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NEW QUESTION # 62
Which two attributes are available while enabling a task as a business object for social networking?
- A. Task
- B. Project Number
- C. Project
- D. Task Number
- E. Creation Date
Answer: A,C
Explanation:
To enable a task as a business object for social networking, you need to select the task and the project attributes. These attributes allow you to identify the task and the project it belongs to, and to view the social conversations related to them. Task number and creation date are not available as attributes for social networking. Project number is available, but it is not required to enable a task as a business object. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-tasks.html#OAPFM2355891
NEW QUESTION # 63
Which three are true of what you can do in the Project Requirements work area?
- A. Create an execution project.
- B. Organize backlog items by requirements.
- C. Manage your list of backlog items.
- D. Create project tasks for backlog items.
- E. Create an implementation project.
Answer: B,C,D
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapem/manage-project-requirements.html#OAPEM874365 Project Requirements: Explained Requirements enable you to capture your business needs. If you manage projects using the Agile development methodology, you start by identifying the high-level requirements and decomposing them further to manage the completion of work on the requirement.
You use the Project Requirements work area to:
Organize backlog items by requirements
Manage your list of backlog items
Create project tasks for backlog items
NEW QUESTION # 64
Which component of performance measures allows you to select the method that is used to measure accounts such as budget, forecast, and actual?
- A. Accounts Member
- B. Scenario Member
- C. Category Member
- D. Time Member
Answer: A
NEW QUESTION # 65
Which setup option is common to both financial and project plan types?
- A. Manage the options for creating control budgets in Oracle Fusion Budgetary Control.
- B. Enable the use of a workflow for managing budget or forecasting status changes.
- C. Enable the entry of plan amounts in currencies other than the project currency.
- D. Identify whether the plan type is the default selection when you create budget or forecast versions.
Answer: C
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-control-configuration-manage-financial-and-project-plan-types.html#OAPFM75315 Financial and Project Plan Setup Options The following table describes the basic budget, forecast, or project plan setup options that determine how a plan type is used in the context of a project. Except for third-party scheduling, you can't edit these options at the project level.
Option
Location
Description
Planning amounts
Financial plan type
Indicates that the financial plan type supports the creation of versions with the following amounts:
Cost amounts
Revenue amounts
Both cost and revenue amounts
Either cost or revenue amounts
Approved budget or primary forecast
Financial plan type
Determines whether a financial plan type is used for creating approved budget versions or primary forecast versions that are used for plan comparison or project performance reporting.
Default financial plan type
Financial plan type
Determines whether the financial plan type is the default selection when you create budget or forecast versions.
Workflows
Financial plan type
Enables the use of a workflow for managing budget or forecast status changes.
Third-party scheduling software
Project plan type
Indicates whether project planning is performed in Microsoft Project.
If third-party scheduling is disabled in the project plan type, you can use the associated project or project template to create a project in Microsoft Project. However, you can't export the new project or link it to one created in Oracle Fusion Project Portfolio Management.
Multiple transaction currencies
Financial and project plan type
Enables entry of plan amounts in currencies other than the project currency.
Budgetary control settings
Financial plan type
Manages options for creating control budgets in Oracle Fusion Budgetary Control.
NEW QUESTION # 66
Which three setups can be configured by using Rapid Implementation for Project Financial Management Applications?
- A. Project Types
- B. Project Templates
- C. Expenditure Types
- D. Departments
Answer: A,C,D
NEW QUESTION # 67
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.
Which three are parameters that are based on which the system identifies the new resources?
- A. Jobs
- B. Project Unit
- C. Business Unit
- D. Department
- E. Organization
Answer: A,C,E
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/fapfm/implementing-project-execution-management-applications.html#FAPFM1718570 Topic - Manage Maintenance Conditions for Project Enterprise Labor Resource
NEW QUESTION # 68
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. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to the resource class.
- 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. Use the predefined S-Curve spread with small deviations on the spread points.
- D. Use the predefined Bell Curve spread with small deviations on the spread points.
