Oracle Project Management Cloud 2023 Implementation Professional : 1Z0-1057-23

1Z0-1057-23 real exams

Exam Code: 1Z0-1057-23

Exam Name: Oracle Project Management Cloud 2023 Implementation Professional

Updated: Aug 25, 2026

Q & A: 138 Questions and Answers

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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionWeightObjectives
Resource Management10%- Configure enterprise resource setup
- Manage resource allocation and utilization
Project Billing and Revenue Management20%- Configure cross-charging, transfer pricing
- Manage contract billing and revenue accounting
- Set up revenue recognition and invoicing
Program Management and Reporting10%- Configure project performance reporting and KPIs
- Set up programs and hierarchies
Functional Setup Manager and Implementation10%- Use Rapid Implementation Workbook
- Configure and manage implementation projects
Project Management Cloud Overview and Common Configuration15%- Configure enterprise settings, reference data sharing
- Manage security, roles, duties and user experience
- Describe architecture and components
- Set up calendars, periods, rate schedules, transaction sources
Project Planning, Control and Forecasting15%- Define project budgets and forecasts
- Manage project schedules and progress
- Set up project controls and performance tracking
Project Costing20%- Configure cost collection, allocations, burdening
- Set up budgetary controls and cost controls
- Integrate with Time and Labor

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

Question 1

Identify two attributes for which you can enter budgets that will be considered for Budgetary Controls in Project Portfolio Management.

A. project plan type
B. resource
C. project classification
D. project
E. expenditure item


Question 2

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. Usages
B. Work In Process
C. Inventory
D. Supplier Invoice


Question 3

Which four standard objects can you configure to include business specific attributes by using Application Composer for Project Execution Management? (Choose four.)

A. Project Resource Request
B. Project Gates
C. Project Issues
D. Project Deliverables
E. Project Milestones
F. Project Resource Assignment


Question 4

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. 1000
B. 900
C. 600
D. 800


Question 5

You have projects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that these distribution set lines are not validated against the project transaction controls and you are allowed to save it without any validation errors. Identify the reason why the project transaction controls are not applied. (Choose the best answer.)

A. There is no expenditure organization information available on the distribution set line.
B. There is no expenditure type information available on the distribution set line.
C. There is no expenditure item date information available on the distribution set line.
D. The account code combination is not available on the distribution set line.


Solutions:

Question 1
Answer: D
Question 2
Answer: D
Question 3
Answer: E
Question 4
Answer: B
Question 5
Answer: A

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