior. (Choose the best answer.)

  • A. The Bill-To-Customer dimension applies only to Invoice measures, but the Contract and Contract Line dimensions do not apply to Revenue and Invoice measures.
  • B. The Bill-To-Customer dimension applies only to Revenue and Invoice measures.
  • C. The Contract and Contract Line dimensions apply only to Invoice measures.
  • D. The Bill-To-Customer dimension applies to Invoice measures, and the Contract and Contract Line dimensions apply to Revenue and Invoice measures.
  • E. The Bill-To-Customer dimension does not apply to Invoice measures, but the Contract and Contract Line dimensions apply only to Revenue and Invoice measures.
Answer:

D

Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/faopm/subjectareas.html#Projects_
Analyze real-time information on project performance, including budgets, forecasts, costs, commitments, revenue, and
invoices.
This subject area analysis allows cross subject area analysis between Funding, Invoices, Revenue, Budget, forecasts, Costs
areas.

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Question 5

Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation? (Choose
two.)

  • A. Manage Project Plan Resource Assignment
  • B. Transfer Project
  • C. View Project Progress
  • D. Allocate Project Expense
Answer:

A C

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjm/index.html#_Toc468200732_1_ Topic
Privileges - This table lists privileges granted to duties of the abstract role Project Management Duty.
Granted Role - Project Plan Management
Privilege only A and C are listed

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Question 6

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.)

  • A. 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.
  • B. 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.
  • C. 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.
  • D. 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.
Answer:

A

Explanation:
Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf (19A Part # F11256-01) Chapter 3 Define
Project Organizations
Topic - Set Assignments and Project Data How They Work Together (Page 29)
Business Unit as Set Determinant
Business units enable you to control and report on financial transactions, usually for specific geographical entities within the
enterprise. For project management purposes, assign the Project Accounting business function to the business unit.
Business unit is a set determinant for the project-related reference data objects described in the following table.
Ref Data Object Entities
Project Accounting Definition Project Types
Project Rates
Project rate schedules
Project Unit as Set Determinant
Use project units to enforce consistent project management practices across your enterprise. Project unit is a set
determinant for the reference data objects described in the following table.
Ref Data Object Entities
Project Definition
Class codes, financial plan types, project plan types and project roles Project Transaction Types
Expenditure types and work types
You can only select class codes, plan types, roles, expenditure types and work types that are assigned to the same set as
the project unit. To enable expenditure types and work types for use on projects owned by a project unit, assign the set
associated with the Project Transaction Types reference data object to those entities

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Question 7

You are trying to create a project purchase order (PO) but you are unable to select Expenditure Organization in the PO.
Identify two reasons for this problem. (Choose two.)

  • A. The organization is not classified as a project-owning organization.
  • B. The organization is not classified as a project expenditure organization.
  • C. The organization is not included in the organization tree that is assigned to the business unit that owns the PO.
  • D. The organization is classified as a project unit.
Answer:

B C

Explanation:
Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf Chapter 3 Define Project Organizations
Page # 12
Topic Selecting Organization Hierarchies for the Business Unit
The following conditions are required for an organization to be eligible to be a project expenditure organization:

You must assign the Project Expenditure Organization classification to the organization.

The organization must belong to the hierarchy that you specify in the project implementation options for the business unit.

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Question 8

Your customer has implemented Oracle Project Portfolio Management Cloud recently and they have hired new employees
for their Professions Services business. These employees are set up in Oracle Human Capital Management Cloud, but the
Project Administrators are unable to add them as resources in the Planning Resource Breakdown Structure.
What are three conditions for new employees to show up in the list? (Choose three.)

  • A. Current date is before the effective date of the resource, and you did not enable the “Include people with future-dated effective start dates” option during the search.
  • B. All new employees created as persons must have an active supervisor.
  • C. All new employees created as persons must be assigned to a department.
  • D. All new employees created as persons must have an active assignment.
  • E. All new employees created as persons must have an active project role.
Answer:

A C D

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation-configuratio
Why can't I find persons in the list of resources when I enter team members, planning resources, or person rate schedules?
You can't find persons in the list of resources when you enter team members, planning resources, or person rate schedules
in the following situations:

The administrator didn't assign a department while creating users. Persons must have an active assignment and be
assigned to a department in Oracle Fusion Human Capital Management before they can be added as team members or
entered as resources on the planning resource breakdown structure or person rate schedule.

The resource isn't active in Oracle Fusion Human Capital Management because the current date is before the effective
date of the resource. If you want to include persons who will start in the future, select the Include people with future-dated
effective start dates option when you search for the person.

Persons assigned as project managers aren't active as of the project start date.

The assignment of the person is terminated, and an appropriate value isn't set for the number of days to display people
with terminated assignments. You can set the profile value appropriately at the site profile level using the Specify Number of
Days to Display People with Terminated Assignments task in the Setup and Maintenance work area.

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Question 9

Which four notification templates are predefined?

  • A. Password Reset Template
  • B. New Account Template
  • C. Forgot Password Template
  • D. Forgot Username Template
  • E. New Account Manager Template
Answer:

A B D E

Explanation:
https://docs.oracle.com/en/cloud/saas/sales/18c/oscus/setting-up-applications-security.html#OSCUS2287154
Predefined Notification Templates Notification Template
Description
Password Expiry Warning Template
Warns the user that a password is expiring soon and provides instructions for resetting the password. Password Expiration
Template
Notifies the user that a password has expired and provides instructions for resetting the password. Forgot User Name
Template
Sends the user name to a user who requested the reminder. Password Generated Template
Notifies the user that a password has been generated automatically and provides instructions for resetting the password.
Password Reset Template
Sends a reset-password link to a user who requested a new password.
Users can request new passwords by selecting the Forgot Password link on the application Sign In page, or by selecting the
Password option on the Preferences page (Settings and Actions > Set Preferences).
Password Reset Confirmation Template
Notifies the user when a password has been reset. New Account Template
Notifies a user when a user account is created and provides a reset-password link. New Account Manager Template
Notifies the user's manager when a user account is created.
When you create a user category, it's associated automatically with the predefined notification templates, which are all
enabled.
You can't edit the predefined templates. However, you can create templates and disable the predefined versions. Each
predefined event can be associated with only one enabled notification template at a time.

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Question 10

As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do not seem to be
right. Based on the calculations, you notice that the amounts calculated are not considering the burden schedule override at
a task level, which was done during the second month of the quarter. Identify the reason for this problem. (Choose the best
answer.)

  • A. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier cannot be reprocessed.
  • B. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.
  • C. You can enable automatic reprocessing of expenditure items processed before the burden schedule change.
  • D. All expenditure items charged to the task use the new burden schedule.
Answer:

B

Explanation:
Reference https://docs.oracle.com/cloud/r13_update17b/projectcs_gs/OAPJC/OAPJC1071490.htm#OAPJC1071482

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