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Oracle 1Z0-1057-21

1Z0-1057-21

Exam Code: 1Z0-1057-21

Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials

Updated: Oct 16, 2026

Q&A Number: 93 Q&As

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Project Financial Management- Revenue Recognition Basics
- Cost Management and Control
- Budgeting and Forecasting
Project Management Cloud Setup and Configuration- Project Types and Templates Configuration
- Enterprise Project Structure (EPS) and Project Setup
Integration and Configuration- Integration with Oracle HCM Cloud
- Integration with Oracle Financials Cloud
Reporting and Analytics- OTBI and Dashboard Usage
- Project Performance Reporting
Project Execution and Control- Task Management and Scheduling
- Progress Tracking and Reporting
- Resource Assignment and Utilization
Security and Data Access- Role-Based Access Control
- Project Security Configuration

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question #1
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 statementsabout the periodic project labor demand. (Choose two.)

A. Labor Demand FTE is calculated as YearlyAllocation 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 Quarterly Allocation hours divided by Quarterly FTE hours, if a quarter is used as the basis for viewing labor demand.
C. 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.
D. 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.


Question #2
Whichfivesteps are required for the File-Based Data Import Integration option?

A. Import data into various applications.
B. Upload the file to the server.
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. Download an Excel template.


Question #3
In your customer site, the capitalized interest calculation is implemented on their project types. Which option represents the costs considered in the interest calculation? (Choose the best answer.)

A. expenditure type exclusions on the Capitalized Interest rate schedules
B. common costs on the project/task
C. expenditure items whose cost spreads across multiple assets that are capitalized
D. expenditure items whose costs are applied to a single asset or multiple assets
E. expenditure type exclusions on the Capitalized Interest rate name


Question #4
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 underprojects. 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 quality manager is not assigned with a supervisor.
B. The quality manager belongs to a department that is not associated with the project.
C. The "Require Task Managers to be Project Team Members" profile option is set to Yes.
D. The "Require Task Managers to be Project Team Members" profile option is set to No.


Question #5
Youare implementing Project Portfolio Management for a global professional services organization. In their Consulting Services line of business, it is common to use resources from different business units based on the skills required. Therefore, cross-chargetransactions happen between business units within the same legal entity.Transfer price calculations need to be based on raw costs, with no further adjustments to transfer price.
Identify two setups that can drive this borrowed and lent agreement. (Choosetwo.)

A. Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.
B. A document entry such asstraight time must be enabledfor cross-charge transactions.
C. Transfer price basis must beRaw Costand calculation method must beBasis Only.
D. Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.


Solutions:

Question #1
Correct Answer: A,B
Question #2
Correct Answer: B,C,D,E,F
Question #3
Correct Answer: D
Question #4
Correct Answer: C
Question #5
Correct Answer: B,C

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