1z0-1057 dumps pdf 2019 - Latest Exam Collection 1z0-1057 study materials
                               O   r  a  c  l e    1 Z0-1057 Dumps pdf
Oracle Project Portfolio Management Cloud 2019 
Implementation Essentials
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Question: 1 
 
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 
 
  
Question: 2 
 
In a Project Draft Invoice preview, quantity (hours) and unit price (bill rate) are shown as fields on the 
invoice. Quantity and unit price are then used to calculate the line total, then the total price of the 
invoice. After the invoice is transferred or created in Receivables, the invoice detail has a quantity of 1, 
and a unit price equal to the line total. The detailed Unit Price/Quantity does not come through on the 
Receivables invoice. 
Identify the correct statement about details in the receivables invoice. (Choose the best answer.) 
 
A. The project sends only the invoice header and invoice line description to Receivables, not the invoice 
distributions. 
B. The project sends the invoice header, invoice line description, and the invoice distributions to 
Receivables. 
C. The project sends only the invoice header to Receivables, not the invoice line description and 
distributions. 
D. The project sends the invoice line description and the invoice distributions to Receivables, but not the 
invoice header. 
 
Answer: B 
 
  
 
Question: 3 
 
Which two statements are true about the cross-charge method, Borrowed and Lent? 
 
A. This method creates accounting entries that move an amount equal to the transfer price between the 
provider and receiver organizations within a legal entity. 
B. Costs or revenue are shared based on transfer price rules with this method. 
C. You must set up the contract business unit to use this method. 
D. This method creates a formal internal invoice. 
 
Answer: A B 
 
Explanation 
 
Ref: 
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjc/process-project-cost-
transactions 
What's a borrowed and lent processing method? 
A method of processing cross-charge transactions that generates accounting entries to share revenue or 
transfer costs from the provider organization to the receiver organization within a legal entity. An 
internal invoice isn' t created but costs or revenue are shared based on the transfer price rules. This 
method provides a financial view of the performance of an organization. 
 
  
Question: 4 
 
Identify the precedence order in which cost rates are determined for a planning resource when deriving 
raw costs for rate-based planning resources. (Choose the best answer.) 
 
A. Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule 
B. Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate 
C. Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule 
D. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule 
E. Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule 
 
Answer: D 
 
Explanation 
Reference 
https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_8718794B26A7BB93E040D30A688149A3 
 
  
 
Question: 5 
 
You have a billable project for which the following details are provided: Associated Inception-To-Date 
(ITD) Project Actual Cost: USD 60 Associated Project Budgeted Cost: USD 300 
Contract Amount: USD 1000 Project Funded Amount: USD 750 
Sum of Existing Revenue Events: USD 80 
Identify the Associated Project Spent revenue that will get generated based on the preceding details. 
(Choose the best answer.) 
 
A. USD 184 
B. USD 120 
C. USD 134 
D. USD 70 
 
Answer: D 
 
Explanation 
 
Ref: 
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/manage-project-
contract-revenue 
Associated Project Percent Spent Example 
The following formula calculates the percent spent revenue for the associated project. 
((Sum of ITD Actual Cost for every subtask that is part of the associated task / Sum of Total Budgeted 
cost for every task that is part of associated task) 
x Associated Project Funded Amount) – Sum of Existing Invoice Event Amounts for the Associated 
Project ((60/300) x 750) – 80 = 70 
((Actual Cost / Budgeted Cost) x Budgeted Revenue) – Sum of Revenue Event Amount 
 
  
Question: 6 
 
You recently made some changes to a project contract and the current status of the contract is Under 
Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the 
best answer.) 
 
A. On Hold > Pending Acceptance > Active 
B. On Hold > Pending Approval > Active 
C. Pending Approval > Pending Acceptance > Active 
D. Pending Acceptance > Pending Approval > Active 
 
Answer: C 
 
Explanation 
 
 
Reference https://docs.oracle.com/cloud/latest/common/FASCC/FASCC1124283.htm Topic - Contract 
Actions and Status Changes: Explained 
 
  
Question: 7 
 
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; common values allowed 
D. assignment to multiple sets; no common values allowed 
 
