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

1Z0-1057-21 real exams

Exam Code: 1Z0-1057-21

Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials

Updated: Oct 13, 2026

Q & A: 93 Questions and Answers

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

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

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question #1

You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitmentfor $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

  • A. 800
  • B. 900
  • C. 600
  • D. 1000
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #2

Your customer accounts revenue based on, product class category. Because all your customer's projects are funded by private and government institutions, theydecide to classify all projects based on their funding source to accurately report on revenue in General Ledger. Accordingly, you create a new class category "Funding Source" and assign it to all projects. However, you notice that the accounting is still happening based on product class category. Identify the reason for this problem. (Choose the best answer.)

  • A. Funding source class category is enabled for "available as accounting source".
  • B. Funding source class category is assigned to all project types.
  • C. Funding source class category is not enabled for "available as accountingsource".
  • D. Product class category is not enabled for "available as accounting source".
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #3

You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Portfolio Management with tasks and subtasks applicable to each of the phases of the project:
Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want todefine deliverables for your project requirementsthat are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works. Identify the two correct statements in this respect. (Choose two.)

  • A. A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
  • B. The association of a deliverable with a task is dependent on associating a requirement with a task.
  • C. Youassociate a deliverable with a task, independent of associating a requirement with a task.
  • D. A deliverable associated with a requirement is automatically associated with the tasks createdfor that requirement.
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

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Question #4

Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page.
An HCM person is included in a condition with a process ordervalue of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

  • A. For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.
  • B. For the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic orderbased on the condition name.
  • C. The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.
  • D. The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

Question #5

Which two statements describe how the Resource Qualification Score is calculated?

  • A. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification with a proficiencythat is lower or higher than specified.
  • B. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification that meets the specified proficiency.
  • C. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have thequalification.
  • D. An individual's score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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