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1z0-1057-24 Study Materials and Oracle Project Management Cloud 2024 Implementation Professional Test Dumps - 1z0-1057-24 PDF Guide - GetValidTest

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Oracle 1z0-1057-24 Exam Syllabus Topics:

Topic
Details

Topic 1

Describing Navigation, User Experience, Personalization, and Approvals: Targeting user experience designers, this section evaluates knowledge of business processes supported by approvals and workflows, setting up approval and notification tasks, and concepts related to navigation, user experience, and personalization within the application.

Topic 2

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 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 Performance Reporting: This section assesses the skills of performance reporting analysts and includes configuring and managing key performance indicators for project performance reporting to monitor and evaluate project success effectively.

Topic 5

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 6

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 7

Configure Project Resource Management: This section measures the skills of resource managers and focuses on defining project enterprise labor resources to optimize resource allocation and utilization.

Topic 8

Configure Project Billing: Targeting billing specialists, this section involves configuring project cross-charging and transfer pricing, and managing project invoicing and revenue processes to ensure accurate and efficient billing operations.

Topic 9

Configure Project Control: This section measures the skills of project control specialists and focuses on managing project budgets and forecasts to maintain control over project financials and performance.

Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q121-Q126):

NEW QUESTION # 121
Which product offering enables you to collaboratively plan and deliver projects by leveraging intuitive and integrated scheduling tools?

A. Project Management
B. Resource Management
C. Project Costing
D. Project Control

Answer: A

Explanation:
Project Management is the product offering that enables you to collaboratively plan and deliver projects by leveraging intuitive and integrated scheduling tools. Project Management allows you to create and manage project plans, tasks, deliverables, issues, milestones, gates, etc. using various methods and sources. You can also monitor and control project progress and performance using dashboards and reports. Resource Management is the product offering that enables you to optimize the utilization and allocation of resources for projects and tasks. Resource Management allows you to create and manage resource requests, assignments, pools, calendars, etc. using various criteria and sources. You can also monitor and analyze resource availability and demand using dashboards and reports. Project Control is the product offering that enables you to simplify the planning, budgeting, and forecasting capabilities for projects and tasks. Project Control allows you to create and manage project budgets, forecasts, financial plans, etc. using various methods and sources.
You can also monitor and control project costs and variances using dashboards and reports. Project Costing is the product offering that enables you to capture and process project costs from various sources and applications. Project Costing allows you to create and manageproject transactions, expenditures, assets, etc.
using various rules and options. You can also generate project costing and accounting entries using dashboards and reports. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c
/oapfm/overview-project-financial-management.html#OAPFM2356301

NEW QUESTION # 122
Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)

A. Project Contract Collection Center
B. Contract Team Connect
C. Project Contract-based billing
D. Project Contract-based costing

Answer: C

Explanation:
Reference: http://www.oracle.com/us/products/applications/fusion/fusion-proj-port-mang-solut-brief-173079.
pdf
(Page 2)Flexible Contract-Based Billing
Traditional contract and billing systems enforce a rigid relationship between a project and a funding agreement, which can constrain project setup and execution.Oracle Fusion Project Portfolio Management provides a highly flexible approachto project contract-based billing via a non-exclusive relationship between multiple projects and tasks with contracts and contract lines.This means that you will have full control over defining contracts, rates and limits, and when and how to recognize revenue and generate invoices while segregating the planning and execution of your projects.

NEW QUESTION # 123
You have been hired as a project manager for implementing the Project FinancialManagement 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.)

A. Implementation Project helps in assigning responsibility of managing setup data to a broad group of users.
B. Implementation Project helps you to monitor progress of the setup tasks.
C. Implementation Project helps you to use the manage setup data entry in bulk option.
D. Implementation Project gives you the flexibility to set up different functional areas of the offering at different times.

Answer: A,B

Explanation:
Some of the main benefits of using the implementation projects within Functional Setup Manager are:
* Implementation Project helps in assigning responsibility of managing setup data to a broad group of users. You can assign tasks to different users who are responsible for entering and validating setup data for different functional areas of the offering.
* Implementation Project helps you to monitor progress of the setup tasks. You can track the status and completion percentage of each task and view the dependencies and prerequisites among tasks.
Implementation Project does not give you the flexibility to set up different functional areas of the offering at different times, as this is determined by the configuration package that you select for your implementation. Implementation Project does not help you to use the manage setup data entry in bulk option, as this is a separate feature that allows you to import and export setup data across instances using spreadsheets. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c
/oapfm/implement-project-financial-management-applications.html#OAPFM2356051

NEW QUESTION # 124
Your customer accounts revenue based on, product class category. Because all your customer's projects are funded by private and government institutions, they decide to classify all projects based on their funding source to accurately report on revenue in General Ledger. Accordingly, you create a new class category
"Funding Source" and assign it to all projects. However, you notice that the accounting is still happening based on product class category. Identify the reason for this problem. (Choose the best answer.)

A. Funding source class category is assigned to all project types.
B. Funding source class category is enabled for "available as accounting source".
C. Product class category is not enabled for "available as accounting source".
D. Funding source class category is not enabled for "available as accounting source".

Answer: D

Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation- configuration-define-types-and-categorizations.html#OAPFM222700 Topic - Manage Project Class Categories Setting Up Class Categories: Points to Consider Available as Accounting Source This option indicates if theclass category is available as an accounting source so that Oracle Fusion Subledger Accounting can use the category to create mapping sets, account rules, journal line rules, and description rules.
Only one class category at a time is available as an accounting source in Oracle Fusion Subledger Accounting.
To change the class category that Oracle Fusion Subledger Accounting uses, deactivate the old class category and create a new one with a different date range.

NEW QUESTION # 125
Which three are valid password complexity criteria while setting up password policies? (Choose three.)

A. Simple: At least 8 characters and 1 number
B. Complex: At least 8 characters, 1 uppercase, and 1 number
C. Very Complex: At least 8 characters, 1 uppercase, 1 number, and 2 special characters
D. Very Complex: At least 8 characters, 1 uppercase, 1 number, and 1 special character
E. Very Complex: At least 6 characters, 1 uppercase, 1 number, and 1 special character

Answer: B,C,D

Explanation:
Password complexity criteria are criteria that determine how strong or secure a password must be for a user account. Password complexity criteria can include requirements such as minimum length, uppercase letters, lowercase letters, numbers, special characters, etc. Three of the valid password complexity criteria while setting up password policies are:
* 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 8 characters, 1 uppercase, 1 number, and 1 special character Simple: At least 8 characters and 1 number is not a valid password complexity criterion while setting up password policies, as this criterion does not meet the minimum security standards for Oracle Cloud applications.
Very Complex: At least 6 characters, 1 uppercase, 1 number, and 1 special character is also not a valid password complexity criterion while setting up password policies, as this criterion does not meet the minimum length requirement of 8 characters for Oracle Cloud applications. Reference: https://docs.
oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financial- management.html#OAPFM2356271

NEW QUESTION # 126
......

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