1Z0-1057-21 Study Materials: Oracle Project Management Cloud 2021 Implementation Essentials & 1Z0-1057-21 Certification Training

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

Exam Code: 1Z0-1057-21

Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials

Updated: Aug 01, 2026

Q & A: 93 Questions and Answers

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

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

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

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 134
B) USD 184
C) USD 120
D) USD 70


2. Which setup option is common to both financial and project plan types?

A) Enable the use of a workflow for managing budget or forecasting status changes.
B) Enable the entry of plan amounts in currencies other than the project currency.
C) Identify whether the plantype is the default selection when you create budget or forecast versions.
D) Manage the options for creating control budgets in Oracle Fusion Budgetary Control.


3. You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? (Choose two.)

A) Edit task details.
B) Receive email notifications about changes that team members make to a task.
C) View task details and the task activity stream.
D) Enter progress for tasks.


4. Identify the valid approval group type applicable to Oracle Project Financial Management Cloud. (Choose the best answer.)

A) Static
B) Position
C) Job
D) Dynamic
E) Flexfield


5. You have four resources in your organization: P, Q,R, and S.
Resource P - Project or resource calendar is active.
Resource Q - Project resource request dates are within the project or resource calendar effective dates.
Resource R - Resource calendar is complex, it does not contain seven days, and it contains more than one pattern and shift.
Resource S - Number of working days within the requested date range is not zero on the project or resource calendar.
Identify the resource for whom Resource Availability Capacity Score will not be calculated. (Choose thebest answer.)

A) P
B) Q
C) R
D) S


Solutions:

Question # 1
Answer: D
Question # 2
Answer: B
Question # 3
Answer: B,C
Question # 4
Answer: A
Question # 5
Answer: C

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