[Feb-2022] Free 1z0-1057-20 Exam Questions 1z0-1057-20 Actual Free Exam Questions
Verified 1z0-1057-20 dumps and 92 unique questions
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NEW QUESTION 40
Identify the attribute of a project type that determines if expenditure items are billable, and the amount type to be used as the basis for transfer pricing. (Choose the best answer.)
- A. cost type
- B. work type
- C. expenditure type
- D. event type
Answer: B
Explanation:
Explanation
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125361.htm#OAPFM1125277 (what's a work type?) In billing, you can use work types to classify work for the following purposes:
* To determine the default billable status of expenditure items.
* To classify cross-charge amounts into cost and revenue for cross-charge transactions.
Tip: To use work types to determine whether an expenditure item is billable you must set the profile option Work Type Derived for Expenditure Item to When you create or import expenditure items, the default work type is inherited from the associated task.
Tasks, in turn, inherit work type values from parent tasks and ultimately from the project. Project types determine the default work type value for projects an
NEW QUESTION 41
Your organization has created an Enterprise Project Structure (EPS) and your executives review the overall project labor demand by using the EPS. Identify two correct statements about the periodic project labor demand. (Choose two.)
- A. Labor Demand FTE is calculated as Yearly Allocation hours divided by Yearly FTE hours, if a year is used as the basis for viewing labor demand.
- B. Labor Demand FTE is calculated as Monthly Allocation hours divided by Monthly FTE hours, if a period is used as the basis for viewing labor demand.
- C. Labor Demand FTE is calculated as Quarterly Allocation hours divided by Quarterly FTE hours, if a quarter is used as the basis for viewing labor demand.
- D. Labor Demand FTE is calculated as Project Allocation hours divided by Project FTE hours, if project duration is used as the basis for viewing labor demand.
Answer: A,C
Explanation:
Explanation
Reference
https://docs.oracle.com/cloud/farel10/projectcs_gs/OAPEM/OAPEM1461017.htm#OAPEM1313472 Project Labor Demand: How It s Calculated Project executives want to track the labor demand in projects in their organization. The Project Hierarchy Viewer provides project executives a hierarchical view of the enterprise project structure (EPS) along with the labor demand in terms of full-time equivalent (FTE).
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.
How Project Labor Demand Is Calculated
The Project Hierarchy Viewer calculates project labor demand in the following manner:
* Spreads the allocation hours from the Manage Project Resources page evenly over the days that the resources are allocated to the project.
* Divides the quarterly project allocation hours by the quarterly FTE hours to get the labor demand.
* Rolls up the quarterly and annual labor demand up the hierarchy.
NEW QUESTION 42
As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do not seem to be right. Based on the calculations, you notice that the amounts calculated are not considering the burden schedule override at a task level, which was done during the second month of the quarter. Identify the reason for this problem. (Choose the best answer
- A. You can enable automatic reprocessing of expenditure items processed before the burden schedule change.
- B. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.
- C. All expenditure items charged to the task use the new burden schedule.
- D. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier cannot be reprocessed.
Answer: B
Explanation:
Explanation
Reference
https://docs.oracle.com/cloud/r13_update17b/projectcs_gs/OAPJC/OAPJC1071490.htm#OAPJC1071482
NEW QUESTION 43
Which two attributes are available while enabling a task as a business object for social networking?
- A. Task
- B. Task Number
- C. Project Number
- D. Creation Date
- E. Project
Answer: B,C
NEW QUESTION 44
Your client is involved in automation control systems installation. Over the years, they have analyzed their total project spend on specific resource classes. They have identified that their cost spread distribution factor on a 10 spread point scale resembles:
0-4-10-11-14-13-10-4-0-0. Identify two ways to handle this kind of a spread on their budgets and forecasts. ( Choose two)
- A. Use the predefined Bell Curve spread with small deviations on the spread points.
- B. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to a project template.
- C. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to the resource class.
- D. Use the predefined S-Curve spread with small deviations on the spread points.
Answer: A,C
NEW QUESTION 45
You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitment for $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
Explanation:
Explanation
Budget 5,000Actuals 800Commitment 600
ETC = Budget - Actuals - Commitment
ETC = 5,000-800-600 = 3,600 Budget available for next 4 months = 3,600/4 = 900/month
NEW QUESTION 46
Which three tools are available for accessing REST APIs?
- A. Programming Language
- B. Web Browser
- C. cURL
- D. Oracle Transactional Business Intelligence
Answer: A,B,C
Explanation:
Explanation
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/18b/fapap/Use_cURL.html REST API = REpresentational State Transfer (REST) Application Programing Interface (API)
NEW QUESTION 47
Your customer wants a project start date to cascade to the project tasks but does not want the finish date to be cascaded. Identify the default setup in a project template that can be used to enable this. (Choose the best answer.)
