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

  • Exam Code: 1Z0-1057-21
  • Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials
  • Updated: Aug 10, 2026
  • Q & A: 93 Questions and Answers

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

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

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. 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) single threshold level range
B) multiple threshold levels
C) multiple threshold level value
D) single threshold level value


2. 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.


3. Your customer wants a team member who is assigned to a project to beable to create and submit a forecast, butnot to be able to approve the forecast. What is the default project rolethat you should assign to the person in the project to meet this requirement? (Choose the best answer.)

A) Project Accountant
B) Project Application Administrator
C) Project Administrator
D) Project Manager


4. You are trying to create a project purchase order (PO) but you are unable to select Expenditure Organization in the PO. Identify two reasons for this problem. (Choose two.)

A) The organization is classified as a project unit.
B) The organization is notclassified as a project-owning organization.
C) The organization isnot included inthe organization treethat is assigned to the business unit that owns the PO.
D) The organization isnot classified as a project expenditure organization.


5. Identify three correct statements about project types. (Choose three.)

A) Project type can be usedas a source
B) Project type can be associated with multiple project units.
C) Classifications can be assigned
D) Summarization options can be specified at project type.
E) Project type can beenabled for both billing and capitaliz


Solutions:

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

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