VALID 1Z0-1057-23 EXAM SAMPLE, LATEST 1Z0-1057-23 DUMPS FREE

Valid 1Z0-1057-23 Exam Sample, Latest 1Z0-1057-23 Dumps Free

Valid 1Z0-1057-23 Exam Sample, Latest 1Z0-1057-23 Dumps Free

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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q126-Q131):

NEW QUESTION # 126
Your customer wants to calculate Estimate to Complete (ETC) as the difference between Current Planned Cost and Actual Cost. In Progress Settings, which option would you use in conjunction with the ETC method to meet this requirement? (Choose the best answer.)

  • A. Remaining Plan
  • B. Cost
  • C. Manual Entry
  • D. Effort

Answer: D

Explanation:
Reference https://ppm-help.saas.hpe.com/en/9.42/Help/Content/UG/PjMUG/view_pj_cost_data_costtab.htm Below is an example of the Financial Summary view on the Cost tab of the Project Overview page.


NEW QUESTION # 127
Select two correct statements about project classifications on a template.

  • A. Project Classification is a mandatory field on a project template.
  • B. Set Code is not required for a project class category in a project classification.
  • C. Project class category in a project classification must be associated with a Set Code.
  • D. When a project is created from a template, the required project classifications must be entered.

Answer: B

Explanation:
Project classifications are used to group and report on projects based on different criteria. A project template can have one or more project classifications, which can be either required or optional. When a project is created from a template, the required project classifications must be entered, while the optional ones can be left blank. A project class category in a project classification must be associated with a set code, which determines the list of values for the project class. Project classification is not a mandatory field on a project template, but it is recommended to use it for reporting purposes. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-plans.html#OAPFM2355961


NEW QUESTION # 128
You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they review the rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month. Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)

  • A. Define allocation basis by using Actual Amounts with a project-to-date amount class.
  • B. Define allocation basis by using Actual Amounts with a period-to-date amount class.
  • C. Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task during the previous accounting period.
  • D. Allocate rental costs once each accounting period by using the "full" allocation method.
  • E. Allocate rental costs once each accounting period by using the "spread evenly" allocation method.

Answer: D

Explanation:
To allocate the rental cost to the projects and tasks based on the raw costs of the tasks from the previous month, you need to do the following:
Allocate rental costs once each accounting period by using the "full" allocation method. This method allocates the entire source amount to the target tasks in one run.
Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task during the previous accounting period. This ensures that the source amount is proportionally allocated to the tasks based on their relative raw costs.
Define allocation basis by using Actual Amounts with a period-to-date amount class. This allows you to use the actual raw costs of the tasks as the basis for allocation and to use the amounts from the previous accounting period. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2355951


NEW QUESTION # 129
Your customer started operations and all projects in January 2015. They implemented Enterprise Project Structure for calculating project labor demand by using the Annual option. When they view the labor demand on 15-Dec-2015, the project hierarchy viewer shows data only for the year 2015. The client expected the demand to be shown for a year, from 15-Dec-2015 to 15-Dec-2016.
Identify how the project hierarchy viewer displays labor demand information. (Choose the best answer.)

  • A. The current period start date is used for calculating labor demand for the current year.
  • B. The current date is used for calculating labor demand for the current year.
  • C. The date entered by a user as a parameter when running the Update EPS job was set to 01-Jan-2015, and hence the calculations show results for the year 2015.
  • D. The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.

Answer: B

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/analyze-project-management-performance.html#OAPEM1313471 Topic - Project Labor Demand: How It,s Calculated Settings That Affect Project Labor Demand Project application administrators must do the following to set up how project labor demand is calculated:
Organize projects into hierarchical groups on the Manage Enterprise Project Structure page.
Change the quarterly FTE hours for the organization on the Define Project Management Implementation Options page, if different from 520 hours.
Note: You can choose to view labor demand annually instead of quarterly. The Project Hierarchy Viewer uses the current date to determine which year or quarter to display.


NEW QUESTION # 130
Using Oracle Time and Labor, your client wants to put in a validation process that allows only a certain number of maximum hours an employee can charge in a day, and a minimum of hours he or she can report in a week.
What feature would you use to meet this requirement? (Choose the best answer.)

  • A. time calculation rules
  • B. project time validation rules
  • C. time audit rules
  • D. time entry rules

Answer: C

Explanation:
To put in a validation process that allows only a certain number of maximum hours an employee can charge in a day, and a minimum of hours he or she can report in a week, you need to use time entry rules. Time entry rules allow you to define the conditions and actions for validating time entries based on various attributes such as hours, dates, projects, tasks, etc. You can also specify the error messages and severity levels for the time entry rules. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-time-and-labor.html#OAPFM2355991


NEW QUESTION # 131
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