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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 17, 2026
- Q & A: 93 Questions and Answers
About Oracle Project Management Cloud 2021 Implementation Essentials : 1Z0-1057-21 Exam
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Oracle 1Z0-1057-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Project Cost Management | - Cost Collection and Processing
|
| Resource Management | - Resource Structures
|
| Project Foundation Setup | - Project Units
|
| Project Execution Management | - Project Planning
|
| Security and Implementation Tools | - Implementation Utilities
|
| Project Financial Management Setup | - Financial Structures
|
| Project Billing and Revenue Management | - Contract and Billing Setup
|
Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:
Question #1
Identify theattribute of a project typethatdetermines if expenditure items are billable, and theamount type to be used as the basisfor transfer pricing. (Choose the best answer.)
- A. event type
- B. worktype
- C. expenditure type
- D. cost type
Correct Answer: B 🗳️
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Question #2
In a Project Draft Invoice preview, quantity (hours) andunit price (bill rate) are shown as fields on the invoice.
Quantity and unit price are then used to calculate the line total, then the total price of the invoice. After the invoice is transferred or created in Receivables, the invoice detail has a quantityof 1, and a unit price equal to the line total. The detailed Unit Price/Quantity does not come through on the Receivables invoice.
Identify the correct statement about details in the receivables invoice. (Choose the best answer.)
- A. The project sendsonly the invoice header and invoice line description to Receivables, not the invoice distributions.
- B. The project sends the invoice line description and the invoice distributions to Receivables, but not the invoice header.
- C. The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.
- D. The project sends only the invoice header to Receivables, not the invoice line description and distributions.
Correct Answer: C 🗳️
Question #3
Whichthreeare part of using the Rapid Implementation for Project Financial Management Applications macro-enabled Microsoft Excel spreadsheet to enter setup data?
- A. Upload setup data.
- B. Import Projects.
- C. Prepare setup data.
- D. File Importand Export.
- E. Generate CSV files.
Correct Answer: A,C,E 🗳️
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Question #4
Identify two correct role templates available on the Oracle Entitlement Server to generate roles for Project Organization Security. (Choose two.)
- A. Project Manager Template for Project Organization Security
- B. Project Administrator Template forProject Organization Security
- C. Project Billing Specialist Template for Project Organization Security
- D. Project Creator Template for Project Organization Security
- E. Project Accountant Template for Project Organization Security
Correct Answer: B,D 🗳️
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Question #5
You want tocreate a few project roles so as to restrict accessin the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (
- A. Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
- B. Project Billing Specialist- Security based on Contract BU
- C. Project Executive- Security basedon Project Hierarchy
- D. Project Team Member- Security based on Project Assignment
- E. Project Manager- Security based on Project Assignment
Correct Answer: D,E 🗳️
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