Answer: A,B
Explanation:
To handle a custom spread on budgets and forecasts, you can either create a new spread curve or edit an existing one to match the desired spread points. Then, you can attach the spread curve to a project template or a resource class, depending on whether you want to apply it to all projects using that template or all transactions using that resource class. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/define-project-budgets-and-forecasts.html#OAPFM2355819
NEW QUESTION # 69
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: C
Explanation:
Budget 5,000 Actuals 800 Commitment 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 # 70
Which two statements are true about the borrowed and lent cross charge method? (Choose two.)
- A. You must set up a contract business unit to use this method.
- B. Internal Invoice is not generated with this method.
- C. This method allows you to process cross charge transactions across legal entities.
- D. This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations
Answer: B,C
Explanation:
The borrowed and lent cross charge method is a method that allows you to process cross charge transactions between provider and receiver organizations that belong to different legal entities within the same primary ledger. This method does not generate internal invoices or intercompany accounting entries for cross charge transactions. Instead, this method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations using borrowed and lent accounts. Two statements that are true about this method are:
Internal Invoice is not generated with this method. This method does not create internal invoices for cross charge transactions, as these transactions are accounted within the same primary ledger using borrowed and lent accounts.
This method allows you to process cross charge transactions across legal entities. This method allows you to process cross charge transactions between provider and receiver organizations that belong to different legal entities within the same primary ledger, as long as they share the same chart of accounts, calendar, currency, and subledger accounting method.
NEW QUESTION # 71
When setting up capitalization options on a project type, you have decided to enable the Require Complete Asset Definition option. If this option is enabled, the "Transfer Assets to Oracle Fusion Assets" process will place asset lines with complete definition into which queue in Oracle Fusion Assets?
- A. Hold
- B. Post
- C. New
- D. Posted
Answer: B
NEW QUESTION # 72
Your customer accounts revenue based on, product class category. Because all your customer's projects are funded by private and government institutions, they decide to classify all projects based on their funding source to accurately report on revenue in General Ledger. Accordingly, you create a new class category "Funding Source" and assign it to all projects. However, you notice that the accounting is still happening based on product class category. Identify the reason for this problem. (Choose the best answer.)
- A. Funding source class category is not enabled for "available as accounting source".
- B. Funding source class category is assigned to all project types.
- C. Product class category is not enabled for "available as accounting source".
- D. Funding source class category is enabled for "available as accounting source".
Answer: A
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation-configuration-define-types-and-categorizations.html#OAPFM222700 Topic - Manage Project Class Categories Setting Up Class Categories: Points to Consider Available as Accounting Source This option indicates if the class category is available as an accounting source so that Oracle Fusion Subledger Accounting can use the category to create mapping sets, account rules, journal line rules, and description rules.
Only one class category at a time is available as an accounting source in Oracle Fusion Subledger Accounting. To change the class category that Oracle Fusion Subledger Accounting uses, deactivate the old class category and create a new one with a different date range.
NEW QUESTION # 73
Your organization wants to capture the project details for work order labor and equipment resource transactions as part of a project-driven supply chain solution.
Which expenditure type class is recommended for the expenditure types that need to be defined for these type of transactions?
- A. Work In Process
- B. Usages
- C. Inventory
- D. Supplier Invoice
Answer: A
Explanation:
The expenditure type class that is recommended for the expenditure types that need to be defined for work order labor and equipment resource transactions is Work In Process. This class indicates that the transactions are related to work orders that are performed as part of a project-driven supply chain solution. This class also allows the transactions to be processed by Oracle Fusion Manufacturing applications and transferred to Oracle Fusion Project Costing applications. Supplier Invoice is not a valid expenditure type class for work order labor and equipment resource transactions. This class indicates that the transactions are related to supplier invoices that are entered in Oracle Fusion Payables applications and transferred to Oracle Fusion Project Costing applications. Usages is not a valid expenditure type class for work order labor and equipment resource transactions. This class indicates that the transactions are related to material usages that are entered in Oracle Fusion Inventory Management applications and transferred to Oracle Fusion Project Costing applications. Inventory is not a valid expenditure type class for work order labor and equipment resource transactions. This class indicates that the transactions are related to inventory movements that are entered in Oracle Fusion Inventory Management applications and transferred to Oracle Fusion Project Costing applications. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2356311
NEW QUESTION # 74
You have been asked to set up one active person, who is not a team member in the project, as a quality manager for each quality task created under projects. However, when you try to assign the quality manager as Task Manager, you cannot find the person's name in the list of values. What is the reason for this problem? (Choose the best answer.)