Answer: D 
 
Explanation 
 
Reference 
https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-enterprise-
structures.html#FACIA4 
Reference Data Sharing Methods 
Variations exist in the methods used to share data in reference data sets across different types of 
objects. The following list identifies the methods: 
Assignment to one set only, no common values allowed. This method is the simplest form of sharing 
reference data that allows assigning a reference data object instance to one and only one set. For 
example, Asset Prorate Conventions are defined and assigned to only one reference data set. This set 
can be shared across multiple asset books, but all the values are contained only in this one set. 
Assignment to one set only, with common values. This method is the most commonly used method of 
sharing reference data that allows defining reference data object instance across all sets. For example, 
Receivables Transaction Types are assigned to a common set that is available to all the business units. 
You need not explicitly assign the transaction types to each business unit. In addition, you can assign a 
business unit-specific set of transaction types. At transaction entry, the list of values for transaction 
types includes the following: 
Transaction types from the set assigned to the business unit. 
Transaction types assigned to the common set that is shared across all business units. 
Assignment to multiple sets, no common values allowed. The method of sharing reference data that 
allows a reference data object instance to be assigned to multiple sets. For instance, Payables Payment 
Terms use this method. It means that each payment term can be assigned to one or more than one set. 
For example, you assign the payment term Net 30 to several sets but assign Net 15 to a set specific only 
 
to your business unit. At transaction entry, the list of values for payment terms consists of only the set 
that is assigned to the transaction's business unit. 
Note: Oracle Fusion Applications contains a reference data set called Enterprise. Define any reference 
data that affects your entire enterprise in this set. Also update the data set going forward as you create 
new reference data items. 
 
  
Question: 8 
 
Identify three correct statements about the integration of Primavera P6 Enterprise Project Portfolio 
Management and Oracle Project Portfolio Management Cloud. (Choose three.) 
 
A. Event completion flows from Primavera P6 Enterprise Project Portfolio Management to Oracle Project 
Portfolio Management Cloud. 
B. Billing events flow from Primavera P6 Enterprise Project Portfolio Management to Oracle Project 
Portfolio Management Cloud. 
C. Summarized actual quantity and cost flow from Oracle Project Portfolio Management Cloud to 
Primavera P6 Enterprise Project Portfolio Management. 
D. Projects and task definitions flow from Oracle Project Portfolio Management Cloud to Primavera P6 
Enterprise Project Portfolio Management. 
E. Project plans and progress flow from Oracle Project Portfolio Management Cloud to Primavera P6 
Enterprise Project Portfolio Management. 
 
Answer: A C D 
 
Explanation 
 
Ref: https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49622/F1125394AN6D254.htm 
  
 
 
Primavera P6 Enterprise Project Portfolio Management and Oracle Fusion Project Portfolio 
Management: How They Work TogetherUse Oracle Fusion Project Integration Gateway to integrate 
Oracle Fusion Project Portfolio Management with Primavera P6 Enterprise Project Portfolio 
Management. The integration enables project accountants, project billing specialists, and executives to 
centrally perform project costing, billing, accounting, and executive reporting tasks in Oracle Fusion 
Project Portfolio Management while enabling each project manager to perform detailed project 
planning and scheduling in Primavera P6 Enterprise Project Portfolio Management. 
Oracle Fusion Project Integration Gateway ensures data security, integrity, and efficiency by defining a 
set framework in which data is exported from and imported into Oracle Fusion Project Portfolio 
Management. 
The following table and diagram provide an overview of the flow of information. 
Information Type From Application To Application 
Global integration information 
Oracle Fusion Project Portfolio Management Primavera P6 Enterprise Project Portfolio Management 
Projects and task definition 
 
Oracle Fusion Project Portfolio Management Primavera P6 Enterprise Project Portfolio Management 
Summarized project actual quantity and cost 
Oracle Fusion Project Portfolio Management Primavera P6 Enterprise Project Portfolio Management 
Project plans and progress 
Primavera P6 Enterprise Project Portfolio Management Oracle Fusion Project Portfolio Management 
Billing events 
Oracle Fusion Project Portfolio Management Primavera P6 Enterprise Project Portfolio Management 
Event completion 
 Primavera P6 Enterprise Project Portfolio Management Oracle Fusion Project Portfolio Management 
 
  
Question: 9 
 
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: A C 
 
  
Question: 10 
 
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: A B C 
 
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