1z0-1057 Free Practice Test

Your customer has separate organizations to maintain indirect, capital, and billing types of projects. Identify the two setups that can be used to fulfill this requirement. (Choose two.)

1. A. Project Type
2. B. Business Unit
3. C. Project Organization Classification
4. D. Organization Tree
5. E. Project Accounting Business Function

Correct Answer: CD
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1225328.htm

Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page. An HCM person is included in a condition with a process order value of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

1. A. The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.
2. B. For the three conditions that have the same process order value of 10, the records are processed inascending alphabetic order based on the condition name.
3. C. For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.
4. D. The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

Correct Answer: BD

When scheduling the Update Project Performance Data process to run on a periodic basis, which summarization method would you select? (Choose the best answer.)

1. A. Bulk
2. B. Detail
3. C. Incremental
4. D. Summary

Correct Answer: C
Reference
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project-organizations.htm
Settings That Affect Performance Data Summarization
You can summarize performance data for a project unit, business unit, a range of projects, or projects managed by a project manager. When you run the Update Project Performance Data process from the Scheduled Processes page, select one of the summarization methods from the following table:
Summarization Method Usage
Incremental
Summarizes new transactions that are yet to be summarized Delete and re-summarize
Correct summary data when the source system data changes outside the regular transaction flow.
Do not use this summarization method when you run the Update Project Performance Data Without
Producing Report
process unless you are advised to do so.
Resource breakdown structure
Migrate all summary data from one resource breakdown structure version to the next.
If you select this option, you must also specify the resource breakdown structure header.

Which three file-based data imports are available for use in Oracle Project Portfolio Management Cloud?

1. A. Project Budgets
2. B. Project Tasks
3. C. Project Billing Events
4. D. Project Templates

Correct Answer: ABC
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oefpp/toc.htm

You have closed the project accounting period with a warning, but you are unable to close the accounting period due to an error.
Identify two reasons for this problem. (Choose two.)

1. A. The corresponding Oracle Payables Cloud accounting period has not been closed.
2. B. Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.
3. C. Pending burden summarization items have not been processed.
4. D. Unaccounted transactions are not imported.
5. E. Unaccounted transactions have not been swept to the next period.

Correct Answer: BE
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjb/record-accounting-for-project-bil