Oracle 1Z0-1057-23 : Oracle Project Management Cloud 2023 Implementation Professional

1Z0-1057-23 real exams

Exam Code: 1Z0-1057-23

Exam Name: Oracle Project Management Cloud 2023 Implementation Professional

Updated: Sep 05, 2026

Q & A: 138 Questions and Answers

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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionWeightObjectives
Functional Setup Manager and Implementation10%- Configure and manage implementation projects
- Use Rapid Implementation Workbook
Project Management Cloud Overview and Common Configuration15%- Set up calendars, periods, rate schedules, transaction sources
- Describe architecture and components
- Manage security, roles, duties and user experience
- Configure enterprise settings, reference data sharing
Project Costing20%- Set up budgetary controls and cost controls
- Configure cost collection, allocations, burdening
- Integrate with Time and Labor
Program Management and Reporting10%- Set up programs and hierarchies
- Configure project performance reporting and KPIs
Project Planning, Control and Forecasting15%- Set up project controls and performance tracking
- Manage project schedules and progress
- Define project budgets and forecasts
Project Billing and Revenue Management20%- Set up revenue recognition and invoicing
- Manage contract billing and revenue accounting
- Configure cross-charging, transfer pricing
Resource Management10%- Configure enterprise resource setup
- Manage resource allocation and utilization

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

Question 1

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

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


Question 2

You are implementing Project Portfolio Management for a global professional services organization. In their Consulting Services line of business, it is common to use resources from different business units based on the skills required. Therefore, cross-charge transactions happen between business units within the same legal entity. Transfer price calculations need to be based on raw costs, with no further adjustments to transfer price.
Identify two setups that can drive this borrowed and lent agreement.

A. Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.
B. Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
C. Transfer price basis must be Raw Cost and calculation method must be Basis Only.
D. A document entry such as straight time must be enabled for cross-charge transactions.


Question 3

After completing setups in a source environment, your customer wants to move the setup data to a target environment. Identify the two statements related to task list scope, which you must consider before taking a decision based on the customer requirement.

A. Exported setup data can be filtered by specific scope values if the business object has scope enabled for the setup data export.
B. Exported setup data cannot be filtered by specific scope values if the business object has scope enabled for the setup data export.
C. A scope value is used to assign users who can perform a task within an implementation project.
D. A task list can be segmented by a scope value and a task can be performed for each qualifying value of the selected object.


Question 4

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


Question 5

You have defined two expenditure types, but they are not available for selection when you enter an expenditure batch. Identify the reason for this problem. (Choose the best answer.)

A. The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.
B. The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.
C. The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.
D. The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.


Solutions:

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

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