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Oracle 1Z0-1057-23

1Z0-1057-23

Exam Code: 1Z0-1057-23

Exam Name: Oracle Project Management Cloud 2023 Implementation Professional

Updated: Aug 02, 2026

Q & A: 138 Questions and Answers

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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionWeightObjectives
Resource Management10%- Manage resource allocation and utilization
- Configure enterprise resource setup
Project Costing20%- Configure cost collection, allocations, burdening
- Set up budgetary controls and cost controls
- Integrate with Time and Labor
Program Management and Reporting10%- Configure project performance reporting and KPIs
- Set up programs and hierarchies
Functional Setup Manager and Implementation10%- Configure and manage implementation projects
- Use Rapid Implementation Workbook
Project Billing and Revenue Management20%- Set up revenue recognition and invoicing
- Manage contract billing and revenue accounting
- Configure cross-charging, transfer pricing
Project Management Cloud Overview and Common Configuration15%- Manage security, roles, duties and user experience
- Describe architecture and components
- Configure enterprise settings, reference data sharing
- Set up calendars, periods, rate schedules, transaction sources
Project Planning, Control and Forecasting15%- Define project budgets and forecasts
- Manage project schedules and progress
- Set up project controls and performance tracking

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. Which two statements are true about the borrowed and lent cross charge method?

A) This method allows you to process cross charge transactions across legal entities.
B) You must set up a contract business unit to use this method.
C) Internal Invoice is not generated with this method.
D) This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations


2. Your customer has the following setups on the project plan type that they are using for their projects:
Use Task Planned Dates as Task Assignment Dates = Yes
Automatically Roll Up Task Planned Dates = Yes
Synchronize Task Transaction Dates with Planned Dates = No
With these setups in place, you perform the following actions:
1. Create a new subtask (Sub Task 1) with a start date of 15-Jun-2016 on the project that has as start date of 01-Jul-2016.
2. Create another new subtask (Sub Task 2) after the previous action is saved.
What would the correct behavior of the application be after these actions? (Choose the best answer.)

A) Project Start Date would remain unchanged as 01-Jul-2016 for both actions but the start dates on both subtasks would remain 15-Jun-2016.
B) After the creation and saving of Sub Task 1, Task Start Date would be changed to 01-Jul-2016 and Sub Task 2 would be created with 01-Jul-2016.
C) After the creation of Sub Task 1, Project Start Date would be changed to 15-Jun-2016 and Sub Task 2 would be created with 15-Jun-2016.
D) After the creation of Sub Task 1, Project Start Date would remain unchanged as 01-Jul-2016 and Sub Task 2 would be created with 15-Jun-2016.


3. Your customer wants a project start 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) Cascade change to the start date.
C) Cascade change to the start date and the finish date.
D) Do not cascade date changes.


4. You are implementing Project Portfolio Management for a global professional services organization. In their Consulting Services line of business, it is common to use resources from different business units based on the skills required. Therefore, cross-charge transactions happen between business units within the same legal entity. Transfer price calculations need to be based on raw costs, with no further adjustments to transfer price.
Identify two setups that can drive this borrowed and lent agreement.

A) Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
B) Transfer price basis must be Raw Cost and calculation method must be Basis Only.
C) A document entry such as straight time must be enabled for cross-charge transactions.
D) Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.


5. Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs for rate-based planning resources. (Choose the best answer.)

A) Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate
B) Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule
C) Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule
D) Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule
E) Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule


Solutions:

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

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