- A. The "Require Task Managers to be Project Team Members" profile option is set to Yes.
- B. The "Require Task Managers to be Project Team Members" profile option is set to No.
- C. The quality manager is not assigned with a supervisor.
- D. The quality manager belongs to a department that is not associated with the project.
Answer: A
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/introducing-oracle-project-portfolio-management-cloud-services.html#FAPFM428138 Topic - Project Foundation Profile Options Profile Option Name - Task Managers Must Be Project Team Members Description - Specify whether task managers must be project team members.
Values - No (Default) / Yes
Setup Task Name - Require Task Managers to be Project Team Members
NEW QUESTION # 75
Which two statements describe how the Resource Qualification Score is calculated?
- A. An individual's score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.
- B. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have the qualification.
- C. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification with a proficiency that is lower or higher than specified.
- D. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification that meets the specified proficiency.
Answer: C,D
NEW QUESTION # 76
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. (Choose two.)
- A. A scope value is used to assign users who can perform a task within an implementation project.
- B. A task list can be segmented by a scope value and a task can be performed for each qualifying value of the selected object.
- C. Exported setup data can be filtered by specific scope values if the business object has scope enabled for the setup data export.
- D. Exported setup data cannot be filtered by specific scope values if the business object has scope enabled for the setup data export.
Answer: B,C
Explanation:
Reference https://docs.oracle.com/cd/E60665_01/common/OAFSM/OAFSM1166430.htm#OAFSM1166426
NEW QUESTION # 77
Your organization has been using project class categories and codes for reporting purposes and is set up at the project level. You recently defined a new project type, Capital-Contract, and created new class categories named Build, Operate, and Transfer (BOT) and Build, Transfer, and Maintain (BTM), with class codes of Yes/No. But on creation of a project, you are unable to associate these class categories and codes.
Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)
- A. Class categories should be assigned to business unit.
- B. Class codes should be associated with a related set code.
- C. Class categories should be assigned to project type.
- D. Class codes should be assigned to project unit.
Answer: B,C
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundation-configuration-manage-project-types.html#OAPFM360164 Topic - Associating Project Types and Class Categories: Examples Project classifications group your projects according to categories and codes that you define. When you associate project classifications with project types, the classification is available for selection on projects with that project type.
Use any of the following methods to associate class categories with project types:
Add a classification to the project type definition
For each classification that you associate with the project type, you can enable the Assign to All Projects option to automatically add the classification to the project definition for all new projects with the project type. When this option is enabled, all projects with this project type must be assigned a class code for the class category.
Add a project type to the class category definition
Enable the Assign to all Project Types option on the class category definition
NEW QUESTION # 78
While opening an organization tree on the Manage Organization Trees page, you notice that the hierarchy status is displayed as Inactive. Identify the two reasons for the organization tree to be in Inactive status. (Choose two.)
- A. You used Create Tree in the action menu.
- B. You used View Tree Version in the action menu.
- C. You used Create Tree Version in the action menu.
- D. You selected the Edit icon for opening the hierarchy.
- E. You opened the hierarchy by clicking the name.
Answer: A,C
Explanation:
When you use Create Tree or Create Tree Version in the action menu, you create a new organization tree or a new version of an existing tree, respectively. These actions result in an Inactive status for the organization tree, until you activate it. When you use View Tree Version or select the Edit icon or click the name of the tree, you open an existing organization tree that has an Active status. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-organizations.html#OAPFM2355921
NEW QUESTION # 79
You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Management with tasks and subtasks applicable to each of the phases of the project: Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want to define deliverables for your project requirements that are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works.
Which two are correct statements in this scenario? (Choose two.)
- A. You associate a deliverable with a task independent of associating a requirement with a task.
- B. The association of a deliverable with a task is dependent on associating a requirement with a task.
- C. A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.
- D. A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
Answer: B,D
NEW QUESTION # 80
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Oracle 1z0-1057-22 exam is a certification exam designed to validate the skills and knowledge of professionals who wish to implement the Oracle Project Management Cloud 2022. 1z0-1057-22 exam is ideal for project managers, team leaders, and IT professionals who are interested in enhancing their project management skills and developing their career in the field of cloud technology.
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