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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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| Section | Objectives |
|---|---|
| Project Billing | - Configure project billing and revenue
|
| Project Management Overview | - Describe the components of Oracle Project Management Cloud
|
| Functional Setup Manager | - Configure implementation setup
|
| Navigation, User Experience, Personalization, and Approvals | - Describe user experience features
|
| Program Management | - Manage programs and reporting
|
| Applications Security | - Manage security configuration
|
| Project Costing | - Manage project costing configuration
|
| Project Resource Management | - Configure resource management
|
| Project Performance Reporting | - Configure reporting and KPI tracking
|
| Common Project Configuration | - Configure enterprise project settings
|
| Project Control | - Manage project planning and forecasting
|
| Project Foundation | - Configure foundational project structures
|
| Project Management | - Manage project execution
|
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.)
Correct Answer: C 🗳️
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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.)
Correct Answer: D 🗳️
Explanation: Only visible for ITexamReview members. You can sign-up / login (it's free).
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.)
Correct Answer: B 🗳️
Explanation: Only visible for ITexamReview members. You can sign-up / login (it's free).
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?
Correct Answer: A 🗳️
Explanation: Only visible for ITexamReview members. You can sign-up / login (it's free).
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.)
Correct Answer: D 🗳️
Explanation: Only visible for ITexamReview members. You can sign-up / login (it's free).
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