Oracle 1Z0-1057-21 Actual Free Exam Questions & Community Discussion

  • Exam Code/Number: 1Z0-1057-21
  • Exam Name/Title: Oracle Project Management Cloud 2021 Implementation Essentials
  • Certification Provider: Oracle
  • Corresponding Certification: Project Financials Management Cloud
  • Exam Questions: 93
  • Updated On: Jun 02, 2026
When scheduling the Update Project Performance Data process to run on a periodic basis, whichsummarization method would you select? (
Correct Answer: A Vote an answer
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Using Oracle Time and Labor, your client wants to put in a validation process that allows only a certainnumber 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.)
Correct Answer: D Vote an answer
While opening an organization tree on the Manage OrganizationTrees 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.)
Correct Answer: A,E Vote an answer
Identify theattribute of a project typethatdetermines if expenditure items are billable, and theamount type to be used as the basisfor transfer pricing. (Choose the best answer.)
Correct Answer: C Vote an answer
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You want tocreate a few project roles so as to restrict accessin the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (
Correct Answer: B,C Vote an answer
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You create a project schedulewith a Shifts element. Identify two more elements that can be part of a project schedule. (Choose two.)
Correct Answer: A,C Vote an answer
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Your customer has separate organizationsto maintain indirect, capital, and billing types of projects.
Identify the two setups that can be used to fulfill this requirement. (Choose two.)
Correct Answer: A,B Vote an answer
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In a Project Draft Invoice preview, quantity (hours) andunit 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 quantityof 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.)
Correct Answer: B Vote an answer
You configure one OTBI using Project Cross Subject Area AnalysisReal Time. You notice that all measures (Budget, Forecast, Cost, Commitments, Revenue, and Invoice) are not available for Bill-To-Customer and Contract and Contract Line dimensions. Identify the reason for this behavior. (Choose the best answer.)
Correct Answer: E Vote an answer
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Your organization has been awarded a new contract based on which you are allowedto sell:
* Items not tracked in inventory
* Inventory items
* Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)
Correct Answer: A Vote an answer
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