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

Exam Code: 1Z0-1057-21

Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials

Updated: Oct 03, 2026

Q & A: 93 Questions and Answers

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

Section	Objectives
Topic 1: Project Billing and Revenue Management	- Contract and Billing Setup 1. Invoice Generation 2. Billing Events 3. Revenue Recognition
Topic 2: Project Financial Management Setup	- Financial Structures 1. Expenditure Types 2. Expenditure Categories 3. Transaction Sources - Project Types and Templates 1. Project Statuses 2. Project Classes 3. Project Roles
Topic 3: Project Cost Management	- Cross-Charge Processing 1. Borrowed and Lent Transactions 2. Transfer Pricing - Cost Collection and Processing 1. Expense Management Integration 2. Cost Transactions 3. Supplier Cost Processing
Topic 4: Resource Management	- Resource Structures 1. Resource Calendars 2. Project Staffing 3. Resource Requests
Topic 5: Project Execution Management	- Project Planning 1. Resource Assignments 2. Work Plans 3. Task Management - Project Control 1. Performance Reporting 2. Budgets 3. Forecasts
Topic 6: Project Foundation Setup	- Project Units 1. Business Units 2. Implementation Options 3. Reference Data Sets
Topic 7: Security and Implementation Tools	- Implementation Utilities 1. Setup Data Migration 2. Functional Setup Manager 3. Rapid Implementation Spreadsheets - Security Configuration 1. Data Access Security 2. Project Roles

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question #1

Your company creates a separate project for infrastructure services, so as to track these costs separately and then allocateto 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. spread evenly
B. target percentage and prorate
C. target percentage and spread evenly
D. prorate

Reveal Solution Discussion 0

Correct Answer: B 🗳️

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Question #2

Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page.
An HCM person is included in a condition with a process ordervalue of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

A. For the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic orderbased on the condition name.
B. For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.
C. The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.
D. The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

Reveal Solution Discussion 0

Correct Answer: A,D 🗳️

Question #3

Whichthreeare part of using the Rapid Implementation for Project Financial Management Applications macro-enabled Microsoft Excel spreadsheet to enter setup data?

A. Import Projects.
B. Prepare setup data.
C. File Importand Export.
D. Generate CSV files.
E. Upload setup data.

Reveal Solution Discussion 0

Correct Answer: B,D,E 🗳️

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Question #4

A project administrator is trying toassign a team member for a project but cannot find the person in the team member list on the Project Definition page. What is the reason for this problem? (Choose the best answer.)

A. Project roles are not assigned in the project.
B. Theemployee is not assigned with a supervisor.
C. The employee is not assigned to the project-owning organization.
D. The employee is not assigned to a department.

Reveal Solution Discussion 0

Correct Answer: D 🗳️

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Question #5

When implementing Project Performance Reporting, your customer has the following requirements:
* Every time a project cost is greater than or equal to a threshold, then the project should be shown as critical.
* As long as a project cost is less than the threshold, the project should be shown as on-track.
Which threshold levelrule is ideal for this kind of KPI definition? (Choose the best answer.)

A. multiple threshold levels
B. single threshold level value
C. multiple threshold level value
D. single threshold level range

Reveal Solution Discussion 0

Correct Answer: B 🗳️

Explanation: Only visible for PassTorrent members. You can sign-up / login (it's free).

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

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