Oracle Project Management Cloud 2020 Implementation Essentials (1z0-1057-20) Free Practice Test

Question 1

Your customer wants a team member who is assigned to a project to be able to create and submit a forecast, but not to be able to approve the forecast. What is the default project role that you should assign to the person in the project to meet this requirement? (Choose the best answer.)

A. Project Administrator

B. Project Manager

C. Project Accountant

D. Project Application Administrator

Correct Answer: A

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Question 2

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; no common values allowed

B. assignment to multiple sets; common values allowed

C. assignment to one set only with common values

D. assignment to multiple sets; no common values allowed

Correct Answer: D

Question 3

Your client organization has recently undergone a restructuring exercise that has resulted in the creation of new jobs. The Resource Breakdown Structure (RBS) was previously created with existing jobs, and now the new jobs have been added to the existing Resource Breakdown Structure.
Identify the correct statement about the RBS and new resources. (Choose the best answer.)

A. If the "Allow resource changes at project level" option is set to No, the new resources and resource formats that are added to a Planning Resource Breakdown Structure for one project are not available for other projects.

B. If the "Allow resource changes at project level" option is set to Yes for the RBS, the new resources are available automatically at project level.

C. If the "Allow resource changes at project level" option is enabled for the RBS, the new resources added at project level are automatically reflected in the RBS.

D. If the "Allow resource changes at project level" option is set to for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.

Correct Answer: D

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Question 4

You are now the project manager of a newly created implementation project. Which two items are not part of managing an implementation project?

A. Select the offering you want to implement.

B. Assign tasks to various users who are responsible for managing setup data.

C. Generate a list of setup tasks.

D. Enable optional functional areas and features by opting in.

E. Monitor the progress of completing setup tasks.

Correct Answer: B,C

Question 5

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 with a specified proficiency and the resource has the qualification that meets the specified proficiency.

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, but no proficiency is specified, and the resource has the qualification.

Correct Answer: A,C

Question 6

Your company creates a separate project for infrastructure services, so as to track these costs separately and then allocate to various projects that use the services of the infrastructure team. You want to allocate these costs by first attributing a fixed percentage of the source amount to each project and then spread it across tasks based on the actual labor hours charged to each task.
Which allocation basis method would you use to meet this requirement? (Choose the best answer.)

A. target percentage and spread evenly

B. spread evenly

C. prorate

D. target percentage and prorate

Correct Answer: D

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Question 7

Which two statements are true about the cross-charge method, Borrowed and Lent?

A. This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations within a legal entity.

B. Costs or revenue are shared based on transfer price rules with this method.

C. This method creates a formal internal invoice.

D. You must set up the contract business unit to use this method.

Correct Answer: A,B

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Question 8

Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs for rate-based planning resources. (Choose the best answer.)

A. Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule

B. Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate

C. Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule

D. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule

E. Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule

Correct Answer: D

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Question 9

Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)

A. Project Contract-based costing

B. Project Contract Collection Center

C. Project Contract-based billing

D. Contract Team Connect

Correct Answer: C

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Question 10

Your client uses Resource Breakdown Structures (RBS) and Resource Mapping to associate amounts to resources. After making some changes to the resources at project level, forecasts are regenerated. After reviewing the cost amounts associated with the resources, you suspect that the cost association does not match your client's expectations. Identify two valid rules based on which cost association works. (Choose two.)

A. If a transaction maps to more than one level, Oracle PPM Cloud sums the precedence numbers for all resource type in the branch and gives precedence to the resource element in the branch with the highest sum.

B. If there is only one level in RBS to which the transaction maps, the cost amounts are mapped to that level.

C. If one branch contains a user-defined resource type, precedence is given to the branch that contains a user-defined resource type.

D. If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with the lowest number at the lowest level.

Correct Answer: B,D

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Oracle Project Management Cloud 2020 Implementation Essentials (1z0-1057-20) Free Practice Test