VCEDumps has designed highly effective Oracle 1z0-1057-24 exam questions and an online 1z0-1057-24 practice test engine to help candidates successfully clear the Oracle Project Management Cloud 2024 Implementation Professional exam. These two simple, easy, and accessible learning formats instill confidence in candidates and enable them to learn all the basic and advanced concepts required to pass the Oracle Project Management Cloud 2024 Implementation Professional (1z0-1057-24) Exam.
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NEW QUESTION # 121
Which three tasks can be performed using the project requirements work area? (Choose three.)
Answer: A,D,E
NEW QUESTION # 122
You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
Associated Project 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.)
Answer: B
Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/manage-project-contract- revenue.html#OAPJB164173 Associated Project Percent Spent Example The following formula calculates the percent spent revenue for the associated project.
((Sum of ITD Actual Cost for every subtask that is part of the associated task/Sum of Total Budgeted cost for every task that is part of associated task) xAssociated Project Funded Amount) - Sum of Existing Invoice Event Amounts for the Associated Project ((60/300) x750) - 80 =70 ((Actual Cost / Budgeted Cost) x Budgeted Revenue) - Sum of Revenue Event Amount
NEW QUESTION # 123
Your customer has a requirement to allow adjustment and reversals for transactions imported from an external expense entry system.
Which section on the Manage Project Transaction Sources page will allow you to enable these options?
Answer: A
Explanation:
The section on the Manage Project Transaction Sources page that will allow you to enable these options is Document Entries. This section allows you to define the attributes and options for each document entry type that is associated with a transaction source. A document entry type represents a group of transactions that have similar characteristics and processing rules. For example, you can define a document entry type for expense reports and enable adjustment and reversal options for this document entry type. TheDocuments section allows you to define the attributes and options for each document type that is associated with a transaction source. A document type represents a source document that contains one or more transactions. For example, you can define a document type for expense reports and enable validation and transfer options for this document type. The Transaction Source section allows you to define the attributes and options for each transaction source that is used to import transactions from an external system. A transaction source represents a system or application that provides transactions to Oracle Fusion Project Costing. For example, you can define a transaction source for expense reports and enable costing and accounting options for this transaction source. The Transaction Entries section allows you to review and manage the transactions that are imported from an external system using a transaction source. You can view, edit, adjust, reverse, validate, and transfer transactions in this section. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c
/oapfm/manage-project-costs.html#OAPFM2356241
NEW QUESTION # 124
While opening an organization tree on the Manage Organization Trees page, you notice that the hierarchy status is displayed as Inactive. Identify the two reasons for the organization tree to be in Inactive status. ( Choose two.)
Answer: B,D
Explanation:
When you use Create Tree or Create Tree Version in the action menu, you create a new organization tree or a new version of an existing tree, respectively. These actions result in an Inactive status for the organization tree, until you activate it. When you use View Tree Version or select the Edit icon or click the name of the tree, you open an existing organization tree that has an Active status.Reference:https://docs.oracle.com/en
/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-organizations.html#OAPFM2355921
NEW QUESTION # 125
When setting up capitalization options on a project type, you have decided to enable the Require Complete Asset Definition option. If this option is enabled, the "Transfer Assets to Oracle Fusion Assets" process will place asset lines with complete definition into which queue in Oracle Fusion Assets?
Answer: D
Explanation:
If the Require Complete Asset Definition option is enabled on a project type, the "Transfer Assets to Oracle Fusion Assets" process will place asset lines with complete definition into the Hold queue in Oracle Fusion Assets. This queue holds the asset lines that require manual review and approval before they can be posted to the asset register. Asset lines with incomplete definition will be placed into the Error queue in Oracle Fusion Assets. This queue holds the asset lines that have errors or missing information that need to be corrected before they can be transferred to the Hold queue. Reference:https://docs.oracle.com/en/cloud/saas/project- portfolio-management/20c/oapfm/manage-project-assets.html#OAPFM2356041
NEW QUESTION # 126
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