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Oracle Project Financials Management Cloud 1Z0-1057-21

1Z0-1057-21

Exam Code: 1Z0-1057-21

Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials

Updated: Oct 11, 2026

Q&A Number: 93 Q&As

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Project Billing and Revenue Management- Contract and Billing Setup
  • 1. Invoice Generation
  • 2. Billing Events
  • 3. Revenue Recognition
Topic 2: Resource Management- Resource Structures
  • 1. Resource Calendars
  • 2. Project Staffing
  • 3. Resource Requests
Topic 3: Project Cost Management- Cross-Charge Processing
  • 1. Borrowed and Lent Transactions
  • 2. Transfer Pricing
- Cost Collection and Processing
  • 1. Expense Management Integration
  • 2. Supplier Cost Processing
  • 3. Cost Transactions
Topic 4: Project Foundation Setup- Project Units
  • 1. Implementation Options
  • 2. Business Units
  • 3. Reference Data Sets
Topic 5: Project Execution Management- Project Control
  • 1. Budgets
  • 2. Performance Reporting
  • 3. Forecasts
- Project Planning
  • 1. Work Plans
  • 2. Resource Assignments
  • 3. Task Management
Topic 6: Project Financial Management Setup- Project Types and Templates
  • 1. Project Statuses
  • 2. Project Classes
  • 3. Project Roles
- Financial Structures
  • 1. Expenditure Types
  • 2. Transaction Sources
  • 3. Expenditure Categories
Topic 7: Security and Implementation Tools- Security Configuration
  • 1. Data Access Security
  • 2. Project Roles
- Implementation Utilities
  • 1. Functional Setup Manager
  • 2. Setup Data Migration
  • 3. Rapid Implementation Spreadsheets

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

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 Resourcesprocess 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. (Choose the best answer.)

A. Jobs
B. attributes that the project enterprise resources are assigned after creation
C. Pool Membership
D. Person Type


Question #2
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 has the qualification that meets the specified proficiency.
B. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have thequalification.
C. 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 proficiencythat is lower or higher than specified.
D. An individual's score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.


Question #3
Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page.
An HCM person is included in a condition with a process ordervalue 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 alphabetic orderbased on the condition name.
B. 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.
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.


Question #4
Your customerhas different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates willbe populated in such invoices? (Choose two.)

A. Accounting date is the first day of the first open accounting period.
B. Project accounting date is the last day of the open project accounting period.
C. Accounting date is the same as the original invoice date.
D. Project accounting date is the first day of the first open project accountingperiod.
E. Project accounting date is the same as the original invoice date.


Question #5
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 controls
B. bill plan
C. invoice method
D. expenditure items
E. billing events


Solutions:

Question #1
Correct Answer: D
Question #2
Correct Answer: A,C
Question #3
Correct Answer: A,C
Question #4
Correct Answer: A,E
Question #5
Correct Answer: A,B

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