Oracle Project Management Cloud 2023 Implementation Professional: 1Z0-1057-23 Exam
"Oracle Project Management Cloud 2023 Implementation Professional", also known as 1Z0-1057-23 exam, is a Oracle Certification. With the complete collection of questions and answers, PrepPDF has assembled to take you through 138 Q&As to your 1Z0-1057-23 Exam preparation. In the 1Z0-1057-23 exam resources, you will cover every field and category in Project Financials Management Cloud Certification helping to ready you for your successful Oracle Certification.
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- Exam Code: 1Z0-1057-23
- Exam Name: Oracle Project Management Cloud 2023 Implementation Professional
- Certification Provider: Oracle
- Corresponding Certification: Project Financials Management Cloud
- Updated: Sep 04, 2026
- No. of Questions: 138 Questions & Answers with Testing Engine
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Oracle 1Z0-1057-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Program Management and Reporting | 10% | - Configure project performance reporting and KPIs - Set up programs and hierarchies |
| Topic 2: Project Costing | 20% | - Configure cost collection, allocations, burdening - Set up budgetary controls and cost controls - Integrate with Time and Labor |
| Topic 3: Functional Setup Manager and Implementation | 10% | - Configure and manage implementation projects - Use Rapid Implementation Workbook |
| Topic 4: Resource Management | 10% | - Configure enterprise resource setup - Manage resource allocation and utilization |
| Topic 5: Project Management Cloud Overview and Common Configuration | 15% | - Set up calendars, periods, rate schedules, transaction sources - Manage security, roles, duties and user experience - Configure enterprise settings, reference data sharing - Describe architecture and components |
| Topic 6: Project Planning, Control and Forecasting | 15% | - Manage project schedules and progress - Define project budgets and forecasts - Set up project controls and performance tracking |
| Topic 7: Project Billing and Revenue Management | 20% | - Set up revenue recognition and invoicing - Configure cross-charging, transfer pricing - Manage contract billing and revenue accounting |
Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:
Question 1
Your organization has decided to enable the common accounting and project accounting periods option while defining business unit implementation options.
Where will you maintain the accounting period statuses if this option has been enabled?
A. Subledger Accounting
B. General Ledger
C. Project Foundation
D. Project Costing
Question 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 statements about the periodic project labor demand.
Response:
A. Labor Demand FTE is calculated as Yearly Allocation hours divided by Yearly FTE hours, if a year is used as the basis for viewing labor demand.
B. 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.
C. 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.
D. Labor Demand FTE is calculated as Quaterly Allocation hours divided by Quarterly FTE hours, if a quarter is used as the basis for viewing labor demand.
Question 3
Your customer wants to perform billing based on the Percent Spent invoice method. Identify two setups that are required in project contracts for calculating invoice amounts as per their requirement.
A. billing events
B. bill plan
C. expenditure items
D. invoice method
E. billing controls
Question 4
Which setup option is common to both financial and project plan types?
A. Enable the entry of plan amounts in currencies other than the project currency.
B. Identify whether the plan type is the default selection when you create budget or forecast versions.
C. Manage the options for creating control budgets in Oracle Fusion Budgetary Control.
D. Enable the use of a workflow for managing budget or forecasting status changes.
Question 5
Which two are the workflows in Project Financial Management?
A. Expenditure Item Adjustment
B. Capital Interest Calculation
C. Burden Cost Recalculation
D. Project Status Change
E. Asset Line Generation
Solutions:
| Question 1 Answer: B | Question 2 Answer: B,D | Question 3 Answer: D | Question 4 Answer: A | Question 5 Answer: A |
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