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Oracle 1Z0-1057-21 Exam : Oracle Project Management Cloud 2021 Implementation Essentials
- Exam Code: 1Z0-1057-21
- Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials
- Updated: Sep 06, 2026
- Q & A: 93 Questions and Answers
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Oracle 1Z0-1057-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Project Financial Management Setup | - Financial Structures
|
| Topic 2: Project Cost Management | - Cross-Charge Processing
|
| Topic 3: Resource Management | - Resource Structures
|
| Topic 4: Project Foundation Setup | - Project Units
|
| Topic 5: Project Billing and Revenue Management | - Contract and Billing Setup
|
| Topic 6: Project Execution Management | - Project Control
|
| Topic 7: Security and Implementation Tools | - Security Configuration
|
Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:
Question #1
Your organization has created an Enterprise Project Structure (EPS) and your executives review the overall project labor demand by using the EPS. Identify two correct statementsabout the periodic project labor demand. (Choose two.)
- A. Labor Demand FTE is calculated as Monthly Allocation hours divided by Monthly FTE hours, if a period is used as the basis for viewing labor demand.
- B. Labor Demand FTE is calculated as Quarterly Allocation hours divided by Quarterly FTE hours, if a quarter is used as the basis for viewing labor demand.
- C. Labor Demand FTE is calculated as YearlyAllocation hours divided by Yearly FTE hours, if a year is used as the basis for viewing labor demand.
- D. Labor Demand FTE is calculated as Project Allocation hours divided by Project FTE hours, if project duration is used as the basis for viewing labor demand.
Correct Answer: B,C 🗳️
Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).
Question #2
You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for abillable expenditure item and active contract, the process completes successfully but without any billing, and does not provide any error logs.
The program's processing summary is as follows:
Billing Event Errors 0
Ineligible Contracts 0
Successfully Billing Events Created 0
Ineligible Contract Lines 0
Billing Transaction Exception Errors 0
Ineligible Bill Plans 0
Billing Transaction Exception Warnings 0
Ineligible Associated Projects 0
Successful Billing Transactions 0
Ineligible Expenditure Items 0
DraftInvoice Exception Errors 0
Ineligible Events 0
Draft Invoice Exception Warnings 0
Successful Draft Invoices 0
What was the invoice method classification set to that caused this behavior? (Choose the best answer.)
- A. Amount Based
- B. As Incurred
- C. Rate Based
- D. Percent Complete
Correct Answer: A 🗳️
Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).
Question #3
Your client organization has recently undergone a restructuring exercise that has resulted in the creation of new jobs. The Resource Breakdown Structure (RBS) was previously created with existing jobs, and now the new jobs have been added to the existing Resource Breakdown Structure.
Identify the correct statement about the RBS and new resources. (Choose the best answer.)
- A. If the "Allow resource changes at project level" option is enabled for the RBS, the new resources added at project level are automatically reflected in the RBS.
- B. If the "Allow resource changes at project level" option is set to for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.
- C. If the "Allow resource changes at project level" option is set to Yes for the RBS, the new resources are available automatically at project level.
- D. If the "Allow resource changes at project level" option is set to No, the new resources and resource formats that are added to a Planning Resource Breakdown Structure for one project are not available for other projects.
Correct Answer: B 🗳️
Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).
Question #4
Your customer wants a projectstart date to cascade to the project tasks but does not want the finish date to be cascaded. Identify the default setup in a project template that can be used to enable this.(Choose the best answer.)
- A. Cascade change to the finish date.
- B. Do not cascadedate changes.
- C. Cascade change to the start date.
- D. Cascade change to the start date and the finish date.
Correct Answer: C 🗳️
Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).
Question #5
Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction's business unit.
Which reference data sharing method would you setup to meet the customer requirement? (Choose the best answer.)
- A. assignment to multiple sets; no common values allowed
- B. assignment to one set only; no common values allowed
- C. assignment to multiple sets; common values allowed
- D. assignment to one set only with common values
Correct Answer: A 🗳️
Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).
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