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Oracle Project Financials Management Cloud 1Z0-1057-23

1Z0-1057-23

Exam Code: 1Z0-1057-23

Exam Name: Oracle Project Management Cloud 2023 Implementation Professional

Updated: Aug 03, 2026

Q&A Number: 138 Q&As

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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionObjectives
Project Management- Manage project execution
  • 1. Application Composer usage
  • 2. Project gates
  • 3. Project requirements
  • 4. Issues and deliverables
Project Costing- Manage project costing configuration
  • 1. Cost collection center
  • 2. Time and labor integration
  • 3. Allocations
  • 4. Burdening
  • 5. Budgetary controls
Project Performance Reporting- Configure reporting and KPI tracking
  • 1. Performance KPIs
  • 2. Project reporting configuration
Functional Setup Manager- Configure implementation setup
  • 1. Functional Setup Manager usage
  • 2. Rapid Implementation Workbook
Project Resource Management- Configure resource management
  • 1. Enterprise labor resources
  • 2. Resource allocation
Project Management Overview- Describe the components of Oracle Project Management Cloud
  • 1. Understand project management architecture
  • 2. Explain available integrations
Common Project Configuration- Configure enterprise project settings
  • 1. Subledger Accounting
  • 2. Reference data sharing
  • 3. Project Financial Management organizations
Project Billing- Configure project billing and revenue
  • 1. Revenue management
  • 2. Transfer pricing
  • 3. Cross charging
  • 4. Project invoicing
Program Management- Manage programs and reporting
  • 1. Program setup
  • 2. Program reporting
Navigation, User Experience, Personalization, and Approvals- Manage approvals and workflows
  • 1. Set up notifications
  • 2. Configure approval tasks
- Describe user experience features
  • 1. Navigation concepts
  • 2. Personalization options
Applications Security- Manage security configuration
  • 1. Applications Security Console
  • 2. Roles and duties
Project Control- Manage project planning and forecasting
  • 1. Forecast management
  • 2. Project budgets
Project Foundation- Configure foundational project structures
  • 1. Project resources
  • 2. Rate schedules
  • 3. Project calendars and periods
  • 4. Transaction sources
  • 5. Project types

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

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

A) Manage Project Plan Resource Assignment
B) Allocate Project Expense
C) View Project Progress
D) Transfer Project


2. Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction''s business unit.
Which reference data sharing method would you set up to meet the customer requirement? (Choose the best answer.)

A) assignment to one set only with common values
B) assignment to one set only; no common values allowed
C) assignment to multiple sets; no common values allowed
D) assignment to multiple sets; common values allowed


3. You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish?

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


4. Your customer has 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 will be populated in such invoices?

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


5. Your customer complains that their project resources do not report their time promptly, which has resulted in incorrect reporting of project performance. What should you do to fix this problem? (Choose the best answer.)

A) Enable track missing time at project unit.
B) Enable track missing time at project template.
C) Enable track missing time at business unit.
D) Enable track missing time at project type.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: C
Question # 3
Answer: D
Question # 4
Answer: C
Question # 5
Answer: A

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