- A. Cascade change to the start date.
- B. Cascade change to the start date and the finish date.
- C. Do not cascade date changes.
- D. Cascade change to the finish date.
Answer: A
Explanation:
Explanation
Reference
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-control-configuration-ma Topic - Project Date Cascade Options Use the Cascade option choice list to determine whether your changes to project dates cascade to tasks.
Use the Basic Information region on the Edit Project Template page to select one of the following options:
* Do not cascade project date changes to tasks: Both start and finish dates are editable. However, you must ensure the following:
* The project start date is not later than the earliest task date.
* The project finish date is not earlier than the latest task date.
* Cascade project start date change to affected tasks: You can edit only the project start date.
* Cascade project finish date change to affected tasks: You can edit only the project finish date.
Do not cascade project date changes to tasks is the default value. You must select the cascade option each time you change the project dates, as your selection isn't saved for future date changes.
If you select to roll up planned dates for tasks or are using an external application for scheduling, then you can't modify the project start or finish dates.
NEW QUESTION 48
Which five steps are required for the File-Based Data Import Integration option?
- A. Import data into various applications.
- B. Download an Excel template.
- C. Populate the spreadsheet with data and generate a CSV file.
- D. Run Process to transfer data to interface tables.
- E. Install an Excel add-in.
- F. Upload the file to the server.
Answer: B,C,D,E,F
Explanation:
Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oefpp/overview.html#External_Data_In
NEW QUESTION 49
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
- B. Enable track missing time at project template.
- C. Enable track missing time at business unit.
- D. Enable track missing time at project type.
Answer: A
NEW QUESTION 50
Identify the valid approval group type applicable to Oracle Project Financial Management Cloud. (Choose the best answer.)
- A. Flexfield
- B. Position
- C. Static
- D. Dynamic
- E. Job
Answer: C
Explanation:
Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-approval-management.html#FACIA Topic Approval Groups Each approval group includes a set of users that you configure to act on tasks in a certain pattern. Tasks can be defined to get routed to an approval group instead of an individual user. You can nest approval groups within approval groups.
You have two options for defining the group:
* Static: Select the specific users to include in the group.
* Dynamic: Provide the logic to use to determine the users in the group.
NEW QUESTION 51
As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes in HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers. (Choose the best answer.)
- A. Pool Membership
- B. Person Type
- C. attributes that the project enterprise resources are assigned after creation
- D. Jobs
Answer: B
Explanation:
Explanation
Reference https://docs.oracle.com/cloud/farel8/projectcs_gs/OAPEX/F1082603AN23E61.htm Manage Project Enterprise Labor Resource Maintenance Conditions Project Enterprise Labor Resources: How They Are Automatically Created and Maintained Run the Maintain Project Enterprise Labor Resources process to create resources, remove resource availability for staffing, and maintain the resource search index.
Settings That Affect the Maintain Project Enterprise Labor Resources Process Create and maintain project enterprise labor resources by defining a set of conditions that specify the employees and contingent workers in Oracle Fusion Human Capital Management (HCM) to create as resources in Oracle Fusion Project Portfolio Management. Define the resource attribute values, such as the resource calendar and primary project role, to assign to the new resources.
The following table lists the criteria that you define for selecting HCM persons to create as project enterprise labor resources.
Selection Criteria
Description
Person type
Select the HCM person type for the process to use as criteria when selecting HCM persons to create as resources. Available person types are employees, contingent workers, or both employees and contingent workers.
Option to select people based on job
Select this option for the process to create resources for HCM persons with specific jobs.
Caution If you do not select job criteria for this condition, the process will create resources for all eligible people based only on the person type.
Jobs
If you selected the option to select people based on job, then select the jobs for the process to use as HCM person selection criteria.
The following table lists the attributes for which you specify values to assign to resources that are created for the condition.
Resource Attribute
Description
Option to manage resource availability and staffing
Select this option for resource managers to manage the availability and project staffing of resources who are created based on the condition. Resources who are managed in Oracle Fusion Project Resource Management are eligible to fulfill project resource requests.
Calendar
Select the resource calendar for resources that are created based on the condition. The resource calendar defines the work schedule for project enterprise labor resources, and includes working days and hours and any exceptions, such as holidays.
Primary project role
Select the primary project role for resources that are created based on the condition. Project roles are maintained in Oracle Fusion Project Management.
Cost rate and currency
Enter the cost rate and currency for resources that are created based on the condition.
Bill rate and currency
Enter the bill rate and currency for resources that are created based on the condition.
NEW QUESTION 52
You have four resources in your organization: P, Q, R, and S.
Resource P - Project or resource calendar is active.
Resource Q - Project resource request dates are within the project or resource calendar effective dates.
Resource R - Resource calendar is complex, it does not contain seven days, and it contains more than one pattern and shift.
Resource S - Number of working days within the requested date range is not zero on the project or resource calendar.
Identify the resource for whom Resource Availability Capacity Score will not be calculated. (Choose the best answer.)
- A. R
- B. S
- C. Q
- D. P
Answer: A
Explanation:
Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/evaluate-and-assign-resources.h Topic - Resource Available Capacity Score: How It's Calculated Calendars Used to Calculate Resource Available Capacity Scores How the Resource Available Capacity Score Is Calculated
NEW QUESTION 53
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 multiple sets; common values allowed
- C. assignment to one set only; no common values allowed
- D. assignment to multiple sets; no common values allowed
Answer: D
NEW QUESTION 54
Identify the three contract attributes from Project Performance Data that are used in Project Performance dashboard regions. (Choose three.)
- A. Projects
- B. Expenditure Type
- C. Contract Header
- D. Task
- E. Contract Line
Answer: A,D,E
Explanation:
Explanation
Reference https://docs.oracle.com/cloud/farel9/projectcs_gs/FAUAR/F1537947AN10251.htm
NEW QUESTION 55
Your customer wants to perform billing based on the Percent Spent invoice method. Identify two setups that are required in project contracts for calculating invoice amounts as per their requirement. (Choose two.)
- A. billing events
- B. bill plan
- C. expenditure items
- D. invoice method
- E. billing controls
Answer: B,E
Explanation:
Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/create-customer-contract.html#O Bill Plan - Create a bill plan within a contract that uses the invoice method you require. Assign the bill plan to one or more contract lines. A set of instructions on a contract that define how to invoice a customer. Multiple contract lines on a contract can use the same or different bill plans. Invoice Method is used in creating Bill Plan - not a separate setup.
Billing Controls - Contract feature that controls the types of transactions, dates, and amounts a customer may be invoiced for and revenue can be recognized for a contract or contract line. Define billing controls at the contract or contract line level.
Topic - Creating a Contract for Percent Spent Invoice and Revenue Methods: Worked Example This example describes a scenario where transactions for a contract line need to be invoiced and the revenue recognized using the percent spent method.
What are the revenue and invoice method classifications?Percent Spent
What is the billing extension calculation level for the contract line and project association?Project level Summary of the Tasks Create a contract, create the percent spent contract lines, create the bill plan, create the revenue plan.
Prerequisites
* Create a project.
* Create the project plan for percent spent revenue. Specify the plan type on the percent spent billing extension.
* Create an approved cost budget.
* Create cost and burden rates.
* Enter labor and expense transactions for the project.
* Collect costs for the transactions.
Configuration Steps
* Creating the Contract
* Creating the Percent Spent Contract Lines
* Creating the Bill Plan - A set of instructions on a contract that define how to invoice a customer.
Multiple contract lines on a contract can use the same or different bill plans.
* Creating the Revenue Plan - Common set of instructions for recognizing revenue within a contract.
Multiple contract lines on a contract can use the same or different revenue plans.
Invoice method classifications determine how transactions are invoiced. The invoice method determines how invoice amounts are derived.
* Enter an invoice method on a bill plan, which you create for a contract and assign to contract lines to provide a set of instructions for creating an invoice.
* Create billing controls for a contract or contract line to define the valid transaction dates, billing resources, and amount limits for transactions associated with the contract.
* Generate invoices to calculate the invoice amounts for a contract.
The following figure illustrates the components of a project and a contract that determine invoice amounts, and the relationships between the components.
Project and contract components used to determine invoice amounts and generate invoices.
NEW QUESTION 56
Your customer has the following setups on the project plan type that they are using for their projects:
Use Task Planned Dates as Task Assignment Dates = Yes
Automatically Roll Up Task Planned Dates = Yes
Synchronize Task Transaction Dates with Planned Dates = No
With these setups in place, you perform the following actions:
1. Create a new subtask (Sub Task 1) with a start date of 15-Jun-2016 on the project that has as start date of
01-Jul-2016.
2. Create another new subtask (Sub Task 2) after the previous action is saved.
What would the correct behavior of the application be after these actions? (Choose the best answer.)
- A. After the creation of Sub Task 1, Project Start Date would remain unchanged as 01-Jul-2016 and Sub Task 2 would be created with 15-Jun-2016.
- B. After the creation and saving of Sub Task 1, Task Start Date would be changed to 01-Jul-2016 and Sub Task 2 would be created with 01-Jul-2016.
- C. Project Start Date would remain unchanged as 01-Jul-2016 for both actions but the start dates on both subtasks would remain 15-Jun-2016.
- D. After the creation of Sub Task 1, Project Start Date would be changed to 15-Jun-2016 and Sub Task 2 would be created with 15-Jun-2016.
Answer: D
Explanation:
Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/manage-project-plan-tasks-and-ta
NEW QUESTION 57
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