Free 1z0-1057-24 Exam Questions - Oracle 1z0-1057-24 Real Exam Questions: Oracle Project Management Cloud 2024 Implementation Professional Finally Passed

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Oracle 1z0-1057-24 Exam Syllabus Topics:

Topic	Details
Topic 1	Setting up Common Project Configuration: Targeting project configuration specialists, this section involves managing Subledger Accounting, setting up Project Financial Management Organizations, and managing Reference Data Sharing to ensure consistent and accurate financial reporting.
Topic 2	Project Management Overview: This section assesses the skills of project management consultants and focuses on understanding the components of Oracle Project Management Cloud, including its integration capabilities.
Topic 3	Configure Project Management: Aimed at project execution managers, this section describes common project execution components, managing issues and deliverables, project requirements, configuring social networks for project execution, managing project gates, and using Application Composer for project execution management to ensure seamless project operations.
Topic 4	Configure Project Foundation: This section assesses the skills of project foundation specialists and includes setting up project calendars and periods, defining types and categorizations, managing project resources, describing rate schedules, project types, setting up transaction sources, and managing labor schedules to establish a solid foundation for project management.
Topic 5	Using Functional Setup Manager: This section measures the skills of functional setup managers and focuses on understanding the Functional Setup Manager and the Rapid Implementation Workbook, which are essential for configuring and deploying Oracle Project Management Cloud applications.
Topic 6	Configure Project Costing: Aimed at cost management analysts, this section covers configuring the Project Cost Collection Center, managing burdening and allocations, explaining capitalized interest calculations, describing budgetary controls, configuring Time & Labor for projects, and managing integrations to ensure accurate project costing.
Topic 7	Describing Applications Security: Aimed at security administrators, this section covers the Applications Security Console, identification of roles in a seeded security implementation, and management of roles and duties to ensure secure access and operations.

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Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q41-Q46):

NEW QUESTION # 41
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.)

A. Class categories should be assigned to business unit.
B. Class codes should be assigned to project unit.
C. Class codesshould beassociatedwith a relatedset code.
D. Class categoriesshould beassignedtoproject type.

Answer: C,D

Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundation- configuration-manage-project-types.html#OAPFM360164 Topic - Associating Project Types and Class Categories: Examples Project classifications group your projects according to categories and codes that you define. When you associate project classifications with project types, the classification is available for selection on projects with that project type.
Use any of the following methods to associate class categories with project types:
* Add a classification to the project type definition
For each classification that you associate with the project type, you can enable the Assign to All Projects option to automatically add the classification to the project definition for all new projects with the project type.
When this option is enabled, all projects with this project type must be assigned a class code for the class category.
* Add a project type to the class category definition
* Enable the Assign to all Project Types option on the class category definition

NEW QUESTION # 42
In your customer site, the capitalized interest calculation is implemented on their project types. Which option represents the costs considered in the interest calculation? (Choose the best answer.)

A. expenditure type exclusions on the Capitalized Interest rate name
B. expenditure items whose cost spreads across multiple assets that are capitalized
C. expenditure items whose costs are applied to a single asset or multiple assets
D. common costs on the project/task
E. expenditure type exclusions on the Capitalized Interest rate schedules

Answer: C

Explanation:
Reference: https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_988B43C997365159E040D30A68813832
https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49622/F1125377AN61D92.htm

NEW QUESTION # 43
Which application would you use to map application roles to external roles? (Choose the best answer.)

A. BPM Work List
B. Oracle Identify Manager
C. Security Console
D. Authorization Policy Manager

Answer: D

Explanation:
Ref:https://docs.oracle.com/cd/E17904_01/doc.1111/e14431/managing.htm#APMAG3333 Fusion Middleware Administrator's Guide for Authorization Policy Manager Managing Security Artifacts This chapter describes the procedures an administrator follows to manage application-specific security artifacts, view the external role hierarchy, manage the application role hierarchy, andmanage the many-to- many mapping of application roles to external roles from both the application and the external role point of view.
This chapter is divided into the following sections:
* Managing Application Security Artifacts
* Viewing the External Role Hierarchy
* Managing the Application Role Hierarchy
* Mapping Application Roles to an External Role
* Mapping External Roles to an Application Role
Role Mapping Policy
* A Role Mapping Policy is used to determinewhat external subjects(users, groups orExternal Roles) are assigned to the applicable Application Role. The Application Role, when referenced in an Authorization Policy, defines the principals affected by the Authorization Policy. Role Mapping Policies may also include conditions Oracle Identity Manager -Not used for mapping application roles to external roles How do Users Interact with Oracle Identity Manager?
Oracle Identity Manager provides an end-user interface, called the Identity Self Service console, and a system administrator interface, called the Identity System Administration console. Both end-users and system administrators use the web browser to log on to Oracle Identity Manager. Oracle Identity Manager (OIM)
* OIM provision users, roles, and defines what a user can do in Oracle Cloud
* Duty Roles are mapped to jobs and assigned access privileges (Data Security)

NEW QUESTION # 44
Which data format is supported by SOAP Web services to establish communication between web services consumers and web services providers?

A. XML
B. JSON
C. XLSX
D. CSV

Answer: A

Explanation:
XML (Extensible Markup Language) is the data format that is supported by SOAP (Simple Object Access Protocol) Web services to establish communication between web services consumers and web services providers. XML is a standard format that allows data to be exchanged across different platforms and applications. SOAP Web services use XML to encode the messages and data that are sent and received between the web services endpoints. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio- management/20c/oapfm/integrate-project-financial-management.html#OAPFM2356071

NEW QUESTION # 45
Which two are the workflows in Project Financial Management? (Choose two.)

A. Expenditure Item Adjustment
B. Capital Interest Calculation
C. Asset Line Generation
D. Project Status Change
E. Burden Cost Recalculation

Answer: A,D

Explanation:
The workflows in Project Financial Management are business processes that automatethe approval and notification tasks for various project transactions and events. Two of the workflows in Project Financial Management are:
* Project Status Change: This workflow manages the approval and notification tasks for changing the status of a project or task from one value to another. For example, when a project or task is submitted for approval, this workflow routes the request to the appropriate approvers and notifies them of the action required.
* Expenditure Item Adjustment: This workflow manages the approval and notification tasks for adjusting expenditure items that have been charged to a project or task. For example, when an expenditure item is adjusted by a project manager or a cost accountant, this workflow routes the adjustment to the appropriate approvers and notifies them of the action required. Capital Interest Calculation, Burden Cost Recalculation, and Asset Line Generation are not workflows in Project Financial Management, but processes that perform various calculations and transactions for project costs and assets. Reference:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project- financial-management.html#OAPFM2356161

NEW QUESTION # 46
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FREE 1Z0-1057-24 EXAM QUESTIONS - ORACLE 1Z0-1057-24 REAL EXAM QUESTIONS: ORACLE PROJECT MANAGEMENT CLOUD 2024 IMPLEMENTATION PROFESSIONAL FINALLY PASSED

Free 1z0-1057-24 Exam Questions - Oracle 1z0-1057-24 Real Exam Questions: Oracle Project Management Cloud 2024 Implementation Professional Finally Passed