Oracle 1Z0-1057-21 Exam : Oracle Project Management Cloud 2021 Implementation Essentials

Oracle 1Z0-1057-21 exam
  • Exam Code: 1Z0-1057-21
  • Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials
  • Updated: Sep 11, 2026
  • Q & A: 93 Questions and Answers
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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Reporting and Analytics- Project Performance Reporting
- OTBI and Dashboard Usage
Topic 2: Project Financial Management- Revenue Recognition Basics
- Budgeting and Forecasting
- Cost Management and Control
Topic 3: Integration and Configuration- Integration with Oracle HCM Cloud
- Integration with Oracle Financials Cloud
Topic 4: Project Management Cloud Setup and Configuration- Project Types and Templates Configuration
- Enterprise Project Structure (EPS) and Project Setup
Topic 5: Security and Data Access- Project Security Configuration
- Role-Based Access Control
Topic 6: Project Execution and Control- Resource Assignment and Utilization
- Progress Tracking and Reporting
- Task Management and Scheduling

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question #1

You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
AssociatedProject Budgeted Cost: USD 300
Contract Amount: USD 1000
Project Funded Amount: USD 750
Sum of Existing Revenue Events: USD 80
Identify the Associated Project Spent revenue that will get generated based on the preceding details. (Choose the best answer.)

  • A. USD 120
  • B. USD 70
  • C. USD 184
  • D. USD 134
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

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 there is only one level in RBS to which the transaction maps, the cost amounts are mapped to that level.
  • B. If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with thelowest number at the lowest level.
  • C. If a transaction maps to more than one level, Oracle PPMCloud 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.
  • D. If one branch contains a user-defined resource type, precedence is given to the branch that contains a user-defined resource type.
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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Question #3

Your customer wants to calculate Estimate to Complete (ETC) as the difference between Current Planned Cost andActual Cost. In Progress Settings, which option would you use in conjunction with the ETC method to meet this requirement? (Choose the best answer.)

  • A. Effort
  • B. Remaining Plan
  • C. Manual Entry
  • D. Cost
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types.
Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

  • A. Create a revenue method with a revenue method classification of Amount Based.
  • B. Create arevenue method with a revenue method classification of Rate Based.
  • C. Create a revenue method classification with a revenue method of Percent Complete.
  • D. Create a revenue method classification with a revenue method of Percent Spent.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #5

As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resourcesprocess to create and update resources based on changes in HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers. (Choose the best answer.)

  • A. Jobs
  • B. attributes that the project enterprise resources are assigned after creation
  • C. Person Type
  • D. Pool Membership
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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