1z0-1057 Exam - Oracle Project Portfolio Management Cloud 2019 Implementation Essentials

NEW QUESTION 1
As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes In HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers.
Which three are parameters that are based on which the system identifies the new resources?

• A. Department
• B. Project Unit
• C. Jobs
• D. Business Unit
• E. Organization

Answer: CDE

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/fapfm/implementing-project-execution

NEW QUESTION 2
Your organization has been awarded a new contract based on which you are allowed to sell:
Items not tracked in inventory
Inventory items
Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)

• A. Create two contract lines with a line type each of “free-form, project-based buy agreement” and “bundle sell, project-based”.
• B. Create two contract lines with a line type each of “sell intent, free-form, project-based” and “sell intent, item, project-based”.
• C. Create two contract lines with a line type each of “product, project-based, sell agreement, standalone” and “sell intent, item, project-based”.
• D. Create two contract lines with a line type each of “sell intent, item, project-based’ and “subscription, project-based, sell”.

Answer: B

NEW QUESTION 3
Your client is involved in automation control systems installation. Over the years, they have analyzed their total project spend on specific resource classes. They have identified that their cost spread distribution factor on a 10 spread point scale resembles:
0-4-10-11-14-13-10-4-0-0. Identify two ways to handle this kind of a spread on their budgets and forecasts. (Choose two)

• A. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to a project template.
• B. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to the resource class.
• C. Use the predefined Bell Curve spread with small deviations on the spread points.
• D. Use the predefined S-Curve spread with small deviations on the spread points.

Answer: BC

NEW QUESTION 4
You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? (Choose two.)

• A. Enter progress for tasks.
• B. Receive email notifications about changes that team members make to a task.
• C. View task details and the task activity stream.
• D. Edit task details.

Answer: BC

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/execute-project-tasks-and-deliv
Followers are persons who aren't working on the task but have an interest in reviewing the task progress. Only the resources and other followers can add followers to a task. If a resource assigns the task to another team member, the application automatically changes the original resource to a follower.
What's the difference between my tasks and tasks that I follow?
You can edit task details and enter progress for your tasks on the Manage Tasks page. If a task has multiple resources, only the primary resource can edit the task.
When you follow a task, you can view the task details and see the task activity stream. You receive e-mail notifications of changes that team members make to the task.
If a resource reassigns the task to another team member, then the previous resource automatically becomes a follower.

NEW QUESTION 5
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.

NEW QUESTION 6
You have projects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that these distribution set lines are not validated against the project transaction controls and you are allowed to save it without any validation errors. Identify the reason why the project transaction controls are not applied. (Choose the best answer.)

• A. There is no expenditure type information available on the distribution set line.
• B. There is no expenditure organization information available on the distribution set line.
• C. There is no expenditure item date information available on the distribution set line.
• D. The account code combination is not available on the distribution set line.

Answer: C

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/18c/oapfm/project-costing-configuration-de
How can I validate distribution sets for projects information?
Oracle Fusion Projects performs validations on Oracle Fusion Payables distribution sets for payables invoices at the time you create the actual distribution set lines. It validates the project and task number during the invoice validation.
Distribution sets are typically used on recurring transactions, and the associated project does not have transaction controls. When you create a distribution set in Oracle Fusion Payables, the distribution set line is not validated against the project transaction controls in Oracle Fusion Projects because you do not enter an expenditure item date, which is required for transaction control validation. The expenditure item date is not provided because you use the distribution sets for an indefinite period of time.

NEW QUESTION 7
Select two correct statements about project classifications on a template. (Choose two.)

• A. Set Code is not required for a project class category in a project classification.
• B. Project Classification is a mandatory field on a project template.
• C. When a project is created from a template, the required project classifications must be entered.
• D. Project class category in a project classification must be associated with a Set Code.

Answer: AC

NEW QUESTION 8
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.)

• A. billing events
• B. bill plan
• C. expenditure items
• D. billing controls
• E. invoice method

Answer: BD

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/create-customer-contract.html#O
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.

NEW QUESTION 9
You are now the project manager of a newly created implementation project. Which two items are not part of managing an implementation project?

• A. Assign tasks to various users who are responsible for managing setup data.
• B. Monitor the progress of completing setup tasks.
• C. Select the offering you want to implement.
• D. Generate a list of setup tasks.
• E. Enable optional functional areas and features by opting in.

Answer: AD

NEW QUESTION 10
Your customer wants to see how quantity, cost, and revenue amounts are automatically distributed by using Spread Curve. Identify two period options that are available for this purpose. (Choose two.)

• A. Calendar Types
• B. Project Accounting Periods
• C. Accounting Periods
• D. PA Calendar
• E. PA-GL Periods

Answer: BC

Explanation:
Reference https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_87F467307D50416BE040D30A68816855
Spread curves let you distribute quantity, cost, and revenue amounts automatically across accounting or project accounting periods. You assign a spread curve to each resource class. Planning resources (in the planning resource breakdown structure) inherit the spread curve setting from the associated resource class. You can change the spread curve for the planning resource and for any corresponding task assignments, or budget or forecast lines.

NEW QUESTION 11
Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types. Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

• A. Create a revenue method with a revenue method classification of Amount Based.
• B. Create a revenue method with a revenue method classification of Rate Based.
• C. Create a revenue method classification with a revenue method of Percent Spent.
• D. Create a revenue method classification with a revenue method of Percent Complete.

Answer: B

NEW QUESTION 12
Which three features are part of Oracle Fusion Functional Setup Manager?

• A. feature opt-in for a best fit configuration
• B. export and import services for setup data migration between environments
• C. guided task list for end-to-end setup requirements
• D. updating an implementation project task list by changing the opt-in configuration to suit the latest requirements
• E. modifying an existing implementation project task list by selecting more functional areas when needed

Answer: ABC

Explanation:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/oafsm/applications-cloud-using-func Functional Setup Manager offers the following:
• Standardized application configuration and setup experience
• Feature opt-in for a best fit configuration
• Flexible processes for managing setup:
Setup by functional areas for an adopt-as-you-go approach Implementation projects to manage setup
Upload file to enter setup data in bulk
• Guided task list for end-to-end setup requirements
• Export and import services for setup data migration between environments
• Comprehensive reporting on setup data

NEW QUESTION 13
Your customer wants a project start date to cascade to the project tasks but does not want the finish date to be cascaded. Identify the default setup in a project template that can be used to enable this. (Choose the best answer.)

• A. Cascade change to the start date.
• B. Do not cascade date changes.
• C. Cascade change to the finish date.
• D. Cascade change to the start date and the finish date.

Answer: A

Explanation:
Reference
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-control-configuration-m

NEW QUESTION 14
Your customer wants to generate accounting based on project information associated with the transaction for all subledger transactions. Identify three subledger applications for which the project source is available for deriving accounts when configuring subledger accounting. (Choose three.)

• A. Receipt Accounting
• B. Payables
• C. Fixed Asset
• D. Purchasing

Answer: ABD

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-costing-configuration-de

NEW QUESTION 15
Which two statements describe how the Resource Qualification Score is calculated?

• A. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have the qualification.
• B. An individual's score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.
• C. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification that meets the specified proficiency.
• D. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification with a proficiency that is lower or higher than specified.

Answer: CD

NEW QUESTION 16
Which application would you use to map application roles to external roles? (Choose the best answer.)

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

Answer: B

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, and manage 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 determine what external subjects (users, groups or External 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 17
Which three tools are available for accessing REST APIs?

• A. cURL
• B. Web Browser
• C. Oracle Transactional Business Intelligence
• D. Programming Language

Answer: ABD

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/18b/fapap/Use_cURL.html REST API = REpresentational State Transfer (REST) Application Programing Interface (API)

NEW QUESTION 18
You create a project schedule with a Shifts element. Identify two more elements that can be part of a project schedule. (Choose two.)

• A. Exceptions
• B. Accounting Calendar
• C. Workday Patterns
• D. Time Off
• E. Expenditure Type

Answer: AC

Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1192914.htm

NEW QUESTION 19
Which three are true of what you can do in the Project Requirements work area?

• A. Create an implementation project.
• B. Organize backlog items by requirements.
• C. Create an execution project.
• D. Create project tasks for backlog items.
• E. Manage your list of backlog items.

Answer: BDE

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapem/manage-project-requirements.ht
Project Requirements: Explained
Requirements enable you to capture your business needs. If you manage projects using the Agile development methodology, you start by identifying the high-level requirements and decomposing them further to manage the completion of work on the requirement.
You use the Project Requirements work area to:
Organize backlog items by requirements
Manage your list of backlog items
Create project tasks for backlog items

NEW QUESTION 20
Identify three correct statements about project types. (Choose three.)

• A. Project type can be used as a source in subledger accounting.
• B. Project type can be enabled for both billing and capitalization.
• C. Summarization options can be specified at project type.
• D. Classifications can be assigned at project type.
• E. Project type can be associated with multiple project units.

Answer: ABD

NEW QUESTION 21
While creating a new project template, you notice that a default Asset Cost Allocation method is being automatically associated. Identify the source setup from which the default value is being inherited. (Choose the best answer.)

• A. project classification
• B. project type
• C. project unit
• D. project organization

Answer: B

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/define-project.html#OAPJF2201
Asset Cost Allocation Methods
The asset cost allocation method determines how indirect or common costs incurred on a project are allocated to multiple assets.
You can specify an asset cost allocation method to enable Oracle Fusion Project Costing to automatically allocate unassigned asset lines and common costs across multiple assets. Unassigned asset lines typically occur when more than one asset is assigned to an asset grouping level.
Projects and project templates inherit a default asset cost allocation method from the associated project type. You can override the default at the project level. If you use capital events to allocate costs, then you can also override the asset cost allocation method at the event level
Asset Cost Allocation Methods
The following table describes the available asset cost allocation methods. Method
Basis of Cost Allocation
Actual Units
Number of units defined for each asset Current Cost
Construction-in-process (CIP) cost of each asset Estimated Cost
Estimated cost of each asset Standard Unit Cost
Combination of the standard unit cost and the number of units defined for each asset Spread Evenly
Equal allocation of cost to each asset

NEW QUESTION 22
You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they review the rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month. Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)

• A. Allocate rental costs once each accounting period by using the “full” allocation method.
• B. Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task during the previous accounting period.
• C. Define allocation basis by using Actual Amounts with a project-to-date amount class.
• D. Define allocation basis by using Actual Amounts with a period-to-date amount class.
• E. Allocate rental costs once each accounting period by using the “spread evenly” allocation method.

Answer: ABD

NEW QUESTION 23
You have closed the project accounting period with a warning, but you are unable to close the accounting period due to an error.
Identify two reasons for this problem. (Choose two.)

• A. The corresponding Oracle Payables Cloud accounting period has not been closed.
• B. Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.
• C. Pending burden summarization items have not been processed.
• D. Unaccounted transactions are not imported.
• E. Unaccounted transactions have not been swept to the next period.

Answer: BE

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjb/record-accounting-for-project-bil

NEW QUESTION 24
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.)

• A. work type
• B. event type
• C. cost type
• D. expenditure type

Answer: A

Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125361.htm#OAPFM1125277 (what’s a work type?)
In billing, you can use work types to classify work for the following purposes:
To determine the default billable status of expenditure items.
To classify cross-charge amounts into cost and revenue for cross-charge transactions.
Tip: To use work types to determine whether an expenditure item is billable you must set the profile option Work Type Derived for Expenditure Item to Yes.
When you create or import expenditure items, the default work type is inherited from the associated task. Tasks, in turn, inherit work type values from parent tasks and ultimately from the project. Project types determine the default work type value for projects and project templates.

NEW QUESTION 25
You have four resources in your organization: P, Q, R, and S. Resource P – Project or resource calendar is active.
Resource Q – Project resource request dates are within the project or resource calendar effective dates.
Resource R – Resource calendar is complex, it does not contain seven days, and it contains more than one pattern and shift.
Resource S – Number of working days within the requested date range is not zero on the project or resource calendar.
Identify the resource for whom Resource Availability Capacity Score will not be calculated. (Choose the best answer.)

• A. P
• B. Q
• C. R
• D. S

Answer: C

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/evaluate-and-assign-resources.h

NEW QUESTION 26
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