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: Oct 11, 2026

Q & A: 138 Questions and Answers

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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionObjectives
Project Billing- Configure project billing and revenue
  • 1. Cross charging
  • 2. Revenue management
  • 3. Project invoicing
  • 4. Transfer pricing
Project Management Overview- Describe the components of Oracle Project Management Cloud
  • 1. Understand project management architecture
  • 2. Explain available integrations
Functional Setup Manager- Configure implementation setup
  • 1. Rapid Implementation Workbook
  • 2. Functional Setup Manager usage
Navigation, User Experience, Personalization, and Approvals- Describe user experience features
  • 1. Personalization options
  • 2. Navigation concepts
- Manage approvals and workflows
  • 1. Configure approval tasks
  • 2. Set up notifications
Program Management- Manage programs and reporting
  • 1. Program reporting
  • 2. Program setup
Applications Security- Manage security configuration
  • 1. Applications Security Console
  • 2. Roles and duties
Project Costing- Manage project costing configuration
  • 1. Budgetary controls
  • 2. Allocations
  • 3. Cost collection center
  • 4. Burdening
  • 5. Time and labor integration
Project Resource Management- Configure resource management
  • 1. Enterprise labor resources
  • 2. Resource allocation
Project Performance Reporting- Configure reporting and KPI tracking
  • 1. Performance KPIs
  • 2. Project reporting configuration
Common Project Configuration- Configure enterprise project settings
  • 1. Project Financial Management organizations
  • 2. Reference data sharing
  • 3. Subledger Accounting
Project Control- Manage project planning and forecasting
  • 1. Forecast management
  • 2. Project budgets
Project Foundation- Configure foundational project structures
  • 1. Project resources
  • 2. Rate schedules
  • 3. Transaction sources
  • 4. Project types
  • 5. Project calendars and periods
Project Management- Manage project execution
  • 1. Project requirements
  • 2. Project gates
  • 3. Issues and deliverables
  • 4. Application Composer usage

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

Question #1

Your client has implemented Oracle Cloud Applications with their United States business unit and United Kingdom business unit. After six months, they acquired another company in China and added a China business unit. A project accountant in your organization is authorized to access transactions for the US, UK, and China business units. The project accountant can see the transactions for the US and UK business units but not for the China business unit. Why is he not able to see the transactions for the China business unit? (Choose the best answer.)

  • A. The JOB role relevant to the China business unit is not assigned to the project accountant.
  • B. The China business unit is associated with a different legal entity than the US and UK business units.
  • C. The project accountant is not assigned to the external role that grants access to the China business unit.
  • D. The US and UK business units are linked to different ledgers than the China business unit.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

Your customer accounts revenue based on, product class category. Because all your customer''s projects are funded by private and government institutions, they decide to classify all projects based on their funding source to accurately report on revenue in General Ledger. Accordingly, you create a new class category "Funding Source" and assign it to all projects. However, you notice that the accounting is still happening based on product class category. Identify the reason for this problem. (Choose the best answer.)

  • A. Funding source class category is enabled for "available as accounting source".
  • B. Product class category is not enabled for "available as accounting source".
  • C. Funding source class category is assigned to all project types.
  • D. Funding source class category is not enabled for "available as accounting source".
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

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 under projects. 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 "Require Task Managers to be Project Team Members" profile option is set to No.
  • C. The quality manager belongs to a department that is not associated with the project.
  • D. The "Require Task Managers to be Project Team Members" profile option is set to Yes.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

Your organization has a requirement to retrieve the value of the cost center segment based on the department.
Which source can you use while defining the account rule to achieve this requirement?

  • A. Expenditure Organization Cost Center Segment
  • B. Event Organization Cost Center Segment
  • C. Expenditure Business Unit Cost Center Segment
  • D. Project Organization Cost Center Segment
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

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. prorate
  • C. spread evenly
  • D. target percentage and prorate